Momentum in the Building
Since launching to market eight months ago, we sold 113 of 194 units in the first 24 hours the portal opened. Since then, roughly 35 purchasers have exited their contracts for personal reasons, and we’ve resold nearly all of that returned stock within 24 hours of it coming back to market.
We’re currently sitting at 48% of the 50% cap on total sales permitted during the presales phase. Contracts are progressing quickly and we expect to be a few weeks from having them ready for review, at which point the presales round will officially close.
If you’re an existing buyer considering a second purchase at current presales pricing, or would like to refer a friend or family member, now is the time to reach out to the team directly.
Builder announcement coming soon. This milestone will land alongside contracts being ready for review, and will effectively close out the presales window. Our construction funder and builder are meeting for final sign-off in the next two weeks, so this window is closing.
Gold Coast supply squeeze continues, even as government moves to unlock new land
The Queensland Government has just committed $146 million in infrastructure funding to help fast-track more than 18,900 future homes across the Gold Coast, as part of round two of its Residential Activation Fund. It sounds like a big number on the surface, but it’s worth reading the fine print before assuming it eases pressure on established, well-located property like One Park Lane.
A few things worth noting for our buyers:
- The money isn’t building homes. It’s unblocking them. Rather than directly funding construction, the investment removes infrastructure barriers like sewerage, roads and electrical works, along with a major upgrade to the Merrimac Sewage Treatment Plant, that have been holding back development in growth corridors.
- It’s targeted at outer growth corridors, not the Broadwater. The funding is directed at Worongary, Robina, Pimpama, Coomera, Upper Coomera and Parkwood. None of these compete directly with a Broadwater-fronting position like OPL.
- Timing matters more than headline numbers. Unlocking capacity for 18,900 homes doesn’t mean 18,900 completed homes are about to hit the market. Infrastructure delivery, approvals, feasibility and construction capacity all affect when supply actually arrives.
- The Gold Coast isn’t one market. New greenfield housing in Coomera or Pimpama is likely to have a very different effect on prices than new apartment supply or established property in constrained, central and coastal locations.
The takeaway for our buyers: this is a genuinely positive infrastructure story for the Gold Coast’s long-term growth, but it’s largely aimed at land supply in the outer suburbs. It doesn’t change the fundamentals for a tightly held, Broadwater-facing site like One Park Lane, where new competing supply simply isn’t coming.
The Real Story: SEQ Can’t Build Fast Enough
While $146M in new infrastructure funding sounds significant, it’s worth putting it against the actual supply-demand gap across South East Queensland, because this is the number that really matters for long-term value at One Park Lane.
The build target vs. reality:
- Under the current SEQ Regional Plan, Brisbane alone is required to deliver around 8,000 attached dwellings per year to 2031, and more than 7,100 per year beyond that. The region has delivered less than half of this target every year since 2019.
- Nationally, the Housing Accord’s target is 240,000 completions a year. Actual completions came in at only 173,400 homes for the year to March 2026, which is 28% below the required run rate.
- Queensland’s shortfall is among the most severe of any state, alongside NSW.
- Looking specifically at underlying demand for detached and attached product across the region, SEQ detached housing is currently absorbing around 21,829 lots a year. With land constrained the way it is, that’s only about 2.8 years of already-approved supply left at the current rate.
Population growth isn’t slowing to match:
SEQ’s population is forecast to grow by roughly 2.2 million people by 2046, reaching around six million residents. That growth is landing on a construction sector that hasn’t been able to build fast enough for years, not just recently.
What this means for One Park Lane:
Even as government funding works to unlock new greenfield land in outer corridors, the actual delivery of new housing (especially well-located apartment stock) continues to run well behind population growth. That gap is structural rather than cyclical. Labour shortages, high construction costs and a wave of builder insolvencies across Queensland have made new supply hard to bring to market regardless of demand.
For a Broadwater-front position like One Park Lane, this works in buyers’ favour. Even in a softening broader market, genuinely scarce, well-located new stock tends to hold and build value differently than commodity greenfield supply, simply because there’s nowhere near enough of it being built to meet demand. That isn’t changing anytime soon.
A Teaser: Life on the Broadwater
Given One Park Lane’s position moments from the Gold Coast Broadwater, with views over some of Australia’s most prestigious marinas, we’re exploring an optional yacht access package for OPL buyers, ranging from one or more cruiser-style vessels through to a larger 50–60ft yacht.
This would sit as an optional upgrade, either within or separate to your purchase contract. More details will follow soon, and we’d welcome your feedback as we shape the offering.
