- Two Hope Island developments sell out, another Kirra Beach development lodges application
- Average Gold Coast asking price, according to SQM Research, is over $830K
- Stock on market for Gold Coast is around 2,800, Brisbane is 22,579
As if to emphasise the continued strength of the Gold Coast apartment and townhouse property market, two Hope Island developments have announced they have sold out, and another new development, further south on Kirra Beach, has lodged its application.
In Hope Island, the Park Cove development created by Brisbane-based Keylin has officially sold out its five stages, following the release of the final stage. The collection of 80 villas, 31 parkside terraces and 16 waterfront homes were launched in November 2016.
“Being in close proximity to cafes, restaurants and the waterside lifestyle that Hope Island is known for is something that we found especially attractive while looking for land up and down the Gold Coast.”
Buyers Mark and Chikiko Ede
Louis Cheung, director of Keylin, said that the final stage of Park Cove was the last chance to purchase undeveloped land within the project.
Meanwhile, Hope Island’s $30 million retreat-style residential project, Palladium, has also sold out of its collection of villas just as the first stage of construction has been completed.
Also delivered by Keylin, Palladium offers 39 luxury villas on a waterfront site, which were popular with downsizers seeking low maintenance lifestyles.
Buyers of the first stage villas have commenced settlements and started moving in.
“We had been looking around at a few properties in the area, but we immediately loved the style, feel and look of the Palladium townhouses. From the moment we saw it, it was just spectacular.” said local buyer Iain Martin-Blakey.
All 39 villas will have access to a waterfront boardwalk that connects to nearby cafes, restaurants and shops at the Hope Island Marina Shopping Centre.
At the other end of the Gold Coast, on Kirra Beach, developer Cru Collective, fresh from completing their Palm Beach project Siarn, has lodged a development application for a collection of full-floor apartments on the beachfront.
Plans include eleven full floor, beachfront units with 3-bedroom, 4-bathroom floorplans and 280 sqm of internal living areas.
“We have worked extremely hard to ensure our product meets the expectation of the sophisticated buyer, reducing the volume of apartments and raising ceiling heights to deliver spacious living typically reserved for standalone houses,” said Cru Collective Managing Director Chris Bolger.
“Since we acquired the site in April we have received an astounding amount of interest in the product which spurred us to lodge the DA for what will be a striking addition to the Kirra beachfront.”
Chris Bolger, Cru Collective
Residents will receive 30 metres of north-facing beach frontage, with wrap-around windows providing views from Rainbow Bay to Stradbroke Island and the hinterland.
Construction set to begin earlier next year with completion expected in mid-2023.