Amidst rising construction costs and uncertainty regarding new projects, the Gold Coast real estate market is witnessing a significant uptick in demand for already-built properties. The Dawn Penthouse at Mermaid Beach stands out as a prime example of luxury living, boasting stunning beach views and high-end features such as four bedrooms and three and a half bathrooms. Real estate experts, including Ryan Ward from Kollosche Real Estate, underline the appeal of purchasing completed homes, as buyers value the ability to see and feel their investment. With Queensland experiencing a notable 1. 2 percent increase in construction costs, the risk associated with new builds is prompting buyers to seek established properties.

This shift in preference has made pristine homes the most sought-after commodity in the current economic climate. The Gold Coast's unique blend of beach and city lifestyles further enhances the allure of its real estate offerings. As the market adapts to these challenges, the focus on luxury and certainty becomes increasingly pronounced. This trend not only reflects the immediate concerns of buyers but also sets the stage for the future of real estate in the Gold Coast region.