Palm Valley Gold Coast, the 56-hectare surf, golf and hospitality precinct at Parkwood, has been awarded $4 million from the Queensland Government’s Tourism Icons Investment Fund.

At the heart of the project is the Endless Surf ES48 lagoon which delivers single-peak rides of up to 24 seconds.

Beyond the lagoon, Palm Valley will deliver an 18-hole golf course, a hospitality precinct featuring multiple dining, entertainment and event venues, four dedicated event spaces capable of hosting business, sporting and cultural events, and high-performance training facilities designed to support the next generation of surfers and athletes.

Construction commences this year. The public opening is targeted for 2028.

Palm Valley will support more than 1,000 jobs directly and indirectly across construction and operations, attract over 900,000 visitors in its first year, deliver more than $277 million in new visitor expenditure to Queensland each year, and contribute over $96 million annually to the Gold Coast economy.

Mick Fanning, Project Partner and three-time World Surfing Champion:

“This funding is the Queensland Government backing our vision for surf and the Gold Coast. Surf is at the heart of Palm Valley, with golf, hospitality and events built around it. It is going to be something the whole community can be proud of.”

Luke Altschwager, Managing Director, Parkwood Village:

Mr Altschwager said the Palm Valley Gold Coast project would transform Parkwood Golf Club into a premier resort destination, featuring an Endless Surf ES48 wave pool, hospitality, entertainment, event facilities, and upgraded golf facilities.

“We thank the Queensland Government for this funding, which will allow us to deliver a unique blend of surf, sport, and hospitality, attracting visitors from across Queensland and beyond.”

“The project will create jobs, support local businesses, and enhance the Gold Coast’s reputation as a world-class tourism destination.”

About the Tourism Icons Investment Fund

The Tourism Icons Investment Fund (TIIF) is an $80 million Queensland Government program designed to support the development of infrastructure, attractions and experiences that exceed expectations, create jobs and help more tourism-related businesses to grow. The Fund forms part of the State’s Destination 2045 strategy.