Plans lodged for rare resort-inspired Surfers Paradise development

Homecorp has unveiled plans for a rare resort-inspired project in one of the Gold Coast’s most sought-after destinations, marking the next major move in its expansive $3 billion property portfolio as demand continues to soar for premium, yet attainable apartment living across the city.

The Gold Coast City Council has received a development application for a striking, architecturally designed 25-storey residential landmark at 24 Monte Carlo Avenue, set within a lush riverside enclave just minutes from Broadbeach and Surfers Paradise.

The project will comprise 116 spacious two-, three- and four-bedroom apartments, offering elevated coastal living complete with sweeping 360-degree views, from the coast’s world-renowned beaches to the breathtaking expanse of the Hinterland.

Featuring a suite of premium, lifestyle amenities, residents will enjoy a dip in a luxury resort-style pool and spa, green gardens, landscaped communal sitting areas and an exclusive residents’ lounge designed for relaxation and connection. Parking provisions include 148 car spaces and dedicated bicycle parking for both residents and visitors.

“We are creating a distinctive benchmark for the Gold Coast’s skyline, an architectural statement inspired by the beauty of its natural surroundings and vibrant urban setting. At Homecorp, our vision is to create inspiring, future-focused communities where people belong and no detail has been spared in bringing that vision to life,” said Ron Bakir, CEO of Homecorp.

“This is an exceptional site with a rare combination of features that made it an unmissable opportunity. With seamless access to the Gold Coast Light Rail, moments away from vibrant retail hubs, dining precincts and the coastal foreshore, it offers an unrivalled opportunity to change the game, challenge the status quo and deliver something truly iconic.”

Ron said Homecorp’s confidence in the region remains strong, supported by a consistently outperforming market amid new projections from the Gold Coast City Council, which show the city’s population is expected to surpass one million by 2040, driven largely by interstate and overseas migration.

"The strong demand for housing on the Gold Coast has continued to grow, as Southeast Queensland remains one of the most desirable pockets to live in Australia, offering a rare blend of lifestyle and liveability from its coastal charm, world-class amenities, transport links and major infrastructure currently underway. 

“This project has been thoughtfully crafted to capture that unique appeal, delivering a diverse collection of homes tailored to suit everyone, from growing families and downsizers to investors attracted by the region’s enduring growth potential,” said Ron. 

The 1500 square metre site acquisition adds to Homecorp’s growing Gold Coast multi-storey portfolio, following the success of Eve Residences in Labrador along the northern end of the city’s most prominent waterfront strip. Completed in November 2024, the Marine Parade project redefined luxury living in the area and established a new era of design excellence for the famed ‘golden mile’.

Earlier this year, Homecorp also broke ground on its $250 million second stage of Cienna Varsity Ridge, following the success of the completed Stage One in 2023. Stage Two is set to bring 289 apartments to the Gold Coast by 2027.

Homecorp is one of Australia’s most active developers of house and land communities, with a pipeline spanning Queensland’s northern coastline through to South Australia, and is set to break ground in Victoria later this year. Their growing portfolio is designed to meet the demands of thriving markets and provide exceptional value to buyers nationwide. 

The apartments in Surfers Paradise along Monte Carlo Avenue are set to launch to the market later this year.

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