Gold Coast premium apartment buyers go with the flow
Given the recent sell-out of Flow Residences, premium Gold Coast off-the-plan buyers are looking at the remaining stock in other recently announced projects.
Flow Residences was named Australia’s fastest selling beachfront apartments following their $74 million sell-out in late October.
Located on the southern Gold Coast, Flow is the project of avid surfer and local property developer Paul Gedoun. Overlooking Coolangatta’s Rainbow Bay from its 1 Petrie Street position, the S&S Projects development will deliver 22 premium residences exclusively for owner occupiers.
Designed by Cottee Parker, each apartment within the 12-storey building offers ocean views of the pointbreak and the Gold Coast. Its amenities include a full-level residents beach club on the ground floor, with an outdoor heated pool, a recreation deck, private dining and function spaces and a gym.
The last apartment sold was a 241sqm, three-bedroom, three-bathroom, half-floor ‘oceanic residence’ valued at $3.2 million, which sold for $3.15 million in an unconditional sale in mid-October.
The majority were sold to local buyers from Queensland, with seven apartments sold to interstate buyers from NSW.
The project is expected to reach completion in 2022.
Other luxury developments on the market in the Gold Coast
Luxury developments are popping up all over the Gold Coast as demand increases for residences with water views and luxury resort-style facilities.
In just the last month, boutique US hotel operator Mondrian has announced it will launch its first brand residence in Australia at Burleigh Heads. Designed by architect Elenberg Fraser, the project will include 89 luxury private residences and 208 guest rooms with the pricing yet to be revealed.
But in case you've missed out on Flow, here are a few of our favourite new luxury developments on the Gold Coast:
1. Chevron One
Located at 36-44 Stanhill Drive, Chevron One stands 40 levels tall in the Gold Coast’s Surfers Paradise.
Designed by Marchese Partners and developed by Bensons, the project offers 236 one, two and three-bedroom configurations, resort-style amenities and an organic sculptural form.
Amenities within the project include an outdoor lagoon pool with floating cinema, an indoor pool and spa, a gym and a residents’ lounge.
Apartments in the complex start from $365,000 for a one-bedroom and from $1.175 million for a three-bedroom.
2. Palm Beach Residences
Situated between Burleigh Heads and Currumbin Point, Palm Beach Residences offers 80 two and three-bedroom apartments with views of Burleigh Heads, the Pacific Ocean and Gold Coast hinterland.
Designed by BDA Architecture, the CRU Collective project includes an 18-metre resort pool boardroom, zen garden and surfboard racks. The project has an estimated mid-2022 completion.
3. Acqua Palm Beach
With an affordable entry price of just $495,000 for a two-bedroom apartment, Acqua is attracting interest from first home buyers or smart investors. Situated at 10 Third Avenue, the project offers 62 two and three-bedroom apartments with resort-style amenities.
Amenities within the Marquee Development project include a glass-edge pool, rooftop retreat and fitness centre.