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Gold Coast Apartment Update

  • March 04, 2020
  • balarteam1
  • Investment, Realty

Buyers of new Gold Coast apartments were out in force during the holiday period with Ray White Projects revealing a significant spike in sales and expressions of interest over December and January.

Ray White Projects’ newly appointed head of projects, Caitlin Rosenboom, said interest was strong across a range of projects, including luxury apartments that saw one buyer securing an off-the-plan spectacular two level penthouse apartment for $6 million.

“We took more written expressions of interest and issued more contracts for new projects in December and January than in the preceding 12 months,” said Ms Rosenboom.

“It’s an incredible result that has been supported by strong interest from local buyers and interstate downsizers, with a distinct focus on owner-occupier-style apartments among both groups.”

Ms Rosenboom described the holiday period as one of the best in years for the local property market.

“Volumes were aided by the influx of visitors during the summer break, and that was evident in the bumper passenger numbers recorded by Gold Coast Airport over December. Some buyers were determined to combine a holiday with looking for a property, with many of them planning to relocate to the Coast over the next year or two,” she said.


“We secured four contracts of between $2 million and $6 million at Main Beach and Surfers Paradise during the holiday period.

“Properties that are garnering the strongest interest are those that are nearing completion and currently under construction, and those with total construction timetables under 24 months.”

Among the high-profile, luxury developments in Ray White Projects’ portfolio include One16 The Esplanade, Allure and Serenity, located in Surfers Paradise, and White at Main Beach.

“Our sales team is perfectly positioned to continue to dominate the new and off-the-plan market throughout 2020,” said Ms Rosenboom.

The strong sales achieved by Ray White Projects speaks to strengthening market conditions which were reflected in the recent Ray White Surfers Paradise (RWSP) The Event auctions, held January 25.

“2020 has been the strongest start to a year we have witnessed in our 30-year history,” Mr Bell said.


“We are seeing very positive signs of growth in the Gold Coast’s property market, with the highest numbers of inspections and viewings we’ve seen in the past two years, speaking to renewed confidence from both buyers and sellers,” Mr Bell said.

Ms Rosenboom said both she and Andrew Bell are positive the growth and renewed market confidence will continue throughout 2020.

Ms Rosenboom, a co-founder of Place Projects, has 20 years’ experience in the property industry, selling a number of key developments in Brisbane’s inner-east and working closely with developers such as Watpac, Stockland, BMI Group, Urban Properties and Jadecorp.

She leads a significantly expanded team at Ray White Projects as the Ray White Surfers Paradise Group gears up for another year of sustained growth on the Gold Coast in 2020.

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