High-end homes are continuing to change hands at pace on the Gold Coast, even as broader market conditions show signs of softening.

Kollosche’s latest results offer a snapshot of how the luxury sector is tracking as the year unfolds. The agency reported a robust performance in the third quarter of FY2024-25, achieving an average sale price of approximately $4,000,000.

Top Residential Sales

Kollosche’s standout sales for the quarter illustrate strong demand across the luxury residential market, with buyers continuing to invest confidently in premium Gold Coast real estate. Notably, the agency recorded 19 residential sales over $5,000,000 between January and March 2025, highlighting Kollosche’s ability to achieve premium prices in any market.

The quarter’s standout residential transactions included:

1. $18,500,000 | 8 Southern Cross Drive, Cronin Island

2. $18,500,000 | 4401/272 Hedges Avenue, Mermaid Beach

3. $16,750,000 | 17 Hedges Avenue, Mermaid Beach

4. $16,500,000 | 87-89 Monaco Street, Broadbeach Waters

5. $15,510,000 | 297-299 Monaco Street, Broadbeach Waters

Commercial and New Projects

In the commercial sector, Kollosche Commercial facilitated the sale of the Mermaid Shopping Village, achieving a price of $26,000,000 in February. The high-profile corner site at 2375 Gold Coast Highway, Mermaid Beach comprises three titles and more than 2,000m² of land.

The agency’s New Projects division recorded a notable off-the-plan sale of a full-floor apartment in Drift Residences, Main Beach, for $11,995,000. This transaction set a record for the highest price achieved for a full-floor, off-the-plan apartment in Main Beach, excluding penthouse sales.

Quarterly Insights and Trends

The Gold Coast property market has continued to show resilience through the past quarter, but was not without its share of ups and down.

Mortgage holders received their first interest rate cut in more than a year in February, boosting buyer confidence after a period of monetary tightening. The arrival of Cyclone Alfred in early March disrupted campaign activity and may have delayed some transactions. With a federal election on the horizon, broader uncertainty may also have contributed to a more cautious stance among some buyers.

Despite these headwinds, the local market remains among Australia’s most valuable. The median house price on the Gold Coast reached $1,142,283 as of December 2024, reflecting significant growth even if momentum has eased slightly from last year’s peak.

According to CoreLogic’s March data set, dwelling values across Regional Queensland – which includes the Gold Coast – rose 1 per cent in the three months to February and 5.5 per cent annually. This outpaced the combined capitals, where values declined 0.4 per cent over the quarter.

Sales activity has softened slightly over the summer months. In Regional Queensland, properties are now taking longer to sell, with median days on market increasing from 36 days to 46 days over the past year. Vendor discounting also widened slightly to -3.5 per cent, suggesting greater price sensitivity among buyers.

New listings in the region were down 3.4 per cent year-on-year, while total stock on market was up 2.7 per cent. While this indicates a gradual build-up in inventory, stock levels on the Gold Coast, in particular, are highly restricted.

The rental market remains strong, with annual rental growth in Regional Queensland at 5.8 per cent and gross rental yields holding firm at 4.4 per cent, outperforming most capital cities.

Kollosche’s Q3 results reflect continued resilience and demand at the top end of the market, especially across prestige waterfront homes and luxury apartments.

For a confidential discussion about your property plans, reach out to the Kollosche team.