Why Hope Island is attracting every kind of buyer
Hope Island, despite not being named after hope but instead colonial aristocrat Captain Louis Hope, remains one of Queensland's premier living and holiday destinations.
Hope Island is attracting every kind of buyer, from young families who are attracting to the local schools, to downsizers and retirees who want to live the lifestyle that Hope Island offers.
Investors, as well as first home buyers, have been interested given the price point of the apartments on the island in comparison to the houses, which have fetched upwards of $10 million in recent years.
Infrastructure is already well in place on the Island, with marina shopping and dining precincts, medical facilities, and three 18-hole golf courses. The Links Golf Club in particular is recognised internationally for its 18-hole championship design and multi-million dollar clubhouse.
Some other activities on offer include the nearby tennis centre, theme parks and diving attractions.
Hope Island also plays host to a bustling nightlife with some highlights being Georges Paragon, Boardwalk Tavern and The Verandah Bar.
New property on Hope Island however is becoming increasingly scarce, with only a limited amount of land left to be developed.
There's been huge demand due to the lack of supply for Peninsula Collection, the last stage of the The Peninsula Hope Island, a development by the ASF Group.
They've seen everything snapped up, from the blocks of waterfront land on offer, to a variety of townhouses.
Peninsula Collection is the last piece for ASF, comprising just 63 apartments designed by Archidiom.
The three-bedroom apartments, which have nearly 120 sqm of living space, start from just $565,000. The three-bedroom apartments rise to $780,000 for the 133 sqm apartments, which also include a study room.
The biggest apartments on offer, with five bedrooms and four bathrooms, have nearly 180 sqm of living area and start from $1.28 million.
A limited number of the 5-bedroom apartments include a dual-key access option and many of the three-bedders come with a study integrated into the floorplan.
Completion is forecast for 2023, with construction set to begin in a few months.
Residents will also have access to The Peninsula BBQ area and waterside gazebo beyond the Hope Island Resort offerings like a fitness centre and swimming pool.