Yves strikes a chord with local buyers to achieve sales of $80 million in first three weeks of release

Melbourne developer Hirsch & Faigen has struck a chord with local buyers with its latest Gold Coast development, Yves at Mermaid Beach, securing more than $80 million in sales in the first three weeks of the project’s release.

The $200 million development, located at 7-9 Mermaid Avenue on the doorstep of the Gold Coast’s sought-after millionaire’s row, Hedges Avenue, is making waves with Brisbane and Gold Coast downsizers who account for 70 per cent of the early sales.

First-home buyers are also in the mix, driving one of the most successful project launches on the Gold Coast in recent months.

Yves brings to the market a diverse collection of luxury residences in one, two and three-bedroom designs, in addition to the premium offerings of two four-bedroom half-floor sub-penthouses and a single full-floor penthouse.

“The demand we’ve experienced in recent weeks shows the market remains strong despite the latest Covid outbreaks,” said Hirsch & Faigen's Sales Director Matt George.

“Yves is generating interest from a broad range of buyers looking for the lifestyle afforded by this exclusive pocket of Mermaid Beach, just a stroll away from Pacific Fair and the Broadbeach entertainment precinct. The Gold Coast is also still proving to be hugely popular with investors.”

The highest price paid for an apartment in Yves is $2.995 million for a sub-penthouse, bought by a Melbourne investor. Negotiations are also underway on the other sub-penthouse with a price tag of $2.495 million.

Buyers from Sydney and Melbourne accounted for 20 per cent and 10 per cent respectively of the recent sales.

“Brisbane buyers are predominantly buying a second property while Gold Coast buyers are either downsizing or first-home buyers,” said Mr George. “Five of the eight one-bedroom apartments have sold to local first home buyers.”

One-bedroom apartments are priced from $550,000, while Yves’ ultra-luxe offering, the penthouse, is on the market for $5.5 million.

The Yves penthouse is right at home alongside the luxury residences in nearby Hedges Avenue, offering 335sqm of interior living space plus an additional 71sqm of private external living. The expansive full-floor sky home comprises four bedrooms, MPR, study, 4.5 bath, and three car spaces, while boasting a coveted north-east aspect over the Pacific Ocean and the Gold Coast city skyline.

Yves is the third project launched by Hirsch and Faigen on the Gold Coast in recent years and comes on the heels of the success of the group’s Hemingway project at Palm Beach and Emerson at Kirra.

The company, renowned for quality residential and commercial developments, petroleum, horse racing wine interests, is based in Melbourne but has interests across Australia.

Yves, designed by award-winning architect Rothelowman, brings to the market 145 apartments across 24 levels, complete with an exclusive suite of amenities for residents. This includes a 20-metre lap pool, kids’ garden, fully equipped gym and yoga studio, wellness spa and sauna as well as a private rooftop sky lounge and wine bar.