The first week of spring has brought with it some hot news for the Gold Coast property market. New statistics released by RP Data show that Gold Coast property sales have risen by 5% to 20,079 sales for the year ending 2015. This is the strongest increase for anywhere in Queensland.
‘The traditional spring selling season is even hotter this year, for example our Pacific Cove stage one has almost sold out’ said QM Properties Sales Manager Damien Ross.
‘We released Pacific Cove on 31st July and have since sold 60 allotments.’
REIQ Gold Coast Chairman John Newlands also attributed the growth and increased demand to the buyer confidence in capitalising on the glitter strip’s lower property prices.
The current figures are 27% above the first year average property sales for the region.
‘We could definitely see this one coming, due to the buyer interest we drew in the months before the release’ said Damien.
According to Damien, Pacific Cove buyers are mainly locals attracted by the larger lots with wide frontages of up to 22 metres. Relocating from Coomera, Pimpama and Hope Island, they are attracted by the 600 square metres and over land footprints. Where required, the land price includes retaining walls for sloping blocks which ensures no precious space is lost to the build.
The building covenant also appeals to the buyers, particularly if they have relocated from a higher-density suburbs on the coast.
‘Pacific Cove is one of the only owner- occupier targeted estates in the region, whereas most other estates are investor focussed, ’said Damien.
‘Our buyer’s feedback is telling us that there is a shortage of estates where everyone owns and lives in the home, which creates a much more family-friendly lifestyle and house and garden presentation’.
Apart from the attractive, quality building covenant, the location close to the heart of Surfers Paradise, but nearer enough away for a peaceful healthy way of life ticks all the boxes for buyers.
Pacific Cove is on the beach side of the M1 highway but very close to the Coomera Town Centre which will shortly boast a new Westfield development to add to the current offering. The new centre will include a department store, two supermarkets, a cinema complex, all the popular chains and a new transport hub.
The development also offers NBN ready land sites and the chefs’ friend, reticulated natural gas to homes.
Pacific Cove is set against a backdrop of lush natural forest in sharp contrast to the nearby shopping and nightlife options of Surfers Paradise. It is located fifteen minutes from the national park marine playground of the Southern Moreton Bay islands. The pristine waterways of the Broadwater, teaming with wildlife like the shy dugong, whales, turtles and shorebirds are a peaceful retreat for the whole region.
Prices start from $243,000 for 400sqm. A Queensland Master Builders Association display village is due to open in early 2016.