$33 million Hope Island land estate achieves 70% sell-out amid high local demand

The pending opening of the Queensland borderis motivating local Gold Coast and Brisbane buyers to secure land within the $33million, 46-lot land estate The Gallery in Hope Island, developed by localdevelopment company GH Australia.

The Gallery, located within the Links HopeIsland Resort, has achieved a 70 per cent sell-out, generating in excess of $20 million to be one of the best-selling Gold Coast land estates of 2020.

Tony Hymus, sales and marketing consultantfor The Gallery, said thehigh interstate demand in the community, combined with the imminent opening ofthe border, is driving locals to quickly purchase before southerners can snapup the limited land remaining.

“Wealready have a range of prospective interstate buyers who are pre-bookinginspections at the end of this year, expecting the border to open soon,” saidMr Hymus.

“Thehigh demand from interstate buyers for lifestyle-based properties like TheGallery is motivating local buyers to secure their property choice now.

“It’san incredible phenomenon and shows how Covid-19 is actually supporting sales inGold Coast developments and land estates.”

Withjust over a month until the proposed Queensland border opening, four Brisbanebuyers have purchased within The Gallery in the past few weeks.

Only 15 golf and waterfronting land lots remain in this unique enclave, with prices starting from $582,000for a 608sqm lot and blocks up to 873sqm priced from over $1 million.

Mr Hymus said interest in The Gallery has been spreadacross a diverse range ofdemographics, from interstate downsizers seeking a sea change to overseasinvestors and young local families.

“The Gallery represents a very soundinvestment opportunity for discerning buyers given the growing interest in thenorthern Gold Coast and the limited availability of undeveloped land in theregion,” said Mr Hymus.

“The Gallery is nestled between the rollingfairways of the award-winning Links Hope Island golf course and the saltwatercreek nature reserve. With all the other unique lifestyle benefits of living atHope Island Resort on the doorstep, it’s no surprise that the land opportunityoffered within this community has been met with such great interest.”

The Gallery is an exclusive, secure precinctof the Hope Island Resort that provides 24/7 gated security and many otherbenefits.

Construction works were recently completedand the builders of the first homes have now moved into action. Residents areexpected to begin moving in from April next year.

The strong sales received in The Gallery isevidence of the high demand for the golf and waterfront lifestyle the NorthShore of the Gold Coast offers.

Directorof GH Australia, Ellen Guan, said they are pleased to have witnessed suchstrong interest in The Gallery from local and interstate buyers.

“Covid-19is certainly driving a lot of the sales activity we are seeing. Interstatebuyers are seeking a sea change and due to the limited availability of land inthe region, this is driving locals to purchase quickly too,” said Ms Guan.

“With construction of the first homescommencing this month, and the remaining land selling fast, we are hoping tocelebrate the sell-out of this great community in the coming months.”

Land within The Gallery offers residents asense of privacy and exclusivity, set away from existing developments and homeswithin Hope Island. It is close to everything yet has a sense of seclusion.

Arefurbished clubhouse and additional amenities such as a gym are in thepipeline and will add to the community and recreational appeal on offer.

TheGallery is located within easy reach of the $65 million Hope Island MarketPlace, as well as the M1 and a range of great schooling, retail, medical andhospitality offerings.

Developersof The Gallery, GH Australia, is also behind the Links Hope Island Golf Club – oneof Queensland’s leading golf clubs, the Noosa Springs Golf & Spa Resort,and the Park Sydney project, which is one of the largest master-planneddevelopments in Sydney.

Forfurther information on The Gallery visit https://www.thegallerylhi.com.au/.