PROPERTY PORTFOLIO
2021 MARKET UPDATE WITH STEVE HUNT | MEDIAHUNT.COM.AU
MARKET MOMENTUM
There appears no end in sight to Southeast Queensland’s burgeoning property scene.
Greenwich - Ention Properties
Maison Broadbeach - Little Projects
Eve Residences - Homecorp Property Group
Northshore - Marquee Development Partners
IT’S HARD TO BELIEVE SOUTHEAST QUEENSLAND is still reaping the rewards of a golden era, given the past 18 months have been nothing short of exceptional. Throw in the mix a successful 2032 Olympic bid by Brisbane, and southern buyers eager to leave behind lockdown-addled states for good, and we find ourselves witnessing yet another magnificent quarter that has defied expectations. Research commissioned by Colliers reveals the Gold Coast recorded almost $800 million in new apartment sales in the first quarter of this year – just $112 million shy of combined new apartment sales across the entirety of 2020. That is a truly incredible statistic that demonstrates the acceleration in our property boom – a boom that is seeing more and more people moving to the region and more and more developers lodging plans with council to meet market demand.
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The million-dollar question: how long can this last? Well no one knows the future but Southeast Queensland is certainly poised to reap the rewards of endless lockdowns and decisions by people in southern states to uproot here. The centrepiece of recent announcements has to be SPG Land’s $800 million megadevelopment which will transform a Surfers Paradise site into a landmark urban oasis for the tourism precinct. The kicker – a suspended glass-bottom lap pool that will allow residents to float 26 storeys in the air with a clear view to street level below. Meanwhile an exceptionally rare offering for the Broadbeach market has been unveiled in Little Projects Co’s exclusive collection of just 29, full floor and double storey apartments for a coveted pocket of Broadbeach.
The project is currently before council and will be marketed by Jayde Pezet of KM Sales and Marketing which is involved in a number of boutique beachfront projects on the Coast. In the weeks following the 2032 Olympic Games announcement, Brisbane’s luxury off the plan apartment market was sizzling. In an exclusive pre-release, Pikos Property Group achieved more than $30 million in sales in its stunning $200 million Skye apartments overlooking the city and Brisbane River at Kangaroo Point. This market momentum has flowed into the central and northern Gold Coast where we’re seeing an emergence of unprecedented opulence along the gleaming Broadwater stretch. With a lower price point than its southern counterparts, the central and northern Gold Coasts are also steaming to life with new projects.
