FEATURE: SANCTUARY COVE LIVING — LAND
SANCTUARY COVE LAND SALES HIT $50 MILLION
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anctuary Cove, Australia’s leading master-planned community, has led the renaissance of waterfront living on the northern Gold Coast for more than 30 years. The past year highlighted the increasing appeal of the growing community, with Sanctuary Cove achieving a record $50 million in developer land sales as local and interstate buyers swooped on available waterfront and dry lots that are becoming increasingly scarce on Hope Island. As well as new developer sales, was a record-breaking $12.8 million transaction for a resale waterfront block that notched up another milestone in the prestigious community’s performance. While there is limited stock currently on the market, Sanctuary Cove is offering dry lots from $895,000 and marina-view lots from $1.2 million which are positioned well for value-conscious buyers. A local Sanctuary Cove couple outlaid the $12.8 million for the supreme waterfront block in one of Sanctuary Cove’s most prestigious streets, where home sales recently passed $10 million. The land was previously sold for $8.4 million in 2015, with the new owners looking to build a sprawling three level
home capturing 270-degree views north and south to Surfers Paradise across the 128m waterfront block. Sanctuary Cove property has enjoyed significant capital growth over the past two years, driven by demand from local and interstate buyers. John Hughes, the General Manager of Sales for Mulpha Sanctuary Cove, said buyers continue to see unrivalled value in Sanctuary Cove, supported by an exceptional array of amenities at their doorstep with an unparalleled value proposition around the lifestyle achievable in the community. “It really has been the perfect storm with local buyers jumping in knowing full well the zealous appetite from interstate purchases for quality land offerings within one of Australia’s premier and most iconic resort communities,” said Mr Hughes. “As a result, we are seeing the records topple and land prices increase as local, interstate and some overseas buyers seek to become part of a safe, secure and aspirational resort community without peer. “The value for product at Sanctuary Cove is just unmatched, supported by an exceptional array of lifestyle amenities at their doorstep.” “Our community is absolutely thriving as a
result of the prosperous demand, and we’re witnessing unprecedented property sales as the affluent seek their slice of unrivalled prestigious living. “Sanctuary Cove remains a beacon for the well-heeled, and with no end in sight to interstate migration to the Gold Coast, I believe this reputation will only be strengthened now that state and territory and international borders re-open.” Mr Hughes said buyers of new properties at Sanctuary Cove have included a mix of south-east Queensland locals as well as interstate buyers. “Over the past two years, a significantly high number of local buyers have dominated our sales, as witnessed with the most recent record-breaking land sale,” he said. “We’re now seeing more interstate buyers coming through at the moment following the free movement of people across state borders. “Many buyers are drawn by the compelling value that Sanctuary Cove still offers, especially within the context of a masterplanned resort community. The value difference has been a key driver of buyer activity at Sanctuary Cove for some time and this is likely to continue.
Sanctuary Cove International Boat Show 2022
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