A $40 million luxury apartment project at Hope Island Resort on the Gold Coast has sold more than $28 million of residences ahead of completion. GH Properties says 14 of the 21 Sage apartments have sold at an average price above $2 million. The developer's managing director, Ellen Guan, said the boutique, north-facing waterfront units have drawn strong interest from downsizers. Prices start at $1.63 million for large two-bedroom apartments and $1.96 million for three-bedroom apartments. Residents will have access to the resort's golf course, pool and wellness programs.
Hay Shire Council has unanimously approved a modified proposal to expand two new residential units on Russell Street from 60 square metres to 78 square metres. The single-storey, low-maintenance units are designed to meet local needs by providing medium-density housing for downsizers and smaller households.
A roughly $10m off-the-plan apartment sale at One Redcliffe has highlighted a shift in Queensland's housing market towards apartment living. Developer Gardner Vaughan Group says downsizers now favour about 120 square metres with three bedrooms, down from about 160 square metres with four bedrooms four years ago. Director Sam Gardner says buyers want to stay in familiar suburbs, avoid large property upkeep and use their space more efficiently. He also says the next generation of wealth transfer could fund more apartment purchases.
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A luxury apartment development in South Brisbane has recorded $519 million in sales before going on the open market. Developer Aria Property Group says the Sanctuary Residences project is Queensland's biggest apartment launch in history. Buyers are showing strong interest in larger three and four-bedroom homes, priced from $2.72 million and $4.01 million. Of the 231 apartments, 86 remain available. The remaining units will be released publicly on October 19, with prices expected to rise. Construction is due to finish in mid-to-late 2029, ahead of the 2032 Brisbane Olympic and Paralympic Games.
Queensland's Hervey Bay and Agnes Water have seen a significant increase in property sales, with over-50s estates generating $39 million in transactions. This surge reflects a growing trend of downsizers seeking coastal retirement locations.
