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Hope Island prestige estates report boost in sales amid luxury market spike

Hope Island

The Gold Coast suburb of Hope Island has seen a huge spike in sales amid the luxury market boom.

Sanctuary Cove, Park Cove, the Palladium and The Gallery homes in Hope Island on the Gold Coast have seen staggering figures, thanks to the recent prestige property boom.

Sanctuary Cove has notched over $100 million in sales in recent months.

Two waterfront properties sold for over $10 million in the exclusive community. Sanctuary Cove also saw two homes sold under the hammer for more than $5 million, while a vacant lot of land sold for $3.25 million.

Ray White Surfers Paradise sales consultant Matt Gates was surprised by the number of rare under the hammer sales for the luxury estate.

“The auction results alone are an unprecedented outcome as it’s incredibly rare for such high-end properties to sell under the hammer in Sanctuary Cove,” Mr Gates said.

“We’ve witnessed an influx of buyers from across the board, including the interstate sea change seekers, and both upsizers and downsizers, all chasing their slice of premium quality living.”

Another upcoming Sanctuary Cove listing is expected to hit the market at around $20 million.

Meanwhile, The Gallery is the latest Gold Coast development to attempt to satiate interest in high-end living, achieving a complete sell-out of its 46 lots in Hope Island, totalling $33 million.

The Gallery sales and marketing consultant Tony Hymus suggested the sell-out comes amid the growing shortage of property on the Gold Coast, as well as the re-emerging interest in the luxury market.

“It’s becoming increasingly rare to find good value land on the Gold Coast given how much of a boom the market is experiencing, let alone ones that are immersed in such lush, sprawling surrounds.”

The Gallery comprises of 46 lots with golf course, lakefront and parkside homesites.

The neighbouring Palladium project, sold out of 39 luxury villas worth $30 million during the first stage of construction.

Brisbane-based developer Keylin director Louis Cheung aimed to target owner-occupiers with the resort-style offerings.

“We saw incredible response to the Palladium villas from the moment they hit the market. Our homes ticked all the right boxes for owner-occupiers seeking that luxury standard, waterfront lifestyle that connects them to a sense of community,” Mr Cheung said.

A further 80 villas, 31 parkside terraces and 16 waterfront homes from the sale developer sold out at the Park Cove development, still within the Northern Gold Coast suburb.

Mr Cheung believed the spiking interest was due to the limited offerings of undeveloped luxury land on the Gold Coast.

Director of Ashwin Property Tony Ashwin, who is in charge of marketing the project, agreed with this sentiment.

“With limited opportunity remaining for buyers on the Gold Coast to secure land in the area, Park Cove has exceeded our expectations for how well each stage was received by buyers,” Mr Ashwin said.

Drawcards for the suburb include the $65 million Hope Island Market Place, Hope Island Marina Shopping Centre, the nearby M1 highway connecting residents to the rest of the Gold Coast, and several schooling, retail, medical and hospitality offerings.


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Cube Developments lodge plans for Alexandra Headland apartment project, Harmony

Cube Developments

The Sunshine Coast developer, Cube Developments, has lodged plans for its latest coastal development, dubbed Harmony.

Cube, led by director Scott Juniper, is seeking to create a resort-style apartment development in Alexandra Headland, tabling plans to the Sunshine Coast Council for three seven-level buildings at 8 Mari Street, which will home 109 apartments.

Modulus Architects has drawn up the plans which will be centred around a swimming pool and set in landscaping by FORM Landscape Architects.

There will be just two and three-bedroom apartments,

Cube Developments

One of the sleek towers. Image credit: Modulus Architecture 

Modulus advise in their design statement that the apartments have been designed with sub-tropical Queensland living in mind; providing expansive living zones opening out to external balconies, whilst offering zones for relaxation and privacy.

“Nestled amongst the trees, the sculptural form of Harmony rises above the treetops to encompass the panoramic view of the Pacific Ocean.

“External balconies are wrapped and enveloped by a sculptural exo-skeleton reminiscent of the internal structures of marine elements such as coral and shells.”

Cube Developments

The towers will sit side by side on Mari Street. Image credit: Modulus Architecture 

Harmony will be Cube’s second development in Alexandra Headland after Beach Life, at 120 Alexandra Parade, which sold out all of its 55 apartments.

Cube recently secured a sell-out of their Mooloolaba development, Picasso, and currently have in market Seasons Birtinya.


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MVGS secure sell-out of The Tally, Palm Beach apartments

MVGS Property Group

The Tally, just a stone’s throw from the beach, was the work of Scott Dolso’s MVGS Property Group

The Gold Coast apartment market is continuing its bull run of sell-outs.

The latest comes from Palm Beach, where The Tally, the 45-apartment development on Twenty-Eighth Avenue, sold out in under three months.

The marketing began in mid-July, where half of the apartments were accounted for in less than two weeks through KM Sales and Marketing agents Todd Matheson and Chez Fraser.

Matheson says around 70 per cent of apartments went to locals.

MVGS Property Group

The Tally 14-18 Twenty-Eighth Avenue, Palm Beach QLD 4221 

“It was a huge success, with big pricing per square metre bettering anything else that side of the Gold Coast Highway”, Matheson added.

The Tally, to the western side of the Gold Coast Highway but still just a stone’s throw from the beach, was the work of Scott Dolso’s MVGS Property Group.

They had BDA Architecture design the nine-level building, which in their design statement said was inspired by the natural landforms of Burleigh Headland and Tallebudgera Creek, the fluid movements of waves, and the subtle curves of the creek.

“The architectural form and colour tones pay homage to the local context and history,” the statement read.

A raft of first home buyers hit the enquiry submission early in the marketing campaign, with the one-bedroom apartments priced from $450,000, which included a car space Unsurprisingly, they were the first to be snapped up.

MVGS recently developed Canopy, a similar development of 49 apartments also designed by BDA, nearby at 3-7 Twenty Fourth Avenue.

A number of the buyers in The Tally came from Canopy.


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Caydon Files Plans for 18-Storey Tower in Miami

Melbourne developers Caydon Property Group are moving into the Gold Coast market with an 18-storey apartment tower at Miami.

The apartment developer will build 51 apartments on the 1012sq m site at 266 The Esplanade at Miami, opposite North Burleigh Beach.

A 12-unit complex would make way for the apartment tower if the development application is approved by the Gold Coast City Council.


▲ The 18-storey tower would take style cues from its coastal backdrop. 

The building’s facade will feature ‘fins’ that emulate the light reflecting off wave peaks.

“The inclusion of ‘fins’ as architectural features and shading devices provides shade to key facades, while privacy is provided to eastern-facing balconies through balustrade screening around the landscaped planter beds,” the town planning report states.

“The building facade has been developed to host light fins representing the light rays over the ocean and how the rays rise and shadow falls.”

The building will offer 35 two-bedroom units, 14 three-bedroom units and two penthouse units.

The slender 18-storey tower sits within the allowable height constraints for the site, and is consistent with other developments in the area, including a planned 19-storey tower on a neighbouring site, which is currently before the council.


▲ A private rooftop terrace caps off the penthouse, while communal space and a pool deck are on the ground floor. 

Zone Planning Group’s town planning report says the area was going through gentrification and urban renewal.

“The proposal provides a contemporary and sophisticated built form character for the Miami locality, making efficient use of the site while ensuring that amenity impacts on surrounding properties are mitigated through key orientation of balconies and habitable rooms within the proposed units,” the report stated.

“The building’s form responds to its beachfront environment, with articulation informed by the climatic orientation and architectural elements for privacy for its residential occupiers.

“The inclusion of ‘fins’ as architectural features and shading devices provides shade to key facades, while privacy is provided to eastern-facing balconies through balustrade screening around the landscaped planter beds across the south-eastern corner of the tower form.”

The development would also include four basement car parks, communal area and pool deck, and a private rooftop terrace for the penthouse.

The slender form of the tower includes significant glazing with fins woven across the facade to provide screening.


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