Real Estate FROM COAST TO COUNTRY
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Tweed Coast apartments remain hot property By Jonathon Howard THE TWEED Coast remains one of the hottest locations to buy in the country, with massive interest in waterfront homes and apartments. Among the top sellers is the new $75-million boutique residential apartment building Pama at Casuarina, which is pending approval via Tweed Shire Council at 5 Grand Parade. The development’s latest media release highlighted that around 65 per cent of the apartments have sold in just four weeks. Pama Casuarina comprises a total of 47 two, three and four-bedroom private residences across four storeys, with the plans outlining that the site’s height will be predominately within the 13.6-metre height restriction. Prices start at $1,065,000 for a twobedroom apartment, $1,750,000 for three bedrooms with a multi-purpose room or study and four bedrooms from $2,475,000. Luxury apartment marketing agency Total Property Group is managing the sales of Pama Casuarina’s private residences and said the continued strong demand for property in the Tweed, the high quality of the apartments, and the desirable location of Casuarina Beach have contributed to the high sales results. Total Property Group managing director
Adrian Parsons said a wide variety of buyers were taking up the opportunity to own an apartment at Pama Casuarina, due to the growing popularity of Casuarina Beach and the limited supply of quality owner-occupier apartments available between Byron Bay and Kingscliff. He said local purchasers were the first to secure their new apartments at Pama Casuarina with nine selling to buyers living within 10 kilometres of the development site. “Local buyers were the first to purchase as they are fully aware there is a limited opportunity to own a luxury apartment in Northern NSW,” Mr Parsons said. “A significant proportion of Pama Casuarina buyers are from the Gold Coast and Brisbane, and apartments have also been selling to southern buyers with a four-bedder snapped up by a Sydney family for a holiday home. “These buyers plan to either relocate and live permanently at Pama or use their apartment for a holiday home or investment property. “Rising demand for property in Northern NSW and the limited stock available has presented a unique investment opportunity to the market and buyers have acted quickly to avoid missing out.” Being developed by Holm Developments and DeMartini Fletcher in a joint venture,
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Pama Casuarina is attracting a lot of interest from locals and outside buyers
Pama Casuarina developer, Holm Developments Director Godfrey Esmonde, says the development team identified the 4,083-square-metre site in the heart of Casuarina Beach as a unique opportunity to deliver a signature collection of premium apartments designed specifically for the owner-occupier. “We are pleased Pama has been received so well, particularly by local buyers who have given the development a strong vote of confidence,” Mr Esmonde said. “Pama Casuarina has been designed to appeal to a wide range of demographics
from downsizers and families to relocators and holiday home purchasers seeking an easy going lifestyle, whether it be permanently or for weekends and holidays. “Our vision for this development is based on the potential for the large site in the heart of Casuarina Beach with its unique village atmosphere, pristine beach and the local amenity. “We wanted to create a place that people could escape to, where everything they do in is made easy – mornings made easy, play made easy, escape made easy.”
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