Mega Sales Kickstart the Year
January 31 2025
Kollosche has hit the ground running in 2025 with a string of mega sales setting the pace for the city’s luxury real estate market during January.
An LA-inspired mansion on a double block at 297-299 Monaco Street in Broadbeach Waters changed hands last week for a tidy $15,510,000. The result set a record in the popular riverside suburb, exceeding the previous highest sale price by more than $300,000.
Michael Kollosche, Ryan Ward, Sam Guo and Julia Kuo closed the deal, which came after the property had been on the market with another agency for nine months. The sale price is also the city’s highest for the year to date, signalling a robust appetite for luxury real estate in 2025.
Gold Coast house prices grew by 9 per cent last year, outpacing the national average of 8.5 per cent. With an average house price of $1,170,000, the region now boasts the second-highest average house price in Australia, trailing only Sydney’s $1,700,000.
Local rightsizers and interstate investors are driving demand in the beachside apartment market as the summer rolls on, with several high-end sales across the city’s most sought-after buildings.
Earlier this month, Michael Kollosche and Harry Kakavas secured a $7,950,000 buyer for a full floor apartment inside the newly completed Dune Main Beach.
Down the road in Broadbeach, Michael teamed up with Ryan Ward on the $3,250,000 sale of a prized penthouse in Bela by Mosaic. Also last week, Duncan Longmore signed a $3,400,000 deal on a beachfront apartment inside the Silverpoint tower in Main Beach.
The deals didn’t stop on Australia Day when Paul Harrison and Michael Kollosche secured a buyer for the three-level Maili penthouse in Coolangatta. Further north in Nerang, Hayley Kidson and Debora Sutton wrapped up a $3,200,000 sale on a 9,136m2 estate at 22 Crane Crescent.
It took Kollosche agents Danny and Rebecca Stanley just 18 days to secure an $8,500,000 buyer for a new full-floor apartment inside The Monaco in Main Beach, just prior to Christmas.
The city’s residential housing sector is widely tipped to record modest to strong growth this year, particularly at the top end of the market, fuelled by continued migration, tight stock levels and a robust local economy.
If you are looking to relocate, upgrade or invest in 2025, reach out to the Kollosche team to explore premium real estate opportunities across the Gold Coast.