Palm Beach development wave builds interest

Palm Beach development wave builds interest

Palm Beach once had a reputation as a sleepy, slow-paced beachfront suburb, known for low-key family camping holidays and a far cry from the bright lights and night life of Surfers Paradise and the Gold Coast’s glitter strip.

In recent years, Palm Beach has come into its own, fueled by the change in its resident demographic and appeal to more tourists, locals and young families making Palm Beach a highly desirable Gold Coast location.

With a series of high profile developers moving to snap up prime real estate in the pristine coastal suburb – which has earned the title of Queensland’s Cleanest Beach over two consecutive years – Palm Beach on the Gold Coast is now very much on the map as a must-visit destination.

The most recent news on the development front is the move by Onyx Property Group to buy the Caltex service station site on the beach side of the Gold Coast Highway, which settled last month.

With projects in Brisbane and northern Gold Coast suburbs, this is the furthest south the Onyx Property Group have ventured on the Gold Coast, signaling confidence in the suburb as the new “it” area on the Coast for tourism and lifestyle developments.

It’s no surprise, with last year’s groundbreaking move by Sunland to purchase the former site of the Palm Beach Mobile & Tourist Park, which it has flagged for plans to build a $136 million residential and community development on the 4.7ha site.

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