Stockland locks in $13.5 million Hope Island waterfront deal

Leading developer Stockland has confirmed its acquisition of a waterfront site at Hope Island for $13.5 million.

The purchase of the 3.3 hectare site at Marina Quays Boulevard is Stockland’s first stand-alone medium density acquisition in the state.

Stockland general manager of medium density Ben Cantrell said the site was an enviable waterfront location, surrounded by excellent established housing, golf courses, and opposite the proposed town centre that will be include a supermarket.

"This acquisition aligns with our strategy to diversify and broaden the reach of our residential business through mutual density development, by offering our customers high-quality architecturally designed homes, in key locations at affordable prices.”

The site is around the corner from Stockland’s Foreshore Coomera development, where the Coomera Town Centre will become home to the northern Gold Coast’s biggest shopping complex and new central business district.

Stockland is proposing a diverse range of townhomes to appeal to “upgraders, downsizers and first home buyers”, with approximately half of the townhomes in the new community to have water frontage.