Presenting a rare 1,215sqm triple-lot assembly at 18-22 Norman Street within the sought-after Southport PDA. Just metres from the Broadwater, this premier site features current Development Approval for a 32-storey, 151-apartment tower and provides a strong $187,720 annual holding income. Expressions of Interest close October 22nd.
- Property Type: Residential
- Sub-type: Apartment Sites
- Land Area: 1,215 sqm (*approx)
- LGA: Gold Coast City
- Selling method: EOI Contact Agent
- EOI Closing Date: 22 Oct 2026 05:00PM
SOUTHPORT PDA DEVELOPMENT SITE
- 1,215SQM TRIPLE-LOT ASSEMBLY*
- Current DA approval for 151 apartments
- Strong holding income of $187,720 per an
18, 20 & 22 Norman Street, Southport
Expressions of Interest Closing Thursday 22nd October at 5pm (unless sold prior)
SOUTHPORT PDA DEVELOPMENT SITE – 1,215SQM TRIPLE-LOT ASSEMBLY*
An exceptional opportunity to secure three contiguous sites in the heart of Southport, metres from the Broadwater. The property is offered as a consolidated development parcel with an approved 151-apartment development and a strong holding income of approximately $187,720 per annum.
Comprising 18, 20, 1/22 and 2/22 Norman Street, the property provides a rare 1,215sqm landholding across three adjoining 405sqm lots*, positioned within the Southport Priority Development Area (PDA).
The property benefits from current development approval PDA/2024/29, providing for a 32-storey residential tower comprising 151 apartments, 163 car spaces and a total approved height of approximately 102.5 metres.
The current approval represents a significant uplift from the property’s previous approval, which provided for 68 apartments across approximately 14 storeys, with 89 car spaces and an approximate 45-metre building height.
The existing improvements provide a strong holding income while the approved development opportunity is progressed, with a supplied rental schedule indicating $187,720 per annum in scheduled rental income*.
Key Highlights
• 1,215sqm combined landholding*
• Three contiguous 405sqm lots offered in one line*
• Current DA approval for 151 apartments
• 32-storey residential tower
• 102.5m approved building height*
• 163 approved car spaces
• Previous approval for 68 apartments
• Strong holding income of $187,720 per annum*
• Southport PDA location
• Blue-chip position close to the Broadwater
• Minutes to Southport CBD and Australia Fair
• Close proximity to light rail, major health and education infrastructure
Strategically positioned within one of the Gold Coast’s most established and evolving urban corridors, the property is located close to the Broadwater, Southport CBD, light rail, major retail destinations and the Gold Coast’s key health and education precincts.
Southport continues to benefit from significant investment in transport, infrastructure, residential and commercial development, reinforcing its position as the Gold Coast’s traditional CBD and a major employment and services hub.
Opportunities to secure a triple-lot development holding of this scale within the Southport PDA, with an existing approved 151-apartment scheme and established holding income, are increasingly rare.
Expressions of Interest Closing Thursday 22nd October at 5pm (unless sold prior)
Contact the exclusive agents for a full Information Memorandum.
*Approximately. Development approval and associated plans are subject to the conditions of approval. Rental income based on supplied rental schedule and subject to confirmation. Prospective purchasers should undertake their own independent due diligence.
18–22 Norman Street, Southport is a consolidated 1,215sqm (approx.) development site on the Gold Coast, made up of three adjoining 405sqm lots (18, 20, 1/22 and 2/22 Norman Street). It holds a current approval (PDA/2024/29) for a 32-storey, 151-apartment residential tower with 163 car spaces, approximately 102.5m high — more than double the site’s previous approval of 68 apartments over about 14 storeys. The existing buildings generate scheduled rental income of approximately $187,720 per annum, giving a buyer holding income while the project progresses. The site sits inside the Southport Priority Development Area (PDA), the State-declared Gold Coast CBD, within walking distance of the Broadwater Parklands, Australia Fair and the G:link light rail. It is offered for sale by Expressions of Interest closing Thursday 22 October 2026 at 5:00pm (unless sold prior).
Key facts at a glance
| Item | Detail |
|---|---|
| Address | 18, 20, 1/22 and 2/22 Norman Street, Southport QLD 4215 |
| Property type | Residential development site (apartment site) |
| Land area | 1,215sqm approx. (3 x 405sqm lots) |
| Planning | Southport Priority Development Area, City of Gold Coast |
| Approval | PDA/2024/29 — 32 storeys, 151 apartments, 163 car parks, ~102.5m |
| Previous approval | 68 apartments, ~14 storeys, 89 car parks, ~45m |
| Holding income | ~$187,720 p.a. (per supplied rental schedule, subject to confirmation) |
| Sale method | Expressions of Interest |
| EOI closing | Thursday 22 October 2026, 5:00pm (unless sold prior) |
| Architect (approved scheme) | Plus Studio (as listed on apartments.com.au, project name ‘Malua’) |
Potential uses for the property
1. Build-to-sell apartment tower (as approved). The most direct path: deliver the approved 151-apartment tower and sell off the plan. Southport unit values rose 11.6% in the year to Q2 2026 (median $815,000), which supports pre-sale pricing and feasibility.
2. Build-to-rent (BTR). With Southport’s rental vacancy at around 0.9% (June 2026) against a Gold Coast average of 2.2%, a single-owner rental tower of 151 apartments is a credible alternative for institutional or private-capital buyers seeking long-term income rather than a sell-down.
3. Land bank with holding income. A buyer can hold the site, collect roughly $187,720 a year from the existing improvements, and time construction to market conditions — or to the lead-in to the Brisbane 2032 Games.
4. Joint venture or development partnership. The approval de-risks the planning stage, making the site attractive to developer–landowner JVs, private equity, or offshore capital looking for an approved Gold Coast CBD project.
5. Redesign or amended approval. Buyers may explore changes to apartment mix, a mixed-use podium (retail, café or medical suites at ground level), or a different product such as serviced/short-stay apartments. Any change would need assessment by the City of Gold Coast under the Southport PDA Development Scheme.
6. Approved-site resale. Some buyers will look to add value through finance, pre-sales or design refinement and sell the site on to a builder-developer.
Why Southport is a strong location to invest
It is the Gold Coast’s designated CBD. Southport was declared a Priority Development Area on 4 October 2013 (198.3ha) with the stated purpose of delivering the Gold Coast Central Business District. The PDA framework supports high-density residential, commercial, retail, education and community uses — which is why a 32-storey approval is possible on a 1,215sqm site.
Tight rental market. Southport’s vacancy rate sat at 0.9% in June 2026, well below the Gold Coast average of 2.2% (PRD). Median house rent was $860 per week.
Unit values are outperforming. Southport’s median unit price reached $815,000 in Q2 2026, up 11.6% year on year, with average days on market around 20 — a historic low (PRD).
Sustained population growth. The Gold Coast is forecast to grow from about 722,000 people in 2026 to around 903,000 by 2046, requiring roughly 94,000 more dwellings over that period (.id forecasts). Southport has the most remaining housing capacity in the region, positioning it to absorb much of that growth through higher-density living.
Transport and lifestyle. The site is roughly 600m from the G:link light rail, under 500m from the Broadwater Parklands, and under 1km from Australia Fair Shopping Centre, St Hilda’s School and medical services.
Health, education and employment. Southport sits close to the Gold Coast Health and Knowledge Precinct, including Gold Coast University Hospital and Griffith University — major employment anchors that drive steady rental demand from professionals, health workers and students.
Brisbane 2032 Olympic and Paralympic Games. Broadwater Parklands, a short walk from the site, is a proposed venue for the Olympic triathlon, marathon swimming and Paralympic triathlon (temporary seating for up to 5,000). Note: the venue plan has been under review, so this should be referenced as ‘proposed’.
Frequently asked questions
What is approved at 18–22 Norman Street, Southport? A 32-storey residential tower with 151 apartments and 163 car spaces, approximately 102.5m high, under approval PDA/2024/29.
How big is the site? Approximately 1,215sqm across three adjoining lots of about 405sqm each.
Does the property generate income now? Yes. The existing improvements return approximately $187,720 per annum (based on a supplied rental schedule, subject to confirmation).
How is the property being sold? By Expressions of Interest, closing Thursday 22 October 2026 at 5:00pm, unless sold prior. A full Information Memorandum is available from the exclusive agents.
What zoning applies? The site sits within the Southport Priority Development Area. Development is assessed by the City of Gold Coast against the Southport PDA Development Scheme.
Why invest in Southport? It is the Gold Coast’s designated CBD, has a rental vacancy rate of around 0.9%, unit values grew 11.6% in the year to Q2 2026, and it sits beside light rail, the Broadwater and major health and education infrastructure.
Buyer considerations and due diligence
- Confirm approval conditions, currency (lapse date) and any infrastructure charges payable under Council’s adopted charges.
- Verify the rental schedule, lease terms and expiry dates against the existing tenancies.
- Test feasibility against current construction costs, which remain elevated in South East Queensland.
- Review site constraints (flooding, services, easements, heritage, acid sulfate soils) and title for each lot.
- Seek independent legal, financial and planning advice. Figures above are approximate and drawn from the listing and public sources.