Final slice of $77 million Chevron Island luxury anticipated to vanish from market in coming weeks

As apartment supply dwindles across the Gold Coast, one last grab at luxury living remains in Macquarie York’s final release of coveted residences in the $77 million Allure on Chevron Island. 

Just five sprawling 3-bedroom plus MPR apartments remain in Allure after a $72 million sales spree which has brought the stunning 17-storey collection of residences to near sell-out.

The final release of residences are priced from $1.1 – $1.3 million and are anticipated to be snatched up by buyers hungry for new Gold Coast product. 

Urbis’s Gold Coast Apartment Essentials report for Q2 has revealed that only 4.2 months’ supply of apartments remain if sales rates continue as they are, and no new projects are released.

The central Gold Coast precinct remains the epicentre of market demand, accounting for or more than half the total sales on the Gold Coast over the second quarter.

“Allure has emerged with spectacular timing to a market rife with demand for high-quality residences in the heart of the Gold Coast,” said Macquarie York founder Roy Skaf.

“Locals in particular have a strong awareness of Chevron Island’s distinctive charm, retaining a village-like atmosphere while being just moments from the vibrant coastal precinct just across the bridge.

“Allure has also captured the attention of savvy interstate buyers either looking to make a home for themselves surrounded by opulence, or those seeking a savvy investment opportunity in an area of incredible appeal.” 

Local owner occupiers have descended upon the Chevron Island project, seizing the opportunity to get their hands on Allure’s scintillating collection of two- and three-bedroom units rising above its surrounds. 

67 of the 90 sales to date have been to owner occupiers with 75% of those being local buyers and the other 25% comprising southerners moving from NSW & VIC. 

The remainder of sales to investors represented a blend of local and interstate buyers, with 50% coming from local purchasers, 40% from NSW and 10% from VIC.

Construction of Allure is currently underway with completion expected early next year.

Macquarie York’s Gold Coast debut success of Allure has spurred plans for the developer to introduce its prestigious product to the southern Gold Coast, laying plans for an ultra-boutique collection of residences in Palm Beach.