Burleigh 88
Burleigh 88 is located along the highly sought-after Esplanade precinct. Image Supplied.
  • The average price tag for apartments in the development is $2.65M
  • All buyers so far have an existing connection with Burleigh Heads
  • Tower will be home to 31 residences across 17 floors

The strong demand for luxury Gold Coast apartments shows no signs of slowing down.

$55 million worth of apartments at Allure Property Corporation’s 88 Burleigh project have been sold in the past four weeks alone – equating to an average price tag of $2.65 million each.

The demand has stunned Bruce Goddard of Place Projects, who launched 88 Burleigh to the market on 13 March this year, adding all buyers so far have an existing connection to Burleigh Heads.

“The interest has been nothing but stunning with more than half the building secured in a fortnight from 360 enquiries,” said Mr Goddard.

“Buyers all know Burleigh well, so we are preaching to the converted.”

“The interstate buyers from Melbourne and Sydney all have some existing connection with Burleigh Heads as previous or existing investors, and this is the same from Brisbane.

“Gold Coast buyers make up about 60 per cent of the latest purchases with many of these upgrading from existing apartments along The Esplanade or local buyers downsizing from homes within the Burleigh locale.”

Bruce Goddard, Place Projects

The project is currently the only Esplanade apartment project on the market, with all the others now sold out, highlighting the demand for the precinct.

“We believe the launch has been timed impeccably to take advantage of the incredible demand for beachfront living in Burleigh, which is undoubtedly the most active residential beach precinct in the country,” he said.

“But let’s not forget the incredible offering, magnificent luxury three-bedroom homes which have been designed by the renowned architects DBI and are tailored to the astute luxury downsizer market which is very strong on the Gold Coast.”

The $90 million development consists of 31 residences across 17 levels with architectural firm DBI designing the project.

You May Also Like

Buyers beware: off the plan spruikers

Pete Wargent shares his top red flags

Two more Gold Coast projects hit market

One sells out half its apartments in the first weekend

Two more Gold Coast projects in the offing

A Sydney-based and 5th generation family are behind the latest