Broadbeach Leads Renaissance As Developments Rise From Building Sites And Eateries Open

DEVELOPERS and homeowners have warmed to Broadbeach’s family friendly nature as it looks to take heat off traditional hub Surfers Paradise.

Leading national demographer Mark McCrindle said Broadbeach stood out from Surfers Paradise because of its buoyant property values and less dense development.

But he said level of development in the area would bring it into line with the party precinct within 20 years.

“With Surfers Paradise leading in terms of housing costs and heavy densification, we are now starting to see a spill over into Broadbeach,” he said.

“Broadbeach has a lot going for it, with better access to the airport, a major shopping centre and the casino, so it is a surprise (the development boom) did not happen earlier.

“Right now it offers a different experience from what you can get in Surfers Paradise.”

UDIA Gold Coast boss Finn Jones said Broadbeach was in an “idyllic position” because it was separate from the Surfers Paradise party precinct, had its own range of attractions and was closely connected by the light rail.

“We have seen a real renaissance from the central and southern suburbs going all the way down to Palm Beach and Broadbeach has led the way because it is in an accessible spot,” Mr Jones said.

“People love Broadbeach and they want to live there as it changes, which makes it similar to Main Beach and what is starting to happen there too.

“It is an area that has all these developments but is also still about neighbourhood, residents and lifestyle opportunities.”

Planned projects

Jupiters Hotel and Casino

General pictures of developments currently under construction on the Gold Coast — Jupiters Casino extension Photo: David Clark
(Casino Drive, Broadbeach)

Developer: Star Entertainment Group

Cost: $870 million

Finish date: First stage will be completed in early 2018, further towers to follow

No. of Jobs: 1000

Kurrawa Surf Life Saving Club

Gold Coast Highrise developments as well as the new Kurrawa Surf Life Saving Club — Tayla Smith from the Kurrawa surf club Photo: David Clark
(Old Burleigh Road, Broadbeach)

Developer: Kurrawa SLSC

Cost: $15 Million

Finish Date: Early 2018.

No. of Jobs: 80

Jewel

The Jewel Development Photo: David Clark
(Old Burleigh Road, Surfers Paradise)

Developer: Wanda Ridong Group

Cost: $1 billion

Finish Date: First tower due in 2019

No. of Jobs: 2700

Avani

The Coast’s newest hotel under construction at Broadbeach Photo: David Clark
(Gold Coast Highway, Broadbeach)

Developer: Minor Hotels

Cost: $150 million

Finish date: Early 2018

No. of Jobs: 500

The Park

The Park Photo: David Clark
(Markeri Street, Mermaid Beach)

Developer: Nu-Dev

Cost: $30 million

Finish date: 2017

No. of Jobs: 450

Pipeline project:
Rosewood (APPROVED)

Earmarked to replace a decaying eyesore, the approved Rosewood tower

is 41 storeys and features 144 apartments and 40

serviced apartments.

Albert Ave tower (APPROVED)

A mixed-use development will feature two towers of between 35 and 28 storeys

and will stand on the Niecon Plaza.

Source: Gold Coast Bulletin 17 December 2016

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