For many, the idea of a family home might conjure up images of a quiet suburban house, white picket fences and a bit of a back garden. However, the new generation of family dwellings is taking to the sky, with apartments an alluring prospect for people looking to settle down.
We're taking a look at two projects in the pipeline, and whether an apartment could be the right Gold Coast property investment for you.
Apartments a popular choice on the Gold Coast
Across the Gold Coast, the popularity of apartments doesn't appear to be slowing down any time soon, with a number of projects selling out before completion and even a potential shortage of new apartment stock in Southern Gold Coast.
Now 15-storey apartment tower Allegra is attracting families to its slick units, with the Gold Coast Bulletin reporting that three units have been sold to none other than three different generations of the same family. After living in the Gold Coast suburb of Pacific Pines for 17, the family was looking for a change one their daughters had moved out.
"My wife is a nurse at the Gold Coast University Hospital and will be able to catch the light rail to work," buyer Justin Brown told the Bulletin.
"I already travel to the Southport Aquatic Centre a couple of times a week to swim, which will be even easier after we move in."
The $64million apartment tower is located in Southport at 139 Scarborough Street, and features brand new designer apartments with outdoor terraces. The development project, due to be completed in 2017, offers 114 one- or two-bedroom units with panoramic windows and ensuite bathrooms.
Just two minutes' from the iconic Surfer's Paradise, Allegra's location is another key drawcard for potential buyers.
"Southport is really coming into its own as a fantastic area to live and, with the Commonwealth Games on our doorstep in just under two years, we'll be in the box seat to experience all the excitement and action," said Mr Brown.
"When my parents – who live in New Zealand and are retiring next year – saw the project, they decided to buy as well."
A golden opportunity on the horizon
Another exciting Gold Coast development project on the horizon is ASF Consortium's dazzling 'golden tower', The Au, which is reportedly only a matter of weeks away from getting council approval. Plans for the Southport project show a 694 unit tower with a mix of 1-4 bedroom apartments and studios, while an artist's impression paints a picture of a slender high rise clad in eye-catching gold.
"There are still some ongoing discussions about final development conditions but we are hoping (an approval) is not too far away," ASF senior development manager Dean LaVigne told the Gold Coast Bulletin.
"We are optimistic that we will get it through in the next few weeks and are excited to get underway."
The Au's Southport address places it inside the Southport Priority Development Area (PDA), which includes the local business district, Broadwater Parklands and the former site of the Gold Coast hospital as well as residential areas between Railway and Queen Street.
Ready to make your move?
If your family has been thinking about downsizing, or you're looking for a change of scene, an apartment could be the perfect fit for you. Whatever your needs, the expert team at Ray White Projects Gold Coast is here to help. With access to projects across the region, we can also provide expert advice to make your property journey a smooth one.
To find out more, get in touch with us at Ray White Projects Gold Coast.