Demand for property on the Gold Coast is booming with large numbers of interstate migration driven by its relative affordability compared to other Australian cities, the absence of strict lockdowns and, of course, that beautiful Queensland sunshine.
According to the Urban Developer’s Gold Coast Housing Market Insights: August 2021 report, before the pandemic, Gold Coast city planners were working to the expectation that the population would reach 1 million by 2041. Now, according to forecasts in the federal budget, the population is expected to approach 1 million in the next four years, with an increase of more than 250,000 people.
Unsurprisingly, this population increase has led to an unprecedented demand for apartment buildings on the Gold Coast.
Property developer Macquarie York is keeping up with high demand, with 3 residential developments currently underway on the Gold Coast.
With 30 years of industry experience behind Macquarie York’s managing director, Roy Skaf, the developer has yielded outstanding results for their apartment development Allure, on Chevron Island, with 95% of the 95 luxury residences now sold. Construction is well underway with the development expected to be completed on schedule in mid-2022.
“Allure has been a great success; we are down to our last few apartments,” Roy says.
“I knew that Chevron Island was one of the best locations on the Gold Coast and it was just a matter of time before buyers snapped them up.”
Allure’s position ensures it is removed from the hustle and bustle of Surfers Paradise, yet still connected to the best the area has to offer. The opulent homes comprise expansive indoor and outdoor living spaces that flow seamlessly together, taking advantage of spectacular views and the sub-tropical climate. Residents will love ending their day watching the sunset from the rooftop infinity pool, cocktail in hand.
Wanting to capitalise on this stunning location, Macquarie York is working on a second project on Chevron Island – a 78-apartment development designed by Plus Architecture. The development is located on a 1000m2 site, formerly home to two smaller residential properties at 8 and 10 Parneno Street. The 21-storey building is set to be the tallest structure on a street of mostly single storey and low-rise buildings.
“Our new Chevron Island project will be a cut above the rest in terms of amenity, building design and the city skyline views from every apartment,” Roy says.
“We learnt what buyers were looking for from Allure, and we refined this project to meet the needs of that local market.”
The third of Macquarie York’s new developments is located further south at Palm Beach. Ocean House is an exclusive collection of 8 whole-floor, ocean-view residences designed by BDA Architecture. Construction on the luxury boutique development is commencing in November this year.
If you’re looking to buy your first home, downsize, invest or purchase a holiday home on the Gold Coast, contact the team at Macquarie York – they’ll be sure to have the perfect residence for you.