It attracted international media attention during last year's Commonwealth Games and now the urban paddock in the centre of the Gold Coast is in the news again.

The 25-hectare parcel, known for housing 100 head of Charolais cattle, has been brought to market, with real estate investment bank, Moelis Australia appointed to manage an expressions of interest campaign, in conjunction with Savills.

At a glance: 

• Urban paddock in the Gold Coast known as 'the cows' is being brought to market.
• Savills and Moelis have been appointed to manage the expressions of interest campaign. 
• The 25-hectare site has received preliminary approval for a $2 billion, 11-tower village comprising of more than 1500 dwellings.

Positioned on the doorstep of major arterial roads leading north and south, the landmark waterfront site has received preliminary approval from Gold Coast City Council for a $2 billion, 11-tower village comprising of more than 1500 dwellings.

The Clear Island Waters site is owned by a subsidiary of the JLF Corporation, whose development vision included towers ranging in height from four to 19 storeys, allowing for a gross floor area of 172,658 square metres.

An artist's impression of the site. Source: JLF Corporation.

Savills director Kevin Carmody described it as one of the "most anticipated" listings he'd seen on the Gold Coast.

“We’re very interested to see the parties come forward during the campaign," he said. 

“For either a development partner or outright buyer, there’s significant scope for them to put their own stamp on the site, harnessing the existing approvals in place.”

Data from Urbis released last week found new apartment sales on the Gold Coast increased 24% over 2018 with the apartment sale price also increasing $100,000 to more than $700,000.

Savills Sales Executive James Stevenson said the last three property cycles had shown the city’s market follows the booms of Sydney and Melbourne, where growth has now ended. 

“Students of property know, the Australian market has a cyclical history with price growth on the Gold Coast routinely trailing the Sydney and Melbourne booms," he said.

"With values cooling in the southern capital cities, attention now turns to the Gold Coast where Commonwealth Games infrastructure, population growth, Asian visitation and pursuit of lifestyle has already supported price growth."

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