Add videos to your saved list and come back to them any time Aniko Group, one of Queensland’s leading builder-developers, is getting set to embark on one of the most sought-after projects to be launched on the Gold Coast in recent years Aniko Group, headed by George Mastrocostas, is taking registrations of interest at The Landmark, a groundbreaking $2 billion mixed-use project located in Mermaid Beach The ambitious development will consist of four towers and an internationally branded upper-luxury hotel The first release consists of 240 apartments There will be around 800 in the overall precinct “We are incredibly excited to bring The Landmark to life in Mermaid Beach,” said George Mastrocostas, Founder and Managing Director of Aniko Group “This project reflects our dedication to creating iconic spaces that not only redefine residential living but also enrich the surrounding community “We are encouraging those interested to register early as The Landmark promises to be a highly sought-after address for those looking to experience a premium coastal lifestyle.” Landmark’s two and three-bedroom apartments have been designed to maximize views of the beach Designed in collaboration with renowned architects at Plus and the expert team at Aniko Group The Landmark merges contemporary coastal architecture with luxurious amenities that enhance the lifestyle experience Residents of The Landmark will enjoy an exceptional suite of amenities and a fully equipped gymnasium featuring state-of-the-art fitness equipment The company is preparing to redeploy its skilled construction teams to The Landmark in early 2025 ensuring the project will be built to the highest standards of quality and craftsmanship With its distinctive design, comprehensive amenities, and prime location, The Landmark is positioned to become a defining addition to the Gold Coast skyline and a coveted address for buyers and investors from across Australia and beyond We're on a mission to radically improve the quality of Urban communities being developed across Australia We aim to showcase every development in Australia to help you find the perfect new home Marcus Ashcroft has sold a knockdown site in Mermaid Beach The $3.05 million sale of a knockdown block of flats owned by AFL legend Marcus Ashcroft has set a staggering new benchmark in the side streets of blue-chip Mermaid Beach Former Brisbane Lions player and Gold Coast Suns boss Ashcroft and his wife Rebekah flicked the 405 sqm block at 33 Seashell Ave on the same day a 1970s shack at 68 Petrel Ave also sold under the hammer for $3m now fits anywhere east of the highway in the sought-after Glitter Strip suburb Malan + Co agent Conner Malan said that while homeowners once aspired to live beachfront many were now content with properties within walking distance to the water those kinds of blocks closer to the Gold Coast Highway would not perform,” Mr Malan said “It wasn’t too long ago that we could not get rid of a very similar block for $1.1m and now entry-level properties in Mermaid Beach are $3m “Owners in Mermaid Beach have been willing to trade consistently because they progress into a beachfront block but the leap from a beachside block to the beachfront is astronomical – it’s a jump from $3-4m to $10-11m.” The Ashcrofts bought the Seashell Ave property for $2.474m in 2021 following the sale of their riverfront home in Carrara for $4.1m Marcus and Rebekah Ashcroft pictured with sons at last year’s AFL Grand Final clash between Sydney and Brisbane Marcus Ashcroft was the first Queenslander to play 300 games for the AFL and three premierships for Brisbane over a 15-year career and served as Suns football manager for 10 years with 20-year-old son Will a mid-fielder for the club also a top draft pick under the father-son rule in 2024 The median house price at Mermaid Beach has risen 20.8 per cent to $3.45m in the past 12 months And while an entry-level property isn’t far below that figure the beachfront is lined by mansions which trade for about six times more Price revealed: Lleyton and Bec Hewitt’s beach house sale Aussie fashion icon reveals embarrassing home truth Celebrities circle rent-or-buy mansion Investors like mining magnate Clive Palmer who dropped $70.95m on Hedges Ave properties in the past year Hedges and Albatross Avenues are now recognised as Billionaire’s Row due to skyrocketing prices a total of 36 properties have transacted in the area “The blocks close to Hedges have become so tightly held that you either pay a huge premium or lock them up off market so more people are willing to invest in a new build back from the beach,” Mr Malan said Blocks near the highway are pulling big prices Liveable properties are bulldozed to make way for dream builds where controversial new land taxes are driving owners out but Mr Malan said most buyers were locals who already owned property in the suburb The Melbourne buyer of Seagull Ave was the sole interstate buyer from five bidders across both recent auctions people are looking to knock them down because of the position,” Mr Malan said Fellow Malan + Co agent Dan Donovan said the suburb median would continue to climb as dream homes popped up further back from the beach “What we are seeing is quite old beach shacks with no real heritage value being replaced with beautiful architecturally designed homes that do indeed improve the area,” Mr Donovan said Brisbane Lions’ 2024 AFL father-son draftee Levi Ashcroft will inherit the No.10 guernsey worn by his father Picture: Chris Hyde/AFL Photos/via Getty Images third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you 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By accessing or using our platform, you agree to our Terms of Use. A Brisbane penthouse owner has dropped $8m on a yet-to-be-built luxury beachside home on the Gold Coast The off-the-plan sale is a coup for high-profile developers Graya who made their name building jaw-dropping mansions for celebrity clients including ex-footballer Darius Boyd and his influencer wife Kayla Graya director Rob Gray said one of two residences in a duplex under construction on Mermaid Beach’s Hedges Ave was snapped up within 24 hours of launching to market Cashed-up buyers are circling the second residence which was originally to be retained by Mr Construction is expected to be finished in September next year reluctant to let go of their own future holiday hideaway Mr Whitehead said the listing created an instant stir among buyers “actively searching for a Graya product” “A lot of people are dreaming of a beautiful holiday house on Hedges Ave and owning a Graya home is certainly bragging rights as the recognition of the quality and uniqueness of the brand is unbelievably strong,” Mr Whitehead said and with this product we managed to achieve a really strong price for the area that definitely lifts the bar for a non-beachfront property.” we are still fielding expressions of interest on Roca “The biggest headache I have is trying to convince Meghan to let it go,” he said Mr Gray said they were “on the fence” about whether to sell “Meghan really wants to keep it and Nic is really encouraging a sale It’s a tough one – it could even be the hardest decision of 2025.” The couple recently collected $11m from the sale of Dune a spectacular Moroccan-inspired mansion at Burleigh Heads which was originally intended as their dream family home How a warehouse was transformed into the ultimate bachelor’s pad Inside Karl Stefanovic’s Noosa holiday home Graya home designed for Israel Folau sells for massive sum Records show Mr Gray paid $3,292,500 in March for a 402 sqm site at 120 Hedges Ave with Studio Workshop engaged to design a pair of semi-detached houses “five levels of lavish living space” inspired by a classic European villa each of the residences has a private oceanview rooftop terrace with a glass-edged pool and alfresco dining area Each home has a private rooftop pool and entertaining terrace Three ensuited bedrooms are set over the first floor with a spacious master bedroom plus private balcony above The project’s material palette of brickwork glass and interior stone is enhanced by plants on every level including the rooftop creating a stunning visual statement while complementing the coastal setting PropTrack data shows house prices in Mermaid Beach were up 30 per cent over the past 12 months The office opening follows recent growth in Brisbane’s The Gap with another Queensland location planned for early 2025 Luke McPhee brings over two decades of industry experience including leadership roles at REA and CoreLogic where he developed expertise in real estate data and digital platforms His son Jesse has carved out his own impressive path in the industry achieving over $200 million in sales in the past three years and setting a penthouse record exceeding $10.5 million for a non-beachfront property in Broadbeach “It’s the perfect time to be opening a Belle Property in Mermaid Beach as the location still attracts strong interest in premium properties,” Mr McPhee said “My son and I aim to create a unique personable real estate service that truly connects with our clients “By cultivating meaningful relationships we aim to guide our clients through the various stages of their real estate journeys.” The McPhees will focus on the high-end market in Mermaid Beach and surrounding areas known for their premium lifestyle amenities and desirable beachfront properties Their target market includes entrepreneurs and successful business leaders looking for family-oriented communities with access to premium lifestyle amenities Belle Property Head of State Queensland David Holmes expressed confidence in the appointment “This new office addition in Queensland is a natural step in expanding our current network in the state and the country,” Mr Holmes said “Luke and Jesse’s core real estate beliefs are based on high quality premium service and continuous growth is something we value greatly and we have full confidence in their ability to establish Belle Property on the Gold Coast.” News Sitemap A classic beach house built from materials salvaged from the original Mermaid Beach Surf Life Saving Club has hit the market Timber from the old clubhouse was carted 20m up the road when it was dismantled around 1950, then repurposed for the shack at 13 Ocean St. The cottage has been extensively renovated since and will go under the hammer on November 29 with Ray White Burleigh Group agents Daniel Donovan and Conner Malan “It’s got a lot of mystery and intrigue to it,” Mr Donovan said “There’s not many old beach shacks left at Mermaid Beach now but [this one] has been beautifully restored over the years to showcase a blend of classic yet contemporary charm.” two-bathroom home would suit a young family or could be a knockdown-rebuild opportunity for the less nostalgic buyer Records show the property on a 405 sqm block with a large backyard last sold in 2017 for $1.5m and by 2021 had undergone some cosmetic improvements Timber from the old clubhouse was carted from the beach to the home site Building begins on Gold Coast apartment tower Where the most houses are being approved in Qld Meet the Gold Coast women shaking up the building industry The double-storey home has a fresh mint-coloured exterior and large balcony with polished timber floors and high raked ceilings adding to its light and airy feel living and dining zone is upstairs along with two bedrooms and a study while downstairs the third bedroom and another living space lead out to a patio PropTrack data shows the median house price in Mermaid Beach has skyrocketed 34 per cent in the past 12 months to $3.4m Features include high raked ceilings and timber floors so it’s going to be a very livable place,” Mr Donovan said “Buyers are craving lifestyle — that means close to the beach restaurants and close to retail and shopping.” Mermaid Beach Surf Life Saving Club was founded after World War II by a number of returned servicemen from Brisbane who were patrolling the famed stretch of sand while on leave The clubhouse has been replaced several times over the last 80 years and now sits on Hedges Avenue — known as ‘Multimillionaire’s Row’ for its sky-high house prices — between Montanna and Ventura Roads From the archives: the old Mermaid Beach Surf Life Saving Club and shenanigans are hitting the Gold Coast with the arrival of JUJU – a split-level venue that promises a playful blend of fine dining and Euro-inspired nightlife is the brainchild of Gold Coast locals Trent Redman and Cody Beck who have already made a mark with their lively venues in Brisbane – Su Casa One thing’s for sure about this duo: they know how to throw a good party The venue will celebrate the three key pillars in life (according to us JUJU is for those looking for more than just a meal with a stunning downstairs restaurant and a rooftop bar that beckons guests to linger summoning the night to live on after the bill arrives.  with vibrant splashes of colour and devilish dancing figures decorating the walls For those looking to get a bit devilish themselves the impressive rooftop bar and balcony is the place to be for a lively atmosphere complete with cocktails channelling the spirited vibes of Mykonos and Mexico the menu will feature Modern Australian cuisine with the star being Tommy’s Tomahawk (named rightfully after Mayor Tom Tate) and will also include steak and fresh sashimi.  “We’re really going for a vibe dining experience which we feel like no one’s really doing on the Gold Coast,” says Beck “We wanted to create a place where people in their 30s who don’t want to go into Surfers Paradise but also don’t want to go home at 8pm With plans to operate Thursday through Sunday JUJU is set to become the go-to destination with just the right splash of mischief this is one to add to your foodie bucket list By entering my email I agree to the STYLE Privacy Policy (we won't share your data & you can unsubscribe at anytime) Veteran Gold Coast developer Roberto Badalotti has revived a long-running bid to sell his Billionaire’s Row beach home The multi-level mansion at 17 Hedges Ave, Mermaid Beach is back on the market via an expressions of interest campaign with Michael Kollosche after an auction push with another agent failed to secure a buyer in 2023 Azzura Group boss Mr Badalotti purchased the home for $9m from Gold Coast Suns chair Tony Cochrane in 2007 with the property transferred three years later to Mermaid Property Group for $4.1m Mr Badalotti is listed as a director of that company whose latest project is the $3.8b Imperial Square development at Southport put the trophy home up for sale for $12.5m in 2019 and it has been on and off the market since seven-bathroom house was described in the latest listing as “the pinnacle of luxury” the property has 10m of frontage offering direct access to the sand and stunning ocean views every aspect of the property exudes luxury “The design seamlessly marries natural beauty with modern functionality offering spaces crafted for lavish entertaining and tranquil relaxation.” Key reason 25 Aussie suburbs can’t lose value Disgusting acts of bad homebuyers Sports hall of famer Sally Pearson revs up fallback plan Highlights of the four-level floorplan include open-plan living spaces leading out to a al fresco deck luxurious master bedroom and ensuite with a freestanding tub overlooking the beach There’s also a temperature-controlled wine cellar as well as an impressive kitchen fitted out with Miele appliances PropTrack data shows the median house price in Mermaid Beach of $3.4m was up a staggering 31.9 per cent since last year Stone island bench and a butler’s pantry in the kitchen THE LAUNCH OF A BOUTIQUE COLLECTION OF ONLY EIGHT LUXURIOUS BEACHSIDE RESIDENCES PROMINENCE MERMAID BEACH HITS THE MARKET Leading Southeast Queensland property sales and marketing company TOTAL Property Group has released a limited collection of eight premium private residences in new boutique apartment development Prominence now under construction in a tightly held beachside pocket of Mermaid Beach Prominence is a $35million luxury apartment building with only eight half-floor residences across four floors being developed on a prime 845sqm site at 13-15 Chairlift Avenue in Mermaid Beach with prices starting at $3.445 million TOTAL Property Group is presenting the prestige market with Prominence’s limited collection of six half-floor private residences and two penthouses with rooftop terraces in the highly sought-after beachside area Being developed by leading Queensland developer MAYD Group and under construction by EV Built all eight private residences feature expansive entertainer balconies or terraces that spill out from generously oversized living spaces designed for alfresco living Construction is well underway with construction completion due in the first quarter of 2025 Prominence’s eight private residences include two ‘beach house’ residences on the ground floor with a three-bedroom three-bathroom residence spanning 290sqm and a slightly smaller 245sqm offering three-bedrooms and two-and-a-half bathrooms These unique beach houses boast their own private pools in generous garden terraces Four half-floor residences on levels two and three include three-bedrooms a multipurpose room and three-and-a-half bathrooms in 206sqm and 207sqm floorplans The two penthouses on the top level boast 379sqm and 369sqm floorplans that include three-bedrooms a multipurpose room and three-and-a-half and four and a half bathrooms options as well as a generous 3 or 4 car spaces with rooftop terraces boasting private pools and entertaining areas Designed for the high-end owner-occupier by award-winning Plus Architecture in collaboration with international renowned interior design studio Mim Design Prominence is a boutique low-rise apartment building with elegantly curated homes that redefine coastal sophistication Managing Director of TOTAL Property Group Adrian Parsons says the signature collection of generously sized boutique apartments is perfectly positioned in terms of location quality and style to excite property buyers “A site of this quality suitable for an apartment development in Mermaid Beach is a rare find Prominence presents a very limited opportunity for brand-new apartment residences on the beachside of Mermaid which is an area mostly known for multimillion dollar beachfront homes,” Mr Parsons said “Chairlift Avenue East is a quiet pocket of Mermaid Beach on the beachside next to a nature reserve and Nobby Beach just a few metres down the road In the other direction is Nobby’s vibrant cosmopolitan hub also within a short walking distance from Prominence “Nobby Beach is one of the best beachside spots on the Gold Coast and is always a hive of activity and The Oxley 1823 has further elevated the charm with a boutique retail complete with a Village Grocer where local farmers and producers are celebrated “All this within a two-minute walk from Prominence – the location is exceptional There are very few boutique apartment developments like this on the market “The stylish architecture by Plus Architecture and sophisticated interiors by Mim Design have been specifically designed for the discerning owner-occupier with apartments complemented by generous outdoor entertaining areas that blend seamlessly with indoor spaces to extend the home Prominence has the unique position of being beachside and having park frontage which is not often found on the Gold Coast “The eight luxurious private residences will certainly meet the high expectations of the Mermaid Beach market.” Prominence is already under construction and due for completion in the first quarter of 2025 Designed to maximise natural light and air flow in response to its sub-tropical coastal location Prominence features 2.7metre-high ceilings in the living areas with floor-to-ceiling glass exterior walls accentuating premium natural timber and stone finishes throughout with gourmet kitchens featuring premium Gaggenau appliances Adrian Parsons said Prominence was designed with respect to the unique character of its location and in response to the desires of owner-occupiers considering apartment living “Prominence will deliver luxurious homes that will exceed the expectations of apartment buyers,” Mr Parsons said “A subtle and timeless coastal elegance has been achieved in the design of Prominence and we are pleased to now be able to officially launch this signature collection of private residences to the market.” Prominence in Mermaid Beach is a four-level boutique apartment building with just eight luxury private residences now selling and under construction in one of Gold Coast’s most sought-after residential beachfront locations For more information on Prominence’s limited collection of apartment residences, contact TOTAL Property Group on 1300 597 978 or visit www.prominencemermaidbeach.com.au We encourage you to like the Your Neighbourhood Facebook page to be updated on other projects or developments News articles are presented in an unbiased manner from publicly accessible information that includes referenced links for the reader to obtain any further information The facts of the proposed government projects school upgrades and development applications are based on the available information at the time of the published date with information sourced directly from company websites media releases and development application material We reference all our information at the end of the articles and promote the creators with website backlinks Contact us: mail@yourneighbourhood.com.au Explore Euroclad’s innovative standing seam panel system used at the Mermaid Beach project at Heron Avenue on the Gold Coast Discover how our high-performance roofing solution combines aesthetics and modern architectural design 06 Mar 2025 • 1m read • View Author Euroclad’s innovative standing seam panel system was selected for the Mermaid Beach residential project at Heron Avenue on the Gold Coast in Queensland. The Euramax 0.8mm aluminium cladding system delivered a high-performance roofing solution to the home, combining aesthetics and modern architectural design. Project: Mermaid Beach – Heron Avenue Home Using DecoBatten®’s latest profile on The Seaside Sanctuary Solid Nordic softwood in interior design: Sustainable solutions for joinery, flooring and wall panelling Construction of resort-style clubhouse begins at AVID’s over 50s lifestyle precinct in Fraser Coast Sign up to our newsletter for the latest industry news, products and inspiration. InDaily Queensland acknowledges the Traditional Owners of the land on which we work and live, the Turrbal, Yuggera, Yugambeh and Kombumerri people, and recognise their continuing connection to land, waters and culture. We pay our respects to their Elders past, present and emerging. Gold Coast bar baron Scott Imlach is toasting a $3.5m property deal with business partner Michael Craighead after flipping a development site they owned at Mermaid Beach who are part of the team behind Miami venue Precinct Brewing Co acquired the 820 sqm site about three years ago for a planned future project but put it back on the market with Professionals agents Andrew and Luke Henderson The ‘rare double block’ in one of Queensland’s most expensive markets offered multiple rental income streams and sold to a Victorian buyer delivering gains of $300,000 to the vendors Mr Imlach said they had planned to build villas at the site following on from their last successful project in Miami where they acquired a vacant 405 sqm block for $1.2m in 2021 and built two new homes which sold for a total of $3.75m earlier this year “We were looking at putting five townhouses across the two blocks,” Mr Imlach said but with both of us having young families we have had a change of circumstances and we are now both looking to build own own new houses.” Mr Imlach and Mr Craighead have partnered in a number of popular local eateries and nightspots Three dwellings are currently on the block The block has a wide street frontage and is close to the beach Calile Hotel inspires epic Gold Coast home How much Adrian Portelli really paid for Troy Candy’s mansion It’s official — we have the biggest homes in the world, yet more people living alone Bine and Hideaway also came under the Imlach stable while Mr Craighead owned a shop-fitting company called Coastline Builders The Mermaid Beach property at 16 and 18 Dolphin Ave comprised three dwellings across the two blocks including a two-storey original home and brick duplex pair and generating total rental income of $2,125 a week Mr Henderson said the site’s total 30m of street frontage added to its appeal for buyers looking to renovate or redevelop “It is rare to get a large parcel like this where both blocks have a wide street frontage,” Mr Henderson said normally there is a substantial structure on either side and only a single block left so this was a really good opportunity to redevelop down the track.” The popular Mr Hizola’s restaurant in Burleigh Heads Located within a short stroll of Nobby Beach and its shopping precinct the area was described as a “bustling hub providing a perfect blend of convenience and leisure” which would be further enhanced by the upcoming light rail station The new owners intended the hold the site while exploring their options Records show the property was held through the company of which Mr Imlach and Mr Craighead were both listed as directors 16 Dolphin Ave last changed hands for $1.5m in October 2021 PropTrack data shows house prices in Mermaid Beach were up 25 per cent over the past 12 months to a median of $3.29m A Brisbane-based developer is on the hunt for a future neighbour as one of two beachside homes under construction hits the market with a $7m-plus price tag Records show Graya director Rob Gray paid $3,292,500 in March for a 402 sqm site on Hedges Ave Mermaid Beach — one of Queensland’s most expensive addresses with Studio Workshop engaged to design a pair of semi-detached five-storey houses One will be retained by Mr Gray and his wife Meghan as their Gold Coast base while the other was set to be listed this week as builders turned soil at the site is the couple’s latest Glitter Strip foray after offloading their Moroccan-style mansion at Burleigh Heads for $11m “Both homes are on individual lots and have a dividing party wall so this product is very different to most others,” Mr Gray said “It is not a unit or a free-standing home.” One of the homes is up for grabs with price expectations in the high $7 millions Byron billionaire’s row site sells for $25m Property listings surge to stunning decade-high Share house’s shock offer to vulnerable renter He described the design as “signature Graya” although the project was originally created for another developer before the site changed hands after development approval was granted Each of the duplexes has a private oceanview rooftop terrace with a glass-edged pool and alfresco dining area The villas combine European and coastal styles Rocabella at 120 Hedges Ave is marketed by Whitefox Gold Coast agent Nic Whitehead PropTrack data shows house prices in Mermaid Beach were up 34 per cent over the past 12 months It is a sought-after location across the road from the beach in the Gold Coast’s most expensive suburb Vertically integrated Gold Coast developer is set to take on its biggest apartment project to date As completion approaches on the likes of Yves by Hirsch & Faigen and LAANI by Dankav, both in Mermaid Beach Big Projects' Glenelg Residences will bring the next wave of new apartments to the sought-after suburb Big Projects, led by Matthew and John Barrettt, has filed for an 11-level building on a large 2,056 sqm site at 2462-2472 Gold Coast Highway on the corner of Glenelg Avenue and opposite the Glenelg Public House rooftop amenity in the form of an infinity pool day beds and a barbecue and alfresco space The apartments will sit above a significantly activated ground plane that will home eight retail spaces at street level and a bar in the basement "This project offers the opportunity to generate appropriate higher-intensity development within the future Light Rail corridor of Mermaid Beach," BDA's submission to the Gold Coast City Council read "It will contribute to the diverse mix of residential and retail uses envisaged for the area the project will provide a memorable sculptural mid-rise mixed-use building." They said the architecture of the proposed development is minimal and hard-lined, with cantilevered concrete frames and a textured and timeless material palette of brick creating a rich and layered urban coastal effect the project looks to provide lush cascading landscaping to soften the urban context of the site and provide a harmonious place for residents and visitors to reside." The subject site is included within the Urban Footprint subject to ShapingSEQ 2023 (‘The Regional Plan’) which sets a benchmark of 161,700 new dwellings to be provided within the City of Gold Coast local government area by the year 2046 The SEQRP benchmarks that 62 per cent (100,254 dwellings) be provided in a high-rise attached format (e.g active ground level – street-facing and/or mixed-use) by the year 2046 the Town Planning Report by ZONE Planning noted "This requires the City of Gold Coast Council to provide on average 4,010 High-Rise attached dwellings on a per annum basis until the year 2046 or the equivalent of 48 x 25-storey apartment towers with 84 units each per year." Big Projects is no stranger to the area. They have approval for Cleo, a boutique six-level apartment block at 2265 Gold Coast Highway. They've previously developed Zinc at Kirra Beach The luxury Gold Coast property market continues to hit the headlines The luxury Gold Coast property market continues to hit the headlines with three of the city’s suburbs surging in value in recent years Surfers Paradise North and Mermaid Beach- Broadbeach are included in a list of the top 10 suburbs across the country with the strongest increase in prices while Surfers Paradise North was fourth and Mermaid Beach- Broadbeach took out sixth place we have concentrated on prices and growth of the top 10 per cent of the market in each suburb to get a better read on the luxury part of the market,” Ray White Group chief economist Nerida Conisbee said Luxury homes in Main Beach have nearly doubled since 2019 Surfers Paradise North experienced a similar jump with house prices hitting $6.7m Despite huge growth from Gold Coast suburbs Australia’s most expensive location hasn’t changed with Bellevue Hill taking top spot with a luxury median price of $12.2m “While the top end of the market remains relatively stable the path to luxury status is becoming more diverse,” Ms Conisbee said “While it continues to be dominated by Sydney suburbs and Melbourne’s Toorak Perth and even Canberra luxury is now seeing some of the growth in the country “Bellevue Hill and Point Piper aren’t likely to lose their crown anytime soon but the competition for top spots is becoming increasingly interesting.” MORE NEWS: Australia’s coolest pools that made a splash at annual awards Prison, bubble? Unique Aussie holiday homes to make you froth The top Queensland property hotspots getting global attention Artist impression of the La Mer tower planned for Main Beach on the Gold Coast of Ray White Prestige Gold Coast said it was no surprise the luxury property market in Main Beach had experienced such rapid growth will rival any suburb across Australia,” Mr Graham said it’s now a national marketplace here on the Gold Coast Mr Graham said more than 90 per cent of the top tier market in Main Beach was made up of Gold Coast downsizers “They’re people who have realised through Covid that they don’t need a six-bedroom riverfront home for two people “They don’t want the maintenance and upkeep of houses but still want the size and luxury of an apartment which is found in Main Beach” Billionaire mining magnate Clive Palmer has sunk more than $70 million into Queensland’s richest stretch of beachfront real estate in just six months The staggering cash splash comes after the outspoken businessman and former politician shifted focus from the Gold Coast’s manufactured millionaire’s enclave of the Sovereign Islands to its coveted coastline Palmer’s latest spend of $26m on a 993sqm vacant Hedges Ave parcel owned by PointsBet founder Andrew Fahey takes his investment along Mermaid Beach’s prized oceanfront strip to a staggering $70.95m since February 2024 Troy Dowker and Tony Velissariou handled the deal Kollosche also secured Palmer’s first Mermaid Beach buy of the year an 810sqm block on Albatross Ave formerly owned by V8 Supercars legend Clive Palmer celebrating his 70th birthday with wife Anna earlier this year splashing a whopping $28m on a triple Hedges Ave block which was marketed by Amir Prestige principal Amir Mian as “a tropical oasis” The eye-watering outlay marked a renewed focus for the state’s richest man on Mermaid Beach’s so-called ‘Multimillionaire’s Row’ where his most significant previous purchase was of a Hamptons-style mansion secured for $12m in 2018 And 70-year-old Palmer’s beachfront campaign is only expected to ramp up with local agents working overtime to put together his next big deal Palmer snapped up V8 Supercar legend Paul Weel’s home Mr Mian said Palmer had “gone straight for the top” with land value along Mermaid Beach now about $26,000 per square metre “I tried to show him some riverfront properties “The reason is obvious – there is only so much coastline and prime beachfront sites are always in high demand.” The triple block was his biggest Coast buy DJ Fisher spins beachside tower project Millennial’s rise from Centrelink to $90m in property Inside Qld entrepreneur’s epic private playground Palmer has already amassed a cache of mega mansions within the gated community of Sovereign Islands in Paradise Point His biggest buy there was $20m in 2021 for a lavish home resembling a spaceship bringing his spend across the estate to more than $40m PropTrack data shows the median house price in Mermaid Beach soared 24 per cent over the past 12 months to $3.29m making it Queensland’s second most expensive suburb behind Teneriffe Palmer owns a cache of Sovereign Islands mega mansions