Connect with us

Developments

Local and interstate buyers drive SPG Land’s sell-out of Robina’s Cambridge Residences

international buyers

Almost a quarter of buyers in the final stage were from interstate, while four apartments were sold to international buyers

Local and interstate buyers have snapped up the final stage of SPG Land’s $162 million Cambridge Residences apartment development in Robina.

The $44.5 million sell-out of Brooke Residences was the final stage of Cambridge, which all up has over 400 apartments.

Project marketer Colliers said the final stage, comprising 95 apartments, proved a hit with local and interstate buyers who were drawn by the value proposition of the development.

“This final stage of Cambridge Residences demonstrated a quantum shift in the buyer profile from investors to owner-occupiers,” said David Higgins, Director Residential for Colliers Gold Coast.

Cambridge Residences

Cambridge Residences 42 Laver Drive, Robina QLD 4226 

“An overwhelming majority of buyers in the final stage, 74 per cent, were owner occupiers which is a massive turnaround from the previous three stages where 80 per cent of sales went to investors.”

Higgins said the development benefitted from a spill of buyers who have been priced out of projects in beachside locations. Apartments in the final stage sold at an average price of well under $500,000 each.

“Not everyone can afford the beachfront, but Cambridge Residences proves that great projects in prime locations that are well priced and with great amenities are selling well,” he said.

“Our team received excellent local enquiry, as well as a number of value-seeking interstate buyers who flew up specifically to purchase off the plan.”

Almost a quarter of buyers in the final stage were from interstate, while four apartments were sold to international buyers. Of the 74 per cent of sales to owner occupiers, almost 50 per cent were first-home buyers.

A large number of sales were secured by downsizers who had sold larger homes to take up residence in Robina’s urban hub, while the 26 per cent of investors who bought into the final stage were all local Gold Coast buyers.

“Cambridge Residences was a niche market offering that combined a fringe location with a high level of residential amenity,” Higgins added.

“The quick sell-out of this final stage was an outstanding vote of confidence in Robina and for price-pointed stock targeting the missing middle.”

Following the sell-out of Cambridge Residences, SPG Land is now gearing up for an $800 million three-tower development in Surfers Paradise that will deliver an innovative design and create one of the largest residential resort projects ever undertaken on the Gold Coast.

 

Article Source: www.urban.com.au

Developments

Construction commences on the final stage of The Peninsula Hope Island master-planned community

Peninsula Collection

Developer ASF Group has already sold around 80 percent of the apartments and all of the terrace homes on offer.

Construction has begun at Peninsula Collection and Peninsula Terraces, the final release of apartments and terrace homes in the gated community development, The Peninsula Hope Island.

The Brisbane-based builder, Constructions Group, cleared the land for development over Christmas, with earthworks and piling expected later this month. The previous two stages of the exclusive master plan are already completed.

Peninsula Collection

Peninsula Collection 52 Harbourview Drive, Hope Island QLD 4212 

The rest of the in demand mini-masterplan is already completed. Developer ASF Group has already sold around 80 percent of the apartments and all of the terrace homes on offer.

ASF Group Marketing Director Daniel Fang said there was an even split of buyers, with around half local owner-occupiers looking to downsize, and the other half interstate migrants and investors,

“We saw a lot of demand from buyers in Victoria and New South Wales, in particular from the dense inner-city postcodes of Sydney and Melbourne” Fang said.

“They were drawn to the recreational lifestyle of the northern Gold Coast, with their choice to move hastened by lockdowns in the southern states. Other interstate buyers were also attracted by the strong potential for capital gains due to the 2032 Summer Olympics, set to be hosted in Brisbane.”

On the interest from locals, Fang said the majority sought to downsize to Peninsula Collection and Peninsula Terraces which feature greater accessibility and internal buttons linked to gated community security.

“Buyers are cashing in on the Gold Coast property boom whilst placing a greater emphasis on lifestyle and recreation in their search for a new home.”

ASF has already sold out Peninsula Homes, a collection of 17 townhouses, Peninsula Residences, comprising 40 apartments, and Peninsula Terraces, just 22 terraces, which sit along side the Peninsula Collection.

Peninsula Collection is a rare opportunity for buyers to secure a home in the Hope Island Resort gated community
Article Source: www.urban.com.au
Continue Reading

Developments

Sherpa Property set for Mermaid Beach apartment development

Located on Albatross Avenue in Mermaid Beach, Perspective Albatross will be a bespoke low-rise beachside apartment building comprising six three-bedroom residences and two two-level penthouses.

Local Gold Coast developers, Sherpa Property Group, have unveiled plans for their latest development, Perspective Albatross, as demand for property on the coastline continues to be in high demand.

Located on Albatross Avenue in Mermaid Beach, Perspective Albatross will be a bespoke low-rise beachside apartment building comprising six three-bedroom residences and two two-level penthouses, both of which feature direct access to their own private rooftop areas.

The project is earmarked for a prime 810 sqm at 72-74 Albatross Avenue, Mermaid Beach, and is Sherpa Property Group’s first in the area.

The three-bedroom residences will feature spacious floor plans that are further enhanced with their own private balconies, right in the heart of Mermaid Beach.

Mermaid Beach

Perspective Albatross residences range from 190 sqm to 310 sqm and are priced from $2.1 million.

Plans for the residences come hot on the heels of the sell-out of Sherpa’s highly anticipated Perspective Nexus development in Palm Beach and the recent unveiling of its newly completed luxury residence in Bilinga, known as Perspective 202.

Sherpa’s CEO, Christie Leet said the site had been selected due to its excellent beach access and proximity to the local shopping precinct, along with the tranquil and enviable lifestyle that Mermaid Beach exudes.

“Mermaid Beach is one of the Gold Coast’s most attractive communities, offering a unique lifestyle that makes it one of the most tightly held markets on the Coast,” Leet said.

The Perspective Albatross beachside residences are expected to appeal to the local owner-occupier market and are located just a stones’ throw away from Mermaid and Nobby beaches.

“To us, Mermaid Beach has always been more than just a location, it’s the lifestyle that draws you in and makes you feel like you never want to leave.”

Designed by Cottee Parker, the residences have been influenced by the coastal surroundings, with a light and bright colour palette being implemented throughout, integrating touches of white and gold accents for a minimalist and contemporary design.

Also expected to launch in 2022 is Perspective Broadwater, just six apartments in Biggera Waters, and Perspective Nexus, Palm Beach, which is a 34 three-bedroom apartment development, across 14 levels.

 

Article Source: www.urban.com.au

Continue Reading

Developments

Plans Filed for Third Surfers Paradise Skyscraper

Surfers Paradise 4

Plans for a 38-storey residential tower in Surfers Paradise have been lodged with the Gold Coast City Council, the third DA for the area filed in recent weeks.

The latest skyscraper plans were lodged by AMFS 2, led by Ayrton Mansi of the Mansi Group and Freddie Sheene, son of the late world motorbike champion Barry Sheene, for a site at 17-19 First Avenue, Surfers Paradise.

Surfers Paradise is running hot, even by its standards—the suburb hit $1.2 billion in apartment sales in the 12 months to November.

The Gold Coast’s strong apartment market during the pandemic has created a spike in projects as units increased 26 per cent in value last year.

The plans for Nineteen on First Avenue were designed by Plus Architecture and included 35 full-floor apartments with three bedrooms and north-east facing balconies.

There was also a swimming pool, work from home suites, entertaining spaces and a gym on the lower levels as well as three levels of basement car parking.

It would replace two single-storey homes on the combined 810sq m site at the corner of First Avenue and Surf Parade.

Surfers Paradise

▲ Plus Architecture used inspiration from the “dynamic theatre of the ocean” to design Nineteen First Avenue in Surfers Paradise. 

The area was characterised by primarily high-rise residential developments, interspersed with older low- to high-rise developments, according to Ozone Planning Group.

“This existing character is consistent with the City Plan’s intent for Surfers Paradise to develop as a compact, high-rise neighbourhood,” the application said.

“The proposed built form incorporates elements of coastal character consistent with the existing built form within the locale as conveyed through the material and colours palette for the development.

“Being a high-end residential development, the finishes proposed are of an equivalent standard.”

In March, 2021 refinements were made to the Gold Coast city plan with mayor Tom Tate saying the city needs to be built “upwards, not outwards” in response to growing demand for new homes.

As interstate migration is expected to continue through 2022 the market fundamentals of the city are holding strong and there are no signs of an imminent bust, according to experts.

 

Article Source: www.theurbandeveloper.com

Continue Reading

Positive Cashflow Property

duplex designs, dual occupancy homes

Property Investment Advice

gold coast property management

Trending