Unit buyers Cotton on
KEEN buyers from Brisbane and the Gold Coast have paid out $9 million to Cotton Beach developers in the past 12 weeks.
The Casuarina apartments management reported the impressive figures on the back of their Spring campaign, which saw apartments sell between $279,000 and $850,000.
Marketing director Tim Willing said buyers have mostly been from north of the border, while others have come from as far as Tasmania and New Zealand.
“The Tweed Coast is more popular than ever with buyers from Queensland impressed with the ease of access to the area delivered by the Tugun bypass and anticipating it will only get better with work about to begin on the Sexton Hill upgrade,” Mr Willing said.
“They have realised they can secure an apartment in Cotton Beach for a fraction of the price they would pay for anything similar north of the border.”
The recent approval of the long-awaited Casuarina Town Centre has also been a catalyst for buyers, according to Mr Willing.
“When completed, the $400 million shopping project is expected to not only deliver increased amenities including a Coles supermarket, shops and restaurants, but add to the precinct’s appeal with new residents and visitors alike.
“At the same time, there are very few new projects on the Gold Coast with an absolute beachfront position where you can virtually step straight from the grounds and onto the sand.
Following the latest string of 18 sales, Mr Willing said there are just 15 one, two and three bedrooms apartments now available as part of the summer sales release.
Cotton Beach comprises a total of 129 one, two and three bedroom apartments within a three-level building.
It was developed by Multiplex Living.
“Cotton Beach has been attracting buyers from all walks of life; from those looking for a pure holiday home, to those wanting to own and occupy, to purchasers investing at today’s prices with the intention of downsizing to their apartment later in life,” Mr Willing said.
“Beachfront property is highly sought after, and with premium sites close to major urban centres being developed out, the opportunities to secure a new apartment or home on the water in south-east Queensland or northern New South Wales will be few and far between.”