#110 Corallo, Palm Beach with David Higgins, Colliers

In this episode of Market Insights, Mike Bird sits down with David Higgins, Director at Colliers Gold Coast, to discuss Corallo, Palm Beach – Changfa Group’s latest residential project in the heart of Palm Beach.

With a prime location on Palm Beach Avenue and architecture by Plus Studio, Corallo delivers a boutique collection of apartments designed for lifestyle buyers who want to be close to the surf, local amenity and the village heart.

A-grade design in a blue-chip location

Changfa Group have steadily built their reputation on the Gold Coast over the past six years, including the highly successful Lyra project at Hope Island. With Corallo, they’ve turned their focus to Palm Beach, securing a rare corner site in the heart of the village.

“Sites like this don’t come up often,” Higgins explained. “You’ve got the old Palmy Hotel next door, the supermarket within 150 metres, and the ocean right there. It’s blue-ribbon real estate in a true walkable location.”

Partnering with PLUS Studio for both the external design and interiors, Changfa have delivered a building that combines contemporary coastal style with functional layouts tailored to the southern beaches market.

Buyer demand in the southern beaches

Palm Beach is part of the broader Southern Beaches precinct, stretching from Miami through to Coolangatta. This region has become one of the most desirable residential destinations on the Gold Coast, with strong local demand and a steady downsizer market.

According to Higgins, while the Gold Coast overall has seen demand soften since the peak of COVID, southern beaches remain highly active:

• Around 25% of all new projects currently on the Gold Coast are in the southern beaches.
• Two-bedroom apartments remain the strongest source of enquiry, making up over 60% of buyer demand across the region.
• Downsizers and end-users continue to drive interest in larger three-bedroom residences, particularly in boutique-style buildings like Corallo.

Product mix and pricing

Corallo offers a carefully balanced product mix across its 105 residences:

• Just over 60% two-bedroom apartments, the market’s “bread and butter”
• Around 25% three-bedroom apartments, including four penthouses
• A smaller proportion of one-bedroom apartments, generally positioned on the hinterland side of the building

Importantly, more than 65% of apartments feature ocean views, thanks to the corner site and orientation.

As of September 2025:

• Two-bedrooms start from $1.35M
• Three-bedrooms from $2.3M
• Penthouses and premium residences sit at the top of the range

Amenities and lifestyle offering

Corallo combines its premium location with a well-curated amenity offering for residents.

Highlights include:

• A ground floor with 300m² of retail and 650m² of commercial space
• A podium-level residents’ area featuring a lap pool on the north-east corner, sauna, steam room and gym
• Outdoor barbecue and entertaining facilities with sweeping coastal views

“It’s a beautifully coastal, luxurious offering for a building of only 105 apartments,” Higgins said. “Pair that with the surrounding village amenity and the beach at your doorstep, and it’s a very compelling proposition.”

Palm Beach’s growth story

The Palm Beach market has seen strong capital growth over the past five years, supported by both locals and interstate buyers. Projects in the precinct, such as Drew Group’s development across the road, have sold quickly and delivered strong returns for purchasers.

As Higgins put it: “This is a very residential market. Locals want to stay here, and interstate buyers recognise the lifestyle on offer. With limited supply in the village core, Corallo is positioned perfectly to meet demand.”

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