- Investors are starting to reappear in Gold Coast sales
- Developments continue to sell fast
- One project has sold all but one of its full floor apartments
Having been overshadowed by owner-occupiers for some time, investors are starting to return to the Gold Coast, according to local agents.
“We are certainly seeing an uptick in investors enquiring, although the market is still predominantly owner-occupier,” said Tony Ashwin of Ashwin Property, who is marketing the $650 million Serenity 4212, a waterfront development on the northern Gold Coast at Helensvale.
A combination of low vacancy rates, a booming property market and low interest rates is starting to make the numbers make sense again.
“There is a lot less stock out in the market currently and investors are certainly being encouraged into master planned communities which have great internal and surrounding infrastructure.”
Tony Ashwin, Ashwin Property
“The supply of 4-bedroom homes has become particularly sparse on the Gold Coast, positioning this product as one of the most sought-after commodities on the property market.”
Government infrastructural investment such as the Coomera Connector which is currently underway has also been an encouragement.
“The Coomera Connector has been a game changer because of the way it will drastically reduce travel times to the central Gold Coast.
“People working in Surfers Paradise or Broadbeach may not have considered living or renting in northern Gold Coast locations like Hope Island and Helensvale because of the travel times, but now we’re talking 15-20 minutes once the Coomera Connector is complete,” he said.
Brisbane-based developers Keylin and Kinstone Group have also contributed to the advancement of the infrastructure in the northern Gold Coast, with more than $2 million of upgrading to nearby Sickle Park, located in Hope Island.
Wetlands Gift
The Keylin and Kinstone Group developers have also gifted a substantial proportion of their Serenity 4212 Community site back to the nearby Coombabah Nature Reserve and Wetlands.
The ‘Coombabah Lakelands Conservation Area’ spans 1200 hectares of wetland, eucalypt forest, salt marsh and mangrove habitat, providing a safe and protected home to 274 species of animals.
The conservation area plays an integral role in the protection of seven ‘vulnerable’ or ‘threatened’ species, including the koala, powerful owl, and grey-headed flying-fox, along with 24 internationally protected migratory bird species.
337 of Australia’s 830 bird species inhabit the Coombabah Wetlands, making it one of Australia’s premier bird environments.
The latest release of Serenity 4212’s exclusive residences, Serenity Reserve, have flown off the market with over 50 of the available 69 luxury townhomes selling in under a month, following the swift sell-outs of Serenity Waters and Serenity Green in previous months.
The second stage of Serenity Reserve will be released to market in the coming weeks.
Awakened Interest
Meanwhile, luxury buyers have bought up all but one of the full floor apartments at the Awaken project at record average of $4.2 million each, including a record penthouse sale for $8.15 million.
Two international buyers purchased in the building including the US couple who purchased the penthouse, while two apartments went to Brisbane buyers and five to local Gold Coast buyers.
Jayde Pezet, of KM Sales and Marketing, which is marketing the project, said Awaken was one of the most unique luxury apartment projects anywhere on the Australian eastern seaboard and it was no surprise to see the sales take-up.
“Nowhere else can you find this level of uninterrupted beachfront vistas across some of the Gold Coast most idyllic beaches, spanning from northern NSW to the skyline of Surfers Paradise and beyond,” said Mr Pezet.
S & S Projects has also lodged a DA for a new residential project which will encompass 97 lavish apartments across two interconnected buildings in the heart of Coolangatta, a stone’s throw from the glittering Rainbow Bay.
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