Investors Eye Gold Coast Infrastructure Boost

In a huge boost for economic growth and jobs on the Gold Coast, the Queensland government has released details of its four-year, $52.2-billion infrastructure spend and the draft State Infrastructure Strategy, a vision for the State’s infrastructure needs for the next two decades.

These significant investments will play a vital role in growing the health, sciences, technology and innovation sectors necessary for the rapid growth predicted on the Gold Coast, driven by a growing local population.

In prime position to benefit from these investments is Lumina, a premium life sciences commercial cluster within the 200ha Gold Coast Health and Knowledge Precinct, a spokesperson said.

The precinct is already home to established health and science leaders Gold Coast University Hospital, the Gold Coast Private Hospital, Griffith University and Cohort Innovation Space.

State government investment in the precinct’s infrastructure is driving even greater connectivity and opportunities for co-location with hospitals, which is ideal for healthcare services, health tech, and health-related industry stakeholders to connect with clinicians and their patients, the spokesperson said.

One development already taking advantage is Proxima, an $80-million children’s health and education centre of excellence within Lumina.

While Australia, like most developed nations, has an ageing population this is not the case for the Gold Coast and Proxima is set to meet the needs of the growing numbers of children and young families in the region.

It is estimated that there are more than 80,000 children (0-9 years old) currently living on the Gold Coast, with 34 per cent forecasted growth by 2041.

As more than 60 per cent of the Gold Coast’s projected population growth is expected to occur within the northern Gold Coast, Proxima, other developments within Lumina and services in the precinct are ideally placed to meet their medical needs.

“Boosted by favourable market conditions, the next round of the planned developments at Lumina are taking shape, demonstrating the strong demand for life sciences, health and technology on the Gold Coast,” the spokesperson said.

Key drivers of growth

Population and Industry data from the Australian Bureau of Statistics reveal the Gold Coast as one of Australia’s fastest growing regions in both current and future growth.

Two of the key drivers at play are population growth and a deliberate government strategy to drive diverse economic growth and knowledge job creation in the region.

The Gold Coast population is set to increase to around 1.1 million people by 2041. Much of this growth will occur in the northern Gold Coast, notably around the Southport region.

Interstate migration is a key factor, with more Australians relocating to the Gold Coast than any other region. This ballooning growth is creating demand for necessary infrastructure, as well as services to support the population’s needs.

Economic growth is also a key driver, particularly in the northern regions. The Gold Coast City Council’s vision is for diverse economic prosperity, beyond its traditional tourism industry. The region is focused on growing its health, research, education, and innovation economy.

This vision is already having an impact. Global property and investment firm CBRE in its latest analysis of the Life Sciences industry in Australia, reports that there is 10 per cent higher growth in health sector investment on the Gold Coast compared to south-east Queensland, and 14 per cent higher growth than the state overall.

In the professional scientific and technical services sector, there is also a 90 per cent growth forecast centred on the Gold Coast in 2020-21, the gain exceeding the growth rates of 75 per cent in south-east Queensland and 73 per cent in Queensland.

The tertiary education sector on the Gold Coast is being led by Griffith University, with strong enrolments in its Southport campus.

This expanding population and economic investment boom are key drivers for the need for new infrastructure, and with the planned infrastructure enhancements, savvy investors are seeing the opportunities offered by developments like Lumina in the centre of the action.

Infrastructure investment boosts accessibility

In 2020-21 financial year there has already been a $1.15 billion investment boost in Gold Coast infrastructure projects as part of the Queensland Economic Recovery Plan.

But this is just a part of the ongoing public infrastructure investment of more than $6.36 billion.

This has included targeted investments in transport infrastructure (including a $3.4 billion Gold Coast Light Rail extension), addressing accessibility and congestion. The rail extension will ensure convenient, direct public transport access around the Gold Coast and to and from its economic hubs.

Direct access to Brisbane is also being enhanced. There are planned improvements to the “Coomera Connector,” in addition to the existing M1 highway between Brisbane and Gold Coast.

Upon completion, stage one of the Coomera Connector is expected to remove up to 60,000 vehicles from the M1, which will reduce commuter travel times between the Gold Coast and Brisbane.

The airways are opening too, with a $370-million expansion of the Gold Coast airport under way to improve domestic and international airport access

Lumina is positioned to reap the benefits of infrastructure investment

Supported by over $5 billion in infrastructure investment to date, a world-class university, and two hospitals, Lumina is ideally positioned for those seeking to secure a place within its thriving community.

There is space for start-ups requiring coworking desks, and space for growing or established businesses seeking offices, multiple floors or even developers and occupants with a vision for a building of their own. Lumina provides solutions to businesses of all sizes, stages, and specialisations. Invest today in Queensland’s growing and diversifying life sciences, health and technology sectors.

 

Article Source: www.theurbandeveloper.com

from Queensland Property Investor https://ift.tt/3b47z3P
via IFTTT

Brisbane’s western suburbs rents skyrocket by 20 per cent-plus

Soaring demand for affordable family-friendly homes close to schools and parks has sparked a rental boom across some of Brisbane’s leafy western suburbs, with prices climbing by up to 20 per cent in just 12 months.

The latest Domain Rent Report, released last week for the September quarter, revealed the steepest rent hikes were collected in the middle and even outer city rings of the Queensland capital, with Mount Ommaney claiming the crown for top performer after house rents there rose a massive $138 per week to $690 over the last year.

Cornubia, Fig Tree Pocket and Seventeen Mile Rocks were all hot on its heels after rents rose 19.9 per cent to $535, 17.2 per cent to $700 and 16.1 per cent to $560, respectively. Houses in Scarborough, in the bayside north, saw an increase of 16.3 per cent bring weekly rents to $465.

In the nearby bayside suburb of Woody Point, units topped the leader board after rents jumped 15 per cent to $345, with Camp Hill – in the coveted inner east – winning the silver medal after a 13.9 per cent rise raised weekly prices to $410.

Rentals in highly sought-after inner-city locations like Camp Hill have gone up in price substantially over the past year. Photo: Place Bulimba 

While rents across the city collectively rose to record heights in the September quarter, not all suburbs posted positive growth. House rents in South Brisbane suffered an annual 8 per cent drop to $460. Grange house rents, in the city’s north, also took a dive of 7.6 per cent to $550, with Manly in the bayside south suffering a slump of 5.1 per cent to bring house rents to $490.

In units, the worst-performing suburbs were Sunnybank and Macgregor, which suffered price drops of 5.1 and 4.8 per cent to bring weekly rents to $370 and $400, respectively.

Despite the price fluctuations, the individual suburb data has revealed a growing shift towards affordable lifestyle suburbs amid a new set of rent conditions that Place Estate Agents director of property management Cathie Crampton said were, more than likely, here to stay.

“Demand in the city’s lifestyle suburbs [is higher than ever] and we are seeing people moving to places like the bayside now,” she said. “The typically traditionally strong rental suburbs of Norman Park and Bulimba are still going through the roof in terms of both rentals and sales … but our most improved suburbs are Graceville and Indooroopilly, where people want to move into those school catchments.

“And that’s where we’ve had 0 per cent vacancy in our rent roll.

Bulimba: The number one pick for renters. Photo: Supplied 

“But our best performing suburb has still got to be Bulimba,” Ms Crampton said. “It has continued to perform and we’ve had one of the lowest vacancy rates in that suburb for over nine months now.”

According to the Domain report, Bulimba is now the city’s most expensive suburb to rent a house after a 9.3 per cent annual hike sent weekly asking prices to $765.

Kenmore Hills came in at second place after prices rose 7.6 per cent to $710.

While the city’s blue-chip suburbs saw more subdued growth over the past year, it was the hunt for an affordable home close to amenities that sparked the price surge in Mount Ommaney, said Ray White Centenary letting manager Debbie Swales, with the suburb undergoing a coming-of-age off the back of a booming sales market.

“It’s certainly picked up a hell of a lot and when I get a good property – particularly a good family home now – people are desperate,” she said. “There are just too many people needing to rent and it’s mostly because house prices have gone up so much.

“Queensland is just really booming because there’s a lot of push from down south … but I think with Mount Ommaney, in particular, it’s a beautiful suburb and the rent is not astronomical compared to other suburbs. Then you’ve got the shopping centre, it’s really safe and there are the parks and the river.

“I’m now getting people ringing me from the Sunshine Coast and from even the north of Brisbane and they say they are moving here because it’s close to the city but also Ipswich – it’s just so accessible.”

It’s a sentiment shared by Ray White Holland Park department manager Kaitlyn Schneider, who said rents had jumped by up to $150 in the past six months alone as tenants moved further out from the city.

“I think we’ve got great access to the highway … and we’re still affordable and that’s bringing so many people to these places,” she said. “I would say Holland Park to Camp Hill and the pockets between [are on fire].”

The rental renaissance has swept across the city’s once-stigmatised Redcliffe region, said One Agency Redcliffe and Northlakes principal Stephan Siegfried, with prices soaring to record heights off the back of a pandemic-induced lifestyle shift.

“With COVID, people have rediscovered this area – and that happened particularly when we had distance restrictions [last year],” he said. “At one point Margate Beach was like Bondi – you couldn’t move and there were tents and people sunbathing. So Redcliffe has been discovered.

“People have realised this is a great place to be and we’re close to Brisbane. But the other thing that has happened [to push up prices] is the rental stock has been shrinking somewhat because landlords have cashed in on properties, and that’s shrunk the pool a bit.

“And now we’ve got people who have been priced out of the market and have to go further afield,” Mr Siegfried said. “In fact, we’ve seen a large jump in prices and that’s visible and there’s a social disturbance for long-term Redcliffe residents who have lived in affordable properties and are now finding that’s no longer the case.

“While for investors this is great – and I’m really excited because this is a coming of age for Redcliffe – about 12 days ago we had an elderly woman in our office who was in tears because she said she couldn’t afford to live here anymore. So there are two sides to the story.”

The Domain report revealed house rents on MacLeay Island, in the bayside south region, soared by 19.3 per cent over the past year to $325, while Margate house rents rose by 12.5 per cent to $428, with Redcliffe houses rising by 10.5 per cent to $420.

As for Brisbane’s cheapest suburb to rent a house, the report showed the outer pocket of Russell Island boasted a meagre weekly rent price of $300, despite prices rising by 15.4 per cent over the past year.

For units, Sandgate was the city’s most affordable suburb at $255 per week, with prices sliding a slight 1 per cent over the past 12 months.

 

Article Source: www.domain.com.au

from Queensland Property Investor https://ift.tt/3jt6Eyr
via IFTTT

Property sellers bring plans forward to beat APRA changes on home borrowing

Some Property sellers have brought forward their listings in hopes of getting the best price before new mortgage rules kick in and reduce the budgets of potential buyers, agents say.

Potential home buyers who are hoping to borrow the maximum amount are also rushing to get in before the cut-off at the end of October, although some will be disappointed as a few banks have already become more cautious about how much they will lend, and investors with multiple properties are already having to reduce their budgets for their next purchase.

Property buyers will be assessed to ensure they could repay their loans should interest rates rise 3 percentage points, up from 2.5 per cent previously, under recently announced rules by bank regulator the Australian Prudential Regulation Authority that are likely to cut buyers’ maximum borrowing capacity by about 5 per cent.

But with only 8 per cent of applicants borrowing their maximum, on Commonwealth Bank figures, most buyers are unaffected, meaning property prices are likely to keep pushing higher, albeit not at the same pace.

“It’s very much on the top of sellers’ minds to try to get a deal together before the market could be impacted,” The Agency Epping’s Catherine Murphy said.

Last time APRA made it harder to get a home loan, the decision preceded the financial services royal commission that threw bank lending practices into the spotlight, as well as the uncertainty of the federal election, and property prices fell.

Ms Murphy does not expect as much of an impact as last time, tipping prices to keep rising but at a more modest pace.

“If you know buyers, instead of being able to spend $2.5 million, they can only afford to be spending $2.1 million, that counts that buyer out of the game,” she said. “The more buyers you have, the more you end up selling for.”

Adrian William principal Adrian Tsavalas has seen some sellers keen to list sooner to take advantage of the unchanged borrowing capacities in the market now.

“There have been a couple of sellers who were on the fence about listing this year or next year,” he said.

“With the change in regulations and the possible change in borrowing capacity on the cards we’ve seen a number of sellers elect to list and sell this side of Christmas, just in case this has an impact on the market.

“It could possibly ease [price] growth but I don’t think it’s going to cause the market to retract.”

Foster Ramsay Finance principal mortgage broker Chris Foster-Ramsay has seen some buyers aiming to get a pre-approval quickly if they hope to borrow the maximum to stay in their preferred location, perhaps near family or the children’s school.

Some banks are still allowing new buyers, or those renewing pre-approvals, to borrow the maximum under the old rules before November 1, when the new rules kick in. Borrowers have 90 days to use their pre-approval before it expires, meaning buyers will be in the market with larger maximum budgets until the end of January.

Others such as Commonwealth Bank and Bankwest have already changed to the new rules, he said.

“Everything seems to be premium price and premium demand,” he said. “Agents foresee that happening right through until early next year when these changes kick in.”

Shore Financial chief executive Theo Chambers has been fielding questions from pre-approved clients asking how the change affects them and thinking they might need to buy sooner rather than later.

“People that were procrastinating about it are now feeling like they need to get moving,” he said.

“It’s almost a bit too late for those people because some of the banks will apply the change regardless of whether you’re already approved.”

Banks are also making their own changes, such as being more cautious about how much debt borrowers can take on relative to incomes, to reassure the regulator, he said.

Keen investors with multiple properties had been affected, although not dramatically yet, and were hoping to get in before the changes, Mint Equity director and finance broker Zac Peteh said.

One client already had a $900,000 budget reduced to $850,000, he said.

“The strategy that some of the investors had of waiting for the market to return, in terms of stock levels … there’s a little bit of a push with the investors to try and get something done now, rather than waiting until early next year,” he said.

Ray White chief economist Nerida Conisbee said the APRA changes were likely to affect real estate sentiment far more than how much buyers could or couldn’t borrow.

“For the majority of people it doesn’t make much difference and it won’t hit all parts of the market. It’s a pretty light touch overall and will make a minimal impact,” she said.

“I do think that deadline will see prices calm a bit though if only because the APRA changes are signalling that they are watching, they are not going to let it get out of control, and there will be a limit.”

Melbourne buyer’s advocate Wendy Chamberlain has not yet seen any impact on her clients, but expects that soon buyers may not be able to borrow as much money and will look at homes at a lower price point.

“I don’t’ know if it’s going to take the wind out of the market,” she said. “If you can’t afford to buy that house you’ll just drop into a lower price bracket.

“[Also,] the bank of mum and dad aren’t going to be affected by the APRA changes, are they.”

Ray White NSW chief auctioneer Alex Pattaro has not seen any impact on buyers from the announcement, with confidence at auctions still high.

“People are more keen to secure a home and get in simply because of the property prices rather than because of APRA,” he said.

“People are prepared to pay over for a property when there’s competition on auction day.”

Davidson Property Advocates’ Tonya Davidson has not seen the change directly affect her clients yet but is anticipating a flow-on effect.

“It’s been a topic of discussion and I think what that really relates to is perhaps a small shift in market sentiment,” she said.

“There’s a number of properties that have had price adjustments. I had an auction on Saturday [in which] I was the only bidder.

“A little bit of the shine has come off.”

 

Article Source: www.domain.com.au

from Queensland Property Investor https://ift.tt/3Cb4oDh
via IFTTT

The Monaco, Main Beach secures sell-out as one of Gold Coast’s most expensive apartment towers

Construction is now underway by McNab Builders, with an estimated completion date of 2023

The Monaco, the luxury Main Beach apartment development by the local developer Ignite Projects, has secured a sell-out.

The Rothelowman-designed, 24-level tower, with just 24 half and full-floor apartments, sold with an average sale price of $4.6 million. The penthouse secured $9.5 million when bought by a Sydney buyer, who was in lockdown at the time of purchase.

The tower will rank as one of, if not the most expensive on the Gold Coast, not counting the smaller, boutique beachfront projects that might only rise five or six levels.

It’s not the first time Ignite boss Josh Foote has seen stellar results recently, having quickly knocked over his apartment development at Palm Beach.

They sold out Cabana, a collection of 32 beachfront apartment, in six weeks, one of the quickest sell-outs the Gold Coast had seen for a long time.

The Monaco Main Beach 2-4 MacArthur Parade, Main Beach QLD 4217 

“The Monaco naturally took a little longer, given the near $5 million average apartment price”, Foote says.

“The buyer pool is considerably smaller, less than one per cent of buyers can spend that much.”

“The building is setting a new standard for the suburb, which is getting a well-deserved facelift thanks to the $205 million revitalisation of the Spit to turn it into the Gold Coast’s version of Hyde Park and a 300-berth marina at The Southport Yacht Club.”

The Monaco saw a mix of local buyers, and those interstate from Sydney and Melbourne, NPA Projects Director Andrew Erwin, who exclusively handled the sales, said.

“It will be a second home for a lot of the buyers, but some will be calling it home”, Erwin told Urban.

The Sydney-based buyer of the expansive two-level 630 sqm penthouse was impressed by the design and unrivalled location, and plans to use it for his ‘forever home’.

Construction is now underway by McNab Builders, with an estimated completion date of 2023.

Foote says there’s no surprise to see the heightened demand for the Gold Coast, which he expects to continue now the country has seen what locals have seen for years.

“It’s just all about lifestyle, 100 per cent”.

The developer worked on a few projects with a friend in his native Auckland before moving to the Gold Coast.

“It wasn’t the value of the Gold Coast that brought me here, it was the lifestyle, and then the value become apparent.”

Foote expects to be heading back to the Southern end of the Gold Coast for his next development, but like many in the industry, is finding it difficult to find a suitable site, for the right price.

“I like developing down there. It’s where I live, and it’s probably the most beautiful part of the Gold Coast.

“But it’s that competitive at the moment, it’s hard to find a site that will stack up. Land value is so high due to the demand for houses in desirable locations, even really old houses where an interstate buyer can knock down and rebuild and still see value.”

He reckons great sites with any development potential have nearly doubled in price in the last 12 months or so. Crazy times.

 

Article Source: www.urban.com.au

from Queensland Property Investor https://ift.tt/2ZeTmOw
via IFTTT

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

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 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

from Queensland Property Investor https://ift.tt/3vB7ii5
via IFTTT

Monaco, Polites Plan $100m Runaway Bay Tower

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.

▲ 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

from Queensland Property Investor https://ift.tt/3G9WfBr
via IFTTT

Why Hope Island is attracting every kind of buyer

The best representation and offering of Hope Island living is the standout Hope Island Resort gated community, of which the Peninsula Collection represent the last apartments on offer

Hope Island, despite not being named after hope but instead colonial aristocrat Captain Louis Hope, remains one of Queensland’s premier living and holiday destinations.

Hope Island is attracting every kind of buyer, from young families who are attracting to the local schools, to downsizers and retirees who want to live the lifestyle that Hope Island offers.

Investors, as well as first home buyers, have been interested given the price point of the apartments on the island in comparison to the houses, which have fetched upwards of $10 million in recent years.

Infrastructure is already well in place on the Island, with marina shopping and dining precincts, medical facilities, and three 18-hole golf courses.  The Links Golf Club in particular is recognised internationally for its 18-hole championship design and multi-million dollar clubhouse.

Some other activities on offer include the nearby tennis centre, theme parks and diving attractions.

Hope Island also plays host to a bustling nightlife with some highlights being Georges Paragon, Boardwalk Tavern and The Verandah Bar.

New property on Hope Island however is becoming increasingly scarce, with only a limited amount of land left to be developed.

There’s been huge demand due to the lack of supply for Peninsula Collection, the last stage of the The Peninsula Hope Island, a development by the ASF Group.

Peninsula Collection 52 Harbourview Drive, Hope Island QLD 4212 

They’ve seen everything snapped up, from the blocks of waterfront land on offer, to a variety of townhouses.

Peninsula Collection is the last piece for ASF, comprising just 63 apartments designed by Archidiom.

The three-bedroom apartments, which have nearly 120 sqm of living space, start from just $565,000. The three-bedroom apartments rise to $780,000 for the 133 sqm apartments, which also include a study room.

The biggest apartments on offer, with five bedrooms and four bathrooms, have nearly 180 sqm of living area and start from $1.28 million.

A limited number of the 5-bedroom apartments include a dual-key access option and many of the three-bedders come with a study integrated into the floorplan.

Completion is forecast for 2023, with construction set to begin in a few months.

Residents will also have access to The Peninsula BBQ area and waterside gazebo beyond the Hope Island Resort offerings like a fitness centre and swimming pool.

 

Article Source: www.urban.com.au

from Queensland Property Investor https://ift.tt/3jmFau8
via IFTTT