SPRING has sprung and demand for high-end properties is set to flourish, with the Gold Coast’s prestige market looking like a steal compared to Melbourne and Sydney prices.
Local real estate experts have shared their hot spots for luxury homes.
John Henderson Professionals partner Luke Henderson tipped Mermaid Beach and Paradise Waters as two prestige areas that should be on buyers’ search lists.
“Buy as good of a position as you can and as close to the beach as possible, or the widest part of the water, as that will hold up the value of your luxury home,” he said.
Kollosche’s Eoghan Murphy said Isle of Capri, Sorrento, Benowa Waters, Paradise Waters and Mermaid Beach were the city’s hot spots.
“Luxury property is so undervalued on the Gold Coast and there has never been a better time to purchase a property,” he said.
Buyers should look at Sovereign Islands, Sanctuary Cove, Sorrento and Southport’s TSS precinct, according to Amir Mian Prestige Property Agents principal Amir Mian.
“Quality high-end homes on prime positions are limited and will always be tightly held,” Mr Mian said.
“Considering the current market where buyers still see value it’s not a bad idea to secure the one you are interested in.”
Lucy Cole, director of self-titled agency, said to be among good company buy in Paradise Waters, Isle of Capri, Mermaid Beach and Monaco St in Broadbeach Waters.
“People who buy in these areas are very savvy, they are not new homeowners, they are established and want to go to areas where the values are all above $1 million,” she said.
Ray White Surfers Paradise CEO Andrew Bell said what constituted as a luxury home was different for each buyer.
“The interest is not restricted to one or two areas but it is quite interestingly spread across sectors,” he said.
“There are locals who are very focused on the necessities of raising a young family … and these people are particularly focused on more central areas, such as, Paradise Waters, Benowa Waters, Broadbeach Waters, and along the coastline to areas such as Mermaid Beach.”
“Good interest also exists for the northern suburbs in areas such as Sanctuary Cove, Hope Island and Sovereign Island.
“There is a good deal of interest in acreage from many of the downsizing Southerner’s warming to the idea of hobby farms or acreage in which to live out the next stage of their life.”
Herron Todd White’s latest Month in Review report, released today, also noted a growing trend toward buyers seeking acreage property.
“Formerly the domain of desperate first-home buyers, acreage land has morphed into an up-market destination for the more well-heeled and established second, third or fourth homebuyer who wants the quiet life or room for the boats, bikes and vans,” the report read.
Source: www.realestate.com.au