Gold Coast takes the cake in Queensland property market

by Mackenzie McCarty11 Dec 2012

The Gold Coast property market shone this year, comprising the top five most expensive homes sold in Queensland – and three of the top five units.

Brisbane only accounted for two dwellings on the list, both apartments in Newstead, according to new information from the Real Estate Institute of Queensland.

A three-level waterfront home at Sanctuary Cove, sold for $12 million, made for the state’s most expensive house sale, while a five-bedroom home on the Nerang River came in second, at $9.5 million.

The most expensive apartment sold at Surfers Paradise to a Malaysian buyer for $6 million.

According to the report, the number of house sales worth $1 million-plus rose 44% in Brisbane, mirroring the rest of the property market.

However, sales of $1 million-plus units dropped 23% in the past quarter and were down 5% for the year.


Top selling houses in 2012


$12m, Anchorage Tce, Hope Island

$8.75m, Shearwater Esp, Runaway Bay

$6.75m, Southern Cross Dve, Surfers Paradise

$6.1m, Southern Cross Dve, Surfers Paradise


Top selling units in 2012

$6m, The Esplanade, Surfers Paradise

$5.85m, Newstead Tce, Newstead

$4.62m, Northcliffe Tce, Surfers Paradise

$3.75m, Macquarie St, Newstead

$3.6m, Surfers Paradise Blvd, Surfers Paradise




  • by Eltonn 12/01/2013 8:12:00 PM

    Dave Whitney - Hey mate, Finally got a chance to read your blog. Congrats mate and yes i know what it’s like to finsih a stage race when you've never done one before and don't know what to expect.Timor did the same for me as the legendary Epic did the same for you (except the epic was another three days longer and maybe 1 or 2 more hills lol). Will have to conquer this race one day mate but how good does it feel to finsih and reflect on all the good times. Makes it totally worth it! Congrats again and looking forward to another ride sometime at Nerang. Nice pics too mate.Dave