Cian English,19,has been named as the victim. Police said his family in Brisbane have been left"shattered".
The 19-year-old man's body was found at the base of the View Avenue apartment complex in Surfers Paradise.
The 19-year-old man was found dead outside a Surfers Paradise apartment complex early on Saturday,with four others taken to hospital over drug-related issues.
A young woman accused of stabbing a man to death on a Gold Coast footpath will remain behind bars charged with murder.
The mother of the victim,Nicholas Braid,described him as"charismatic,stunning,stylish,witty and irreverent".
The mother of the dead man described the former law student as"charismatic,stunning,stylish,witty and irreverent".
Police set up roadblocks in surrounding streets and they tried to round up everyone who had fled the scene.
Members of the public alerted police to the incident,with a woman allegedly seen being dragged into a vehicle about 10pm on Wednesday.
Police say the sedan the pair were travelling in was headed south through Surfers Paradise on about 7.30pm Monday when the collision occurred.
Police have arrested a 62-year-old man in relation to the 1992 murder,a significant breakthrough in the cold case after a renewed push from detectives last year.
An 18-year-old had been standing on the Surfers Paradise balcony when police allege a gun was fired from a neighbouring unit,hitting him in his left upper-arm.