Sanctuary Cove's stellar $30 million sales year

Australia’s leading master-plannedcommunity Sanctuary Cove is enjoying a strong start to 2020 as constructionactivity cranks up after one of its strongest sales years in more than adecade.

The resort community capped off astellar year after posting sales of more than $30 million in 2019, many of themin the final weeks of the year and sales have continued into the New Year.

The sales directly correlate with awave of building activity across Sanctuary Cove’s diverse array of propertytypes as buyers look to complete their homes across rare remaining pockets ofwaterfront and golf course land.

“Our sales rates are some of thebest in the past decade and unequivocally reflect an improvement in the GoldCoast’s luxury market,” said John Hughes, the General Manager of Sales andDevelopment for Mulpha Sanctuary Cove.

“It confirms the positive trend wehave seen emerging in Sydney and Melbourne over the latter half of this yearwith prices there bouncing back sharply and producing some of the biggest gainsin decades for those markets.

“The momentum has also been buildinglocally and that’s good news for the Gold Coast market generally at a time whenconditions were fairly robust to begin with.”

Mr Hughes said buyers of newproperties at Sanctuary Cove have included a mix of south-east Queenslandlocals as well as interstate buyers, with many focusing on the latest releasesfrom The Peninsula Collection located within the exclusive Sanctuary Pointprecinct.

Almost $25 million in new homes areunder construction at Sanctuary Point which offers some of the rarestwaterfront blocks in Queensland.

“The market is definitely on themove again, and despite the downturn in Sydney over the past couple of years,prices for luxury homes at Sanctuary Cove still offer exceptional value, especiallywithin the context of a master-planned resort community,” said Mr Hughes.

“The value difference has been a keydriver of buyer activity at Sanctuary Cove for some time and this is likely tocontinue into the new year.

“The Sanctuary Point precinct also offerssome of the last north-to-water waterfront lots on the market and, when coupledwith decreasing land supply in and around Hope Island, the compelling value ofSanctuary Cove becomes even more evident.

“We believe this has been one of themany underlying factors behind our exceptional sales performance so far thisyear.”

Sanctuary Cove has been the GoldCoast’s premier and awarded gated residential resort for more than 30 years,gaining an enviable reputation as the region’s most exclusive residentialaddress.

It is home to two championship18-hole golf courses, the five-star InterContinental Sanctuary Cove Resort andthe community’s beating heart, the Marine Village, which offers a host ofdining and retail facilities.

For more information, visit, www.sanctuarycove.com.au.