$55 million in sales for first Surfers Paradise Jewel release

| Sep 24,2015

Some 28 apartments in the beachfront Jewel development in Surfers Paradise have been sold in the first week, totalling $55 million.

Sales spanned $675,000 for a one bedroom plus, through to $5 million for a high-floor, three-bedroom luxury apartment.

Pre-launch sales began 19 September.

Jewel director of sales and marketing Andrew Bampton said early purchases were from people that either live on the Coast, have friends or relatives living on the Coast, or have visited in the past for holidays.

"Jewel is the Gold Coast’s first absolute beachfront development in 30 years, making our residences the first in a generation to enjoy unfettered beach access," he said.

Remaining apartments in the first release of the $970 million, three-tower Jewel development will be made available to the public from 10 October.

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Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.