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Southern Gold Coast has surge in prestige sales

Mango Hill residents say a new shopping centre offers opportunity: Australia Post rejects community calls.

The southern Gold Coast is seeing a surge in prestige property sales as a variety of stock attracts new buyers.

International investors and interstate families Brisbane Investor,Property Management, Real Estate Brisbane, Mortgage Broker Brisbane, Brisbane property market, housing sales, Investment properties, Housing market, Rental Propertiesare flocking to the area to soak up a range of luxury offerings.

The market was recently bolstered by more than $10 million of sales at Coolangatta’s newest luxury building, Sanbano, which is currently under construction.

The 25-level tower, which opened in June, is solely backed by Chinese investor JianZhong Yang.

DJ Stringer Property Services principal David Stringer said developers were capitalising on a large range of buyers, with prestige buyers increasing in number.

“The beauty of the southern Gold Coast is the diverse range of buyers,” he said.

“The investor market is quite strong but lately there has been a lot of interest from retirees and young families.

“It is a great area to buy your first place. Southport and Broadbeach can get quite busy and some people head south to avoid the chaos.”

Mr Stringer said more developments like Pure Kirra and Sanbano were on the way.

“The Pure Kirra building is doing exceptionally well,” he said.

“People seem to be back into buying apartments, and developers are taking notice.”

Another boutique development is gaining momentum in Rainbow Bay, with Ray White Mermaid Beach busily pre-selling units.

The block at 192 Marine Pde, Coolangatta, will be transformed into a luxury building if enough interest is garnered. Buyers will need a bankroll of $1.54 million to purchase an entry-level unit.

The project, which is named The Garland on Rainbow Bay, will feature two large penthouses.

A buyer will need a minimum of $3.695 million to secure one of these two-storey luxury abodes.

Ray White Mermaid Beach agent Troy Dowker said property in Palm Beach was also gaining traction.

“There is a lot of activity at Palm Beach because of a lack of supply,” he said.

“There seems to be a strong recovery taking place in the area.”

Meanwhile luxury homes in the southern suburbs are also performing strongly.

Ray White Banora Point agent Tate Brownlee recently brokered the largest Terranora sale since 2011. The holding, 17 Winchelsea Way, sold for $1.33 million last week.

“It’s a remarkable home sitting on an acre of land.” Mr Brownlee said.

The 25-storey Sanbano tower in Coolangatta is under construction and has already notched up excellent sales.

Units in Pure Kirra are selling exceptionally well.

17 Winchelsea Way sold for $1.33 million, a Terranora record.

Original article published at www.goldcoastbulletin.com.au on 7 July 2014 by Josh Houghton, Gold Coast Bulletin.

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Developments

Inside Cru Collective’s new luxury Kirra Beach apartment development, Sur Kirra Beach

Cru Collective

The resident amenity occupies a whole level, and will home an oceanfront pool, a beachfront fitness centre, and a sauna

There’s a fresh opportunity for the luxury Gold Coast apartment buyer, with the local developer Cru Collective launching sales for Sur Kirra Beach, their hotly anticipated boutique residential tower on the Coolangatta dress circle Musgrave Street.

Cru, led by managing director Chris Bolger, are offering just the 10 apartment across the 13-level tower which has been designed by BDA Architecture. BDA was inspired by the longboards that established the Kirra surfing culture in the 1960s.

The unique site pocket at 2 Musgrave Street allows for a distinct floor plan that is fin like in shape, capturing views from every angle of the property.

Crowning the development will be a two-level penthouse.

Bolger expects buyers to be predominantly locals.

“The location is iconic and we have an extensive waiting list of people from the immediate area or those that have holidayed in Kirra or rainbow Bay for years,” Bolger says.

Sur Kirra Beach

Sur Kirra Beach 2 Musgrave Street, Coolangatta QLD 4225

“It’s a very nostalgic location for loyal Kirra fans.”

Apartments in Sur, meaning above and beyond, will span 300 sqm apartments will have three ensuited bedrooms, including a huge master wing with walk-in wardrobe, two living areas, a kitchen with butler’s pantry, wine cellar, and a dry bar with built in ice maker.

Each apartment will have their own private foyer, direct from the lift.

Balconies have been oriented to face east, to capture views from Rainbow Bay to Stradbroke Island, with the rear balconies to look back to the hinterland, offering views that will never be built out.

Cru Collective decided to refine the already approved plans, which saw the levels, and in turn apartments, reduced.

Bolger said the size was dropped to make Sur more in-keeping with Kirra Beach.

“At the heart of Cru Collective’s design approach is the desire to create exceptional living spaces in extraordinary locations that meet the expectation of the sophisticated buyer,” Bolger said.

“By reducing the volume of apartments and raising ceiling heights of the original plans for the Kirra site we will deliver spaciousness and opulence that is typically reserved for high-end standalone houses.

Prices start from $4 million, with the price yet to be established for the penthouse.

The resident amenity occupies a whole level, and will home an oceanfront pool, a beachfront fitness centre, and a sauna.

“Sur Kirra Beach is our latest commitment to always producing premium quality homes that substitute the conventional high density apartment trope for a boutique approach to vertical living,” Bolger added.

“Over the past few months since we acquired the site, we have already received an astounding amount of local and national interest in what will be a striking addition to the Kirra beachfront. It’s such a unique and iconic location.”

Cru Collective is launching Sur Kirra Beach with a view to commencing construction in early 2022.

About the developer

The local Gold Coast-based Cru Collective have a proven track record, selling out Acqua in Palm Beach and Arcadia Rise in Currumbin.

The award-winning developer has more than a decade of experience in residential and commercial property across south-east Queensland, currently delivering a development pipeline totalling $150 million in projects.

Sur Kirra Beach follows the sell-out and completion of Cru Collective’s $40 million Siarn Palm Beach North apartment project.

 

Article Source: www.urban.com.au

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Developments

Monaco, Polites Plan $100m Runaway Bay Tower

Monaco

The residential market at Runaway Bay is heating up with plans for a $100-million, 31-storey tower and three villas filed by Monaco Property Group and Polites Property Group.

The joint venture lodged the plans for the slim 3116sq m site that sits between a series of towers on the Broadwater at 13-15 Bayview Street.

The developers are taking advantage of the booming Gold Coast market where unit prices have increased 9.9 per cent in a year, according to Domain.

The residential project follows Polites’ Cabana tower in Palm Beach, a joint venture with Ignite Projects.

The group is headed by identical twins Alex and Marcus Polites, the grandsons of the late Adelaide property tycoon Con Polites.

Monaco is headed by Jonathan Grasso and Jay McPhee, who also have connections in the property world.

This includes McPhee Distributions Services and Industrial development with its $1-billion portfolio, and Grasso’s previous projects with Belvue Property Group, which he founded.

Monaco

▲ Renders of the villas and second pool in the development to be known as Belvue at Runaway Bay on the Gold Coast Broadwater. 

The retro Palm Springs inspired design by Plus Architecture includes 31 whole-floor apartments, with three or four bedrooms, on a 323sq m floor plate plus three 510sq m detached homes.

There are also two swimming pools, a sauna and wellness facilities planned for the site, which is 20m wide and 155m long.

Polites managing director Alex Polites said the suburb was being reinvigorated by new developments and buyers looking for a coastal lifestyle.

“Runaway Bay’s development history dates back to the 1970s and it set the benchmark for residential apartment living on the Gold Coast in the 1980s and 1990s,” he said

“Since then, the Gold Coast has evolved into a sophisticated city envied not just as a holiday destination but for its coastal lifestyle.”

 

Article Source: www.theurbandeveloper.com

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Developments

“The sophisticated newcomer to Runaway Bay” – Gold Coast suburb set for first apartment development in 30 years

Runaway Bay

Plus Architecture, who are handling the design, call Belvue “the sophisticated newcomer to Runaway Bay.”

The Gold Coast’s Runaway Bay is set to see its first residential tower to be developed in the idyllic Gold Coast waterfront enclave for almost three decades.

Belvue, French word for beautiful view, is set to be developed in a joint venture between Monaco Property Group and Polites Property Group, who has just lodged a development for the project.

The luxury tower on a 3,116 sqm site at 13-15 Bayview Street, has been designed for the owner-occupier, with just whole floor apartments.

The 31 apartments, which have four bedrooms each (or three and a multi-purpose room), will each take up a level of the 31 storey building, which is reminiscent of a resort-style hotel, without the mass number of rooms.

Plus Architecture, who are handling the design, call Belvue “the sophisticated newcomer to Runaway Bay.”

“It’s an elevated lifestyle with resort-style amenities,” Plus advise in their design statement.

Upon entry to the waterfront site will be three luxury detached villas, each spanning two levels with three bedrooms and a private outdoor terrace area.

Runaway Bay

The tower is set at the rear of the block, past the luxury, resort-style swimming pool and landscaping by FORM Landscape Architects.

There will be a gym next to the main pool, as well as a barbecue pavilion, while past the tower is a second pool, overlooking the water. There’s also a sauna and a steam room, as well as poolside cabanas, and a private terrace leading down to the beach.

The tower is targeting the owner-occupier, with each apartment having 246 sqm of internal space, with at least 23 sqm of external area. There are two balconies per apartment, one off the kitchen, living and dining area, the other accessed on the other side of the apartment.

Runaway Bay

“Runaway Bay’s development history dates back to the 1970s and it set the benchmark for residential apartment living on the Gold Coast in the 1980s and 1990s,” Alex Polites said.

“But since then, the Gold Coast has evolved into a sophisticated city envied not just as a holiday destination but for its coastal lifestyle. Now, finally, the time has come for the reinvigoration of Runaway Bay as one of the Gold Coast’s premier waterfront residential addresses.

“All of the 34 luxury residences in Belvue will offer a new design benchmark and the ultimate in sophisticated coastal living.”

Jonathan Grasso said Belvue had been meticulously designed to capture the most amazing views the Gold Coast and to create a private resort-style atmosphere on one of the Gold Coast’s quietest and most exclusive Broadwater enclaves.

“Our team has spent a lot of time designing and curating what we believe will be a highly unique luxurious residential offering for this pristine part of the Coast,” Grasso added.

 

Article Source: www.urban.com.au

 

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