Independent property market research rates Burly apartments as unique opportunity not to be missed as supply on Gold Coast forecast to fall.
A property market report on Burleigh Heads and the Gold Coast by leading independent analyst Paul Broad is giving buyers a clearer understanding of the region’s unique market conditions and how new apartment developments are stacking up.
Broad Property Market Research looked at the luxury beachfront apartment market at Burleigh Heads and across the Gold Coast, to rate premium oceanfront apartment development Burly – soon to be released to the market – as a “unique opportunity not to be missed”.
Burly is a $480million luxury apartment development planned for a large prominent 2024sqm site with 40 metres of frontage at 264-266 The Esplanade, being delivered by leading Australian property developer David Devine and his team at DD Living. Mr Broad said David Devine’s reputation as a leading developer was one of the “signposts of quality” property buyers were looking for when buying into new developments. “The depth of the market for top-end properties in Burleigh Heads and across the Gold Coast as a whole is extensive,” Mr Broad said.

“Whilst there are many new apartment developments currently being advertised on the Gold Coast, increases in construction costs, the difficulty in sourcing building materials, labour shortages, and question marks about the viability of several building firms lead us to believe that many proposed developments will not see the light of day; at least four new Gold Coast developments that had been heavily marketed only recently have now been withdrawn.
“DD Living has an extensive history of delivering high-quality, well-positioned apartments and has gone to great lengths with Burly’s design to meet all the aspirations of high-end beachfront apartment buyers. Apartment buyers will appreciate a strong level of comfort that the building will be completed on time and to the requisite standard, despite the difficult conditions currently facing Australia’s construction industry.”
Originally published by Louise Carroll Marketing in The Prestige Property Magazine. View article online here.