Sales pace doubles as Aniko achieve near sell-out of Hope Island apartment development No.1 Grant Avenue
There's no doubt about it, the Gold Coast apartment market is at its hottest in years, and there's no slowing down.
The pace of sales at Aniko Property's $140 million No.1 Grant Avenue project at Hope Island has doubled, with its stage two nearly selling out in five months.
Aniko's stage one sell out came in less than 12 months, with both stages racking up a total of over $135 million in sales.
Only a handful of apartments in stage two remain, with the project's final stage, a collection of five three bedroom apartments, not expected to last long on the market.
Stage two will feature 105 two, two-plus-study and three-bedroom apartments, as well as a range of bridge-free marina berths available along the Hope Island canal.
Remaining apartments, designed by Archidom Design, will range in size from 122sq m to 155sq m and are priced from $649,000 to $695,000.
Sstage two will feature a ‘post pandemic’ office precinct for residents, as well as a recreation area which will include a health club designed by celebrity fitness guru Michelle Bridges, a children’s play centre, theatre, resident’s lounge and outdoor cooking and dining facilities.
Aniko Group, led by developer George Mastrocostas, accounted for 15 per cent of the overall apartment sales on the Gold Coast throughout the December quarter and more than 80 per cent in Hope Island, according to the planning and consulting firm Urbis.
“The strength of the buyer demand has been exceptional…and it’s getting stronger,” Mastrocostas said.
“It’s almost unprecedented. I have not a project perform this well in the market for quite some time in south east Queensland.
“But the remarkable run of sales and sustained demand for the product in No.1 Grant Avenue is also testament to the quality residential offering we have brought to the market.”
Aniko's sales have more recently been driven by buyers from the lockdown-fatigued southern states looking for a healthier and safer lifestyle. Downsizers, owner-occupiers and investors
The boom in sales will see Aniko fast-track to the launch of its next project at 6-8 Sickle Avenue, located adjacent to No. 1 Grant Avenue.