Union Place - 34-38 Railway Crescent, Jannali

The Sydney born real estate agent Andrew Ramsey has been selling property on the Gold Coast for the last 15 years since moving from the Harbour capital.

And in that time Ramsey has seen the area evolve in to a world class destination.

&quot;The Gold Coast is no longer that transitional city that people used to consider for a short-time&quot;, Ramsey says.

&quot;The Gold Coast is now sophisticated, world class even, with its world class sporting facilities, shopping centres and golf courses.

&quot;It&#39;s a playground everyone wants to enjoy.&quot;

And that&#39;s certainly the case,&nbsp;as the Gold Coast has become one of the most sought-after areas in the country.&nbsp;Vacancy rates are currently less than one percent, according to SQM Research.&nbsp;In comparison, Sydney&#39;s vacancy rate is over three per cent and Melbourne&#39;s over four per cent.

<a href="https://www.urban.com.au/developments/gold-coast-qld?source_news_article_id=96596&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_0.jpg" width="1200" /></a>

&quot;People are buying things they wouldn&#39;t normally buy&quot;, Ramsey says.

&quot;There&#39;s huge demand for off the plan and existing apartments, the trouble is there&#39;s not enough existing that is top quality.&quot;

Ramsey marketed White Main Beach, the 27 level tower from developer White &amp; Partners, which saw 80 per cent of its apartment sales go to locals at an average price point around $2.9 million.

Only three apartments are left. Each apartment in the development spans a whole floor and has 325 sqm of living space.

[smartcode_project:default project_id=22056 project_image_fid=141004]

Ramsey said owner-occupiers wanted the big apartments that White offers in a boutique residential building, with downsizers keen on not having the expenditure and hassle of maintaining a house.

&quot;People are wanting to get away from holiday apartments as lifestyle is king, which is why there&#39;s been higher demand in the more premium end of the market,&quot; Ramsey says.

Ramsey has a few apartments left in Infinity, the Bassar Group&#39;s Broadbeach project of 60 apartments.

Construction has commenced on the 39 level tower designed by BDA Architecture. Another residents only tower, Infinity will feature private resident facilities including a 20m north facing pool with daybed area, a&nbsp;gym, alfresco BBQ space&nbsp;and multiple entertaining areas.

Prices for the remaining apartments start from $1,347,000.

[smartcode_project:default project_id=9748]

When discussing the&nbsp;current boom conditions, Ramsey doesn&#39;t see a slow down anytime soon, with further opportunities to open up when international travel returns to normal.

&quot;We haven&#39;t seen the overseas market,&quot; Ramsey says, adding that people are watching Australia and wanting to move here due to its response to the COVID-19 pandemic.

&quot;Research shows there is still a huge undersupply of apartments and demand is still well outstripping supply.&quot;

The demand has&nbsp;been seen across the board, from Palm Beach and Coolangatta as far north as Mermaid Beach.

"The Gold Coast is no longer that transitional city that people used to consider for a short-time", Ramsey says.



Joel Robinson

The Gold Coast is no longer a transitional city: Five minutes with Kollosche agent Andrew Ramsay

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Having spent $6 million plus on the penthouse in the upcoming Main Beach,Gold Coast, White complex, Billy and Jackie Cross have sold at Broadbeach Waters.

The $12.5 million sale of their trophy home equals the suburb record set last year for Villa Cantorocco.

Their home at 297-299 Monaco Street cost $3.561 million in 2009, not too much up on the $3.5 million sale price in 2004.

It sits on 2500 sqm riverfront set over two levels.

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The five bedroom residence boasts a gym with steam room and a man cave.

Its grounds have a tennis court and pool.

Kollosche Prestige listed it last September.

The two level penthouse is in White (below), a <a href="https://www.urban.com.au/new-apartments/white-24-26-woodroffe-avenue-main-beach">32-floor tower being built in Woodroffe Avenue</a>, where more than 50 per cent of sky homes are now under contract.  

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Kollosche’s New Projects team advised seven contracts have been signed on full-floor apartments over the Christmas-New Year period, at prices ranging from $2.525 million to $3.15 million. 

Developed by White &amp; Partners and designed by WMK Architecture, White features 27 luxury apartments located between the popular Tedder Avenue restaurant strip and the sand on Main Beach.

White &amp; Partners managing partner George Ajaka recently advised builder McNab would get building works underway by the end of the first quarter of 2021.

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The entertainment industry couple had previously owned another Main Beach penthouse in the residential-only Pintari building on Cunningham Avenue.  

Cross shot to national fame in the late 1980s as a member of hit male stage show Manpower, and then a string of nightclubs in Surfers Paradise and Las Vegas, where his Thunder from Down Under show has been a roaring success, according to The Gold Coast Bulletin.

Its 16-year Las Vegas residency has become one of the city’s top 10 

Cross grew up in Green Valley, in Sydney’s western suburbs in the 1970s, the son of an Arnott’s biscuit factory worker.
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