Northern Gold Coast Development Boom

The northern Gold Coastis witnessing rising property development activity as buyers rush to secure waterfrontland and off-the-plan apartments and townhomes in the booming waterfrontprecinct.

The Gold Coast NorthShore, encompassing the areas of Hope Island, Helensvale and its surrounds, isemerging as a thriving development region capturing the interest of localowner-occupiers and interstate buyers determined to secure some of the lastremaining waterfront land in the area.

Sally O’Neill, SalesAgent at Harcourts Paradise Point andnumber one Harcourts agent nationally, said Covid has driven buying activity inthe northern Gold Coast.

“Covid has had thereverse effect on the market to what we initially anticipated. Enquiries haveremained exceptionally high from local, Brisbane and interstate buyers,” saidMrs O’Neill.

“In many cases buyershave been motivated by Covid, choosing to move away from highly populatedcities, whilst also wanting to live in a place that is convenient andwell-connected which is exactly what the northern Gold Coast offers.”

One developmentcompany renowned for its contribution to the development of the northern GoldCoast is Keylin which has delivered over $100 million worth of residential projectsin Hope Island over the past three years.

Keylin’s latest venturein the northern Gold Coast is the $650 million Serenity 4212 project,undertaken alongside joint venture partner Kinstone.

The site was purchasedin October last year by the Brisbane-based developers for $50 million which was the largest residentialland sale on the Gold Coast since 2014.

The project has beenmet with exceptional demand by local and interstate buyers, generating over $72million in just seven months.

Over 80 per cent of the first stage, SerenityWaters, which offers 110 waterfront blocks of land has sold with a largeportion of sales achieved during the Covid-19 lockdown and restrictions.

Tony Ashwin, Directorof Ashwin Property whichis marketing the project said demand for waterfront associated land and properties hasremained exceptionally high, with Covid-19 not deterring buyers from purchasingwithin northern Gold Coast waterfront addresses.

“The Helensvale and Hope Island areas represent the new benchmark forquality at a price that is typically lower than other waterfront landassociated addresses across the country” said Mr Ashwin.

Following the strongsuccess at Serenity Waters, the developers recently launched the latest release– Serenity Green – a collection of 60 four-bedroom, two-and-half bathroomtownhomes.

Over a third of thetownhomes have sold with three first home owners taking advantage of up to $40,000in government incentives available.

Serenity 4212 adds toKeylin’s expanding portfolio on the northern Gold Coast which includes the ParkCove community, which offers a collection of 80villas, 31 parkside terraces, 16 waterfront homes – all of which have sold –and a final nine waterfront lots.

Keylin arealso behind the $30 million boutique Palladium project inHope Island, which offers 39waterfront villas in a secure and exclusive gated estate. Construction on the community is well underwaywith 70 per cent of the villas sold.

Sally O’Neill of Harcourts Coastal said that the shortageof stock and an abundance of buyers in the northern Gold Coast is driving thehigh demand in the region.

“The Gold Coast North Shore offers buyers everything theyneed all within a five-kilometre radius – including access to the Broadwater,the M1, shops and schools. The northern coast region really is the hidden gemof the Gold Coast.”

Nearby, Gold Coast luxurydevelopment company Aniko Group, led by George Mastrocostas, has recentlylaunched the second stage of its $140 million No. 1 Grant Avenue projectfollowing the high demand and sell-out of Stage 1.

No. 1 Grant Avenue willoffer 210 two, three- and four-bedroom apartments on an 8390sqm waterfront sitein Hope Island, with optional marina berths available allowing residents to takeadvantage of the prized waterfront location. 

Mr Mastrocostas saidNo. 1 Grant Avenue has maintained high interest amid Covid with numerousproperties selling sight unseen to interstate buyers at the height of thepandemic.

“Buyers are preparedto purchase sight unseen so that they can call a property in Hope Island home,and that’s very telling of the great interest there is in this area,” said Mr Mastrocostas.

“With borders openingthis month to most of New South Wales, and people now able to come inspect thesight for themselves, we expect inquires to rise further.”

GH Properties, behind one of Queensland’sleading golf resorts, Hope Island Resort, has witnessed increasing demand frominterstate buyers seeking a sea change.

GH Properties’ $35 million, 46-lot landsubdivision community, The Gallery, is capitalising off the growing demand inthe area and limited land availability, appealing to a range of buyers fromyoung families and downsizers to expats and overseas investors.

The northern Gold Coast offers spaciouswaterfront land, convenient access to a range of great amenities and developinginfrastructure and transportation options offering residents increased connectivity tothe Gold Coast and greater Brisbane.

Future infrastructureto benefit the region includes the Coomera Connector, Cross Rivers Rail Project,and the ‘Park and Ride’ at the Helensvale train station.

The northern waterways offer a boaties’ paradise withdirect access to the Gold Coast Broadwater and surrounding islands.

A range of world class golf courses are also within easyreach including The Palms at Sanctuary Cove and Links at Hope Island Resort.