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Over 75% sold at Southport apartment development, The Mill

The Mill

Delivered by boutique property development group, Property Solutions, led by developer Fabio Rossi, the Mill boasts spacious, light-filled apartments nestled within a leafy landscape

With over 75% of the apartments on offer at The Mill, Southport sold, just a quarter of the 27 apartments remain.

Delivered by boutique Property development group, Property Solutions, led by developer Fabio Rossi, The Mill boasts spacious, light-filled apartments nestled within a leafy landscape.

Expansive floorplans feature two bedrooms and two bathrooms, with refined finishes and high-quality fittings.

The Mill

The Mill 137 Eugaree Street, Southport QLD 4215 

Designed by BDA Architecture, the apartments have been positioned to take in the prevailing breezes and captivating views, while a private outdoor garden room provides the best in indoor-outdoor living.

Kitchens feature elegant inclusions, such as stone benchtops, 2-pak joinery and integrated European appliances.

The homes also feature lift access, timber flooring, air conditioning and one car space with generous separate storage.

With lift access to the rooftop, residents can enjoy The Mill’s private terrace, complete with alfresco dining areas and barbeque facilities.

The Mill holds an enviable position in the vibrant suburb of Southport, inviting residents to enjoy the most of Gold Coast living.

Located in its heart, the development is within close walking distance to shopping, lifestyle amenities and employment opportunities.

Residents can enjoy being close by Australia Fair, Harbour Town and Pacific Fair Shopping Centre, or the new $550 million integrated master-planned community taking shape at Queen Street Village.

Once complete, it will feature an urban village with retail, dining and entertainment, as well as commercial office space, a medical centre and cinema.

Prestigious schools are also within reach, including St Hilda’s School, the Southport School, Griffith University and Gold Coast TAFE.

This month Mayor Tom Tate said the Gold Coast’s population could reach one million by 2036 — five years earlier than expected, providing incentive for investors to purchase a property in the growing urban area.

The City Council has committed $11 million to subsidise new bus routes, while $25 billion has been invested in infrastructure to transform the region into a globally competitive city.

 

Article Source: www.urban.com.au

Developments

Paradiso Place set to redefine living – Surfers Paradise, Gold Coast

Paradiso Place set to redefine living, Surfers Paradise GC

Locals are dominating the apartment sales at Paradiso Place, the new premium residential precinct planned for an entire city block in northern Surfers Paradise on the Gold Coast, with Tower 1 of the three-tower mixed-use development instantly appealing to a couple who purchased two apartments.

Locals Martyn Shedd and Amy Degenhart purchased two apartments; one to occupy and a second apartment as an investment to accommodate visiting family and friends.

It’s a huge vote of confidence in Paradiso Place from the couple, who are directors of an award-winning architectural firm specialising in the urban design space.

After many months of due diligence, it was Paradiso Place that ticked off their long list of criteria for the ultimate oceanside apartments.

The $800million Paradiso Place is a landmark development of distinction being developed by SPG Land on an 11,483 sqm whole city block site between Surfers Paradise Boulevard and Ferny Avenue at the northern end of Surfers Paradise on the Gold Coast, consisting of three residential towers sharing a ground-level retail and dining plaza and a level one podium with extensive five-star, resort-style amenities.

“As an urban designer and architect, we have a full understanding of placemaking, so we are highly sensitive to the visual environment and what sets Paradiso Place apart for us is the way SPG Land is creating a village, not just apartment buildings,” Martyn and Amy said.

“We respond to the way spaces work and how people relate to them. This notion of living close to amenity you can walk to is important to us and the facilities provided at Paradiso Place are one of the main reasons why we chose to live there.

“The whole development has been really well designed to support lifestyles of the future. To have access to five-star resort amenities, a retail and dining precinct on the ground level, plus a whole floor within our own building dedicated to co-working spaces have been some of the driving factors behind our decision to purchase two apartments.

“The 2.95m ceiling height was another drawcard. We know how important the vertical space is and the floor-to-ceiling windows really capitalise on that. Not only does it feel more spacious, but there are practical aspects too, like extra cupboard space.

“Paradiso Place will also have a porte cochère and a separate surf entry, which were items on our wish list that we didn’t expect to find.

“We have no doubt that our apartment at Paradiso Place will be the right fit for us.”

Paradiso Place set to redefine living Surfers Paradise

Paradiso Place set to redefine living GC

Tower 1 of Paradiso Place offers 258 well-appointed one, two and three-bedroom apartments across 38 levels, with ocean views. One-bedroom apartments start at $525,000, two-bedroom apartments begin at $777,000, two-bedroom plus multi-purpose room apartments are priced from $1,248,000, and three-bedroom apartments from $1,549,000. Details on the two penthouses are yet to be released.

Luxury apartment marketing agency TOTAL Property Group is managing the apartment sales of Paradiso Place and has reported strong interest from a wide range of local buyers, along with interstate and overseas purchasers either relocating to, or investing in the Gold Coast.

“We are predicting continued growth for the Gold Coast this year with higher buyer and rental demand driving the market,” TOTAL Property Group Managing Director and Paradiso Place Marketing Manager Adrian Parsons said.

“The Gold Coast lifestyle is attracting a large migrating population as well as investors with their eye on hot property destinations now that international travel has returned.

“The apartments at Paradiso offer incredible value and are an affordable option for a premium apartment close to the beach with ocean views.

“SPG Land is setting new standards for lifestyle residential developments and has given a great deal of consideration to creating highly desirable living spaces with apartments in Tower 1 having ocean views and market-leading 2.95m ceiling heights in the living areas and 2.65m in the kitchen and bathrooms.

“The extensive amenity provided at Paradiso Place and in each of the three towers is indicative of SPG Land’s commitment to world-class innovation and revolutionary design of smart, efficient residential homes that offer high quality lifestyles.

“Paradiso Place presents an exceptional residential opportunity for apartment buyers looking to own a luxury apartment close to the beach, all with ocean views and the highest levels of amenity and walkability.”

More information on apartments at Tower 1 can be discovered at the expansive $4m Paradiso Place Sales Gallery that includes two full-scale apartments, a spacious grand foyer showcasing design features of Tower 1’s lobby and an impressive 2.5-metre scale model of the three-tower development.

A 60sqm immersion room and virtual tours of the Paradiso Place development enable purchasers to experience the views, location and SPG Land’s vision for Paradiso Place, while free onsite parking offers purchasers the opportunity to spend time exploring the full-sized apartments, quality of luxuriously-styled finishes and extensive amenities throughout Paradiso Place.

 

 

Article source: www.yourneighbourhood.com.au

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Gold Coast

Rents to rise in popular Gold Coast suburbs

Rents to rise in popular Gold Coast suburbs, Paradise Point

TENANTS in two Gold Coast suburbs should prepare themselves for a potential rent rise, a new report has warned.

The quarterly HOOD.ai Tenant Report identified the top 20 locations across the state where landlords were likely to push up rents at their next rental reviews, with tenants in Paradise Point and Merrimac on the Gold Coast firmly in the firing line.

Renters in Paradise Point, most famous for its rich-lister enclave of Sovereign Islands, have been hit by a staggering 47.5 per cent rise in median rent in the past 12 months.

Second only to houses in Burrum Heads in Maryborough, which had in increase of 51.5 per cent.

The report shows that the median rent in Paradise Point is $745 a week, with vacancy rates remaining tight at 0.7 per cent, which is up from $505 a week and a 0.9 per cent vacancy rate in 2021.

In Merrimac, which scraped in at No. 20 on the list, the median house rent has hit $650 a week this year, up from $520 in 2021, a rise of 25 per cent. The suburb’s vacancy rate has dropped from 0.7 per cent to 0.4 per cent.

HOOD.ai founder and CEO Tommy Fraser said the report highlighted the issue of rental affordability.

“Paradise Point has seen vacancies tighten over the past 12 months, perhaps because it’s such a prestigious waterside suburb,” Mr Fraser said.

“This is driving rental prices higher.

“Moving a few suburbs away won’t offer any reprieve, with the wider market seeing rental increases of 25 per cent for houses and 14 per cent for units in the past 12 months.”

“It is hard to see things easing in the short-term, with very few building approvals in the pipeline for houses or units.”

“Vacancy rates are low in many parts of Australia, and often falling as well, which is putting upward pressure on rents.”

Rents to rise in popular Gold Coast suburbs,Macadie Way

Three-bedroom 31 Macadie Way, is available to rent for $750 a week in Merrimac.

To make sure every suburb had a legitimate rental market, suburbs were excluded if they had fewer than a total 500 properties and if rental properties made up less than 10 per cent of the total housing stock.

Suburbs were then ranked based on the highest change in suburban rental rates during the previous 12 months.

Property research consultancy Suburbtrends supplied the data.

Top 20 locations in Qld where landlords are likely to push up rents.

1. Burrum Heads, Houses

2. Avoca, Units

3. Paradise, Poin, Houses

4. Chelmer, Houses

5. Chuwar, Houses

6. Pomona, Houses

7. Beerwah, Houses

8. Gympie Unit

9. Bungalow Houses

10. Black Mountain, Houses

11. Corinda Houses

12. Yeppoon Houses

13. Jindalee Houses

14. Karana Downs Houses

15. Jones Hill Houses

16. Peregian Springs Houses

17. Tin Can Bay Houses

18. Hawthorne Houses

19. Montville Houses

20. Merrimac, Houses

 

 

Article source: www.realestate.com.au

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Gold Coast

Gold Coast’s Prestige Home Prices Surge by 20pc

Gold Coast’s Prestige Home Prices Surge by 20pc , Gold Coast’s luxury home market

The Gold Coast’s luxury home market has continued to outperform all other major Australian cities with prices expected to jump by another 10 per cent this year, according to Knight Frank research.

The Gold Coast, now one of the country’s fastest-growing regions, has been awash with rich buyers during the past 12 months, fuelling a sharp rise in prime residential prices.

The coastal city experienced median price increases of almost 60 per cent across some suburbs last year, creating a cascading effect across neighbouring areas.

According to Knight Frank’s Prime International Residential Index, the Gold Coast has now shot from 12th position to seventh after a 3.1 per cent spurt in the last quarter.

The city overtook Sydney in February as the country’s best performing prime market after clocking 19.3 per cent growth during the past 12 months.

Sydney’s prime luxury home prices grew by 16 per cent, Brisbane rose by 11.3 per cent, while Perth and Melbourne were up by 11 per cent and 10.9 per cent respectively in the past year.

Supporting the surge in prime real estate has been the growth in the population of ultra-high-net-worth individuals—those with a net worth of $40 million or more.

Over 2021, Australia’s ultra-high-net-worth individuals population grew by 10 per cent to 20,800 people, above the global average.

Knight Frank head of residential research Michelle Ciesielski said the demand for luxury homes would probably rise further this year as the population of ultra-rich is predicted to swell.

“Rather than ‘steady and sustainable’ growth, it’s fair to say the growth in the last year was ‘stellar and spectacular’ in the prime residential market,” Ciesielski said.

“The high demand for luxury homes has seen a literal race for space, with ultra-wealthy Australian buyers competing for large waterfront plots, and large apartments with roof terrace, balcony or outdoor space.”

Prime global cities index Q1 2022 (ranked by annual % change)

CityCurrent rank Q1 2022 (ranks in Q1 2021)Annual growth Q1 2022 (rate in Q1 2021)
Gold Coast7th (22nd)19.3% (3.5%)
Sydney9th (25th)16.0% (1.9%)
Brisbane12th (21st)11.3% (3.8%)
Perth13th (20th)11.0% (4.1%)
Melbourne14th (27th)10.9% (0.4%)

^Source: Knight Frank

Buyers swooped on the luxury property sector, particularly in suburbs such as Miami, where house prices shot beyond 44 per cent to $1.2 million over the past 12 months, and Mermaid Waters, which has lifted by 41.9 per cent to a $1.2-million median.

In neighbouring Mermaid Beach, a colossal 32.4 per cent hike sent house prices to a historic $2.07 million median.

With more demand than supply, Knight Frank is now expecting predicted Gold Coast prestige property prices to increase by 8 per cent this year, Sydney by 9 per cent and Melbourne by 7 per cent.

“There is now widespread concern as new homes have generally been shrinking in size over recent years and with significant lags in construction coupled with supply chain issues, it’s going to take some time to deliver,” Ciesielski said.

“This will only generate a premium on large luxury homes for some time to come.”

Around the world, the top city for prestige price growth was Dubai, where prices skyrocketed 58.9 per cent in the 12 months to March.

It was followed by Miami, up 33.1 per cent, Toronto, up 24 per cent, San Francisco, up 23.4 per cent and Los Angeles, which lifted by 22.8 per cent.

Prime prices in two of the world’s largest residential markets, London and New York, have also continued to shake off political uncertainty and tax changes with their prime markets rising at their fastest rates in the past seven and six years respectively.

The biggest slowdowns over the past quarter were across the Asia Pacific. Wellington, Guangzhou, Shanghai and Shenzhen saw their annual rates of growth slide by 17 per cent, 15 per cent, 8 per cent and 7 per cent respectively over the first three months of the year.

 

 

Article source: www.theurbandeveloper.com

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