- Only five 3-bedroom apartments remain in the $77 million Allure on Chevron Island
- Half of Sherpa Property Group’s Perspective Nexus project has been sold
- All 66 house blocks in Riverina Estate Stage Two at Carrara sold within months
It’s already been described as a FOMO (fear of missing out) market. The latest Gold Coast apartment and land sales evidence provide yet more evidence of this. It’s hot out there.
Final slice of Chevron Island
As apartments continue to sell across the Gold Coast, all but five 3-bedroom apartments have been sold in the $77 million Allure on Chevron Island.
After a $72 million sales spree, the 17-storey collection of residences are nearly sold out. The final five are priced from $1.1 – $1.3 million.
67 of the 90 sales to date have been to owner-occupiers, with 75% of those being local buyers and the remaining being southerners moving from NSW & Victoria.
Construction of Allure is currently underway with completion expected early next year.
“Allure has emerged with spectacular timing to a market rife with demand for high-quality residences in the heart of the Gold Coast,” said Macquarie York founder Roy Skaf.
“Locals in particular have a strong awareness of Chevron Island’s distinctive charm, retaining a village-like atmosphere while being just moments from the vibrant coastal precinct just across the bridge.
Perspective Nexus 50% sold out
Launched only in the last few weeks, already 50% of the 34 beachfront residences in Sherpa Property Group’s Perspective Nexus project have been sold.
Total sales have surpassed $51 million, in what has proven to be a desirable pocket overlooking Currumbin Alley.
“The majority of Perspective Nexus buyers so far have been local to Palm Beach, with most of them looking to upgrade to the next level in ultimate coastal living,” said Sherpa Property Group chief executive Christie Leet.
“We have had a significant buy-in from the adjoining development, which was completed only two years ago.”
The four-bedroom sky homes also will feature their own private rooftop terrace, including pool and spa, with 360-degree views of Palm Beach stretching north to Burleigh Heads, south to Coolangatta and west to Currumbin Creek and into the Gold Coast hinterland.
Sales of the residences in Perspective Nexus have been secured in a price range of $1.45 million to $2.9 million.
High demand for house blocks
All 66 house blocks in Riverina Estate Stage Two at Carrara have sold out within months.
This follows the quick sell-out of 26 lots in Stage One, bringing the total of 92 lots already sold in the 181-lot masterplan estate.
More opportunities will soon be offered in Stage Three and Four with the remaining 89 house lots featuring Riverina’s premium riverfront and lakefront addresses to hit the market, with prices ranging from $725,000 to $1.2 million.
Construction on Stage Two is underway with the demolition of the property’s original dwelling completed and extensive bulk earthworks construction commencing in August, forecast for completion in February 2022.
“A shortage of house blocks on the Gold Coast has definitely sped up sales, but Riverina was always going to appeal to homeowners because it offers them an opportunity to build a brand new home close to where they already live or to relocate to an exceptional location,” said Louka Vitale of ProjX Group.