Harry Triguboff's Meriton offering vendor finance for off the plan Ocean, Surfers Paradise highrise buyers

Harry Triguboff's Meriton offering vendor finance for off the plan Ocean, Surfers Paradise highrise buyers
Harry Triguboff's Meriton offering vendor finance for off the plan Ocean, Surfers Paradise highrise buyers

Meriton, who claims its latest Gold Coast developmentOcean will transform the Surfers Paradise beachfront, have been seeking buyers with generous terms.

The tower will be home to both luxury residential and hotel suites under the Meriton Suites brand.

Australia's largest apartment developer offered a fixed 3.1 percent vendor financing, for up to three years and for 90 percent of the purchase price.

It is also available on NSW projects.

The company has typically offered Meriton Property Finance options available of up to 80 percent lend on a two-year, fixed interest rate loan.

One bedroom apartments are priced from $450,000 with two bedrooms starting at $750,000.

Ocean, rising 75 storeys against the Gold Coast skyline, will be home to a five-star hotel, and bespoke residential apartments.

There will be a resident only sky pool and gym on level 33, beach club podium on level 5, and a retail precinct including a full-line supermarket, childcare centre, cafes and a restaurant.

Ocean will be home to 258 apartments starting from level 45, all featuring views which will tower over the neighbouring buildings by at least 40 storeys.

Designed by architects SJB, Ocean will be Triguboff's 19th tower on the Gold Coast.

Its will be the third tallest tower in the Gold Coast area.
 
The tower will set the record for number of apartments in one building.
 
Ocean is set for a 3833 sqm site on the Esplanade which Meriton bought for $58 million in 2017.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Gold Coast Meriton

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