Peninsular Residences


Sales:

  • Apartments now 80% sold – final stage release now on sale
  • Peninsular is one of the best-selling new apartment projects on the Gold Coast in 2018

Builder:

  • Rawcorp appointed – a multi award winning local builder
  • An outstanding track record of performance with 30+ years’ experience by the owners
  • Recently built 2 similar sized projects for Peninsular’s Project team, in both cases building finished ahead of schedule and to high quality finish

Construction:

  • Commencing: June 2018
  • Completion: Target October 2019

Valuation:

  • A valuation report completed for a major Australian Bank providing the Construction finance supported our sale prices of Peninsular Residences, with 100% of apartments valued to the dollar or within 0.7% of the current price list

Local Investment:

  • The federal government have just announced $1Billion of funding for the upgrade of the M1 between Gold Coast and Brisbane


$1Bn M1 Upgrade

Builder: Rawcorp

Prime Minister Malcolm Turnbull commits $1 billion to widen the motorway to six lanes between Varsity Lakes and Tugun and to eight lanes between Eight Mile Plains and Daisy Hill, while extending the busway to Springwood.

Award winning builder, Rawcorp has been selected after previously delivering 2 multi-unit apartment projects for Marquee Development Partners. In both cases delivered ahead of schedule and to an extremely high standard.

Top Golf USA

Commonwealth Games

Direct from the USA, Australia’s first Topgolf attraction is to open on the Gold Coast in June 2018. Currently under development by Village Roadshow on a six hectare site adjacent to Warner Bros is expected to attract major tourism and business to the area.

The action and excitement of GC2018 has been shared with a cumulative global audience of 1.5 billion. Gold Coast Hotel operators are reporting major increases in demand from future tourists globally after watching it on TV and online.

Under supply of rental properties

7.5% rental growth

GC local agents highlighted the lack of rental properties as an issue. This has triggered a larger number of tenants looking for shared-accommodation opportunities. Current vacancy rate on the Gold Coast is only 1.1%, one of the lowest in Australia and much lower than 2.2% in Sydney and Melbourne.

GC weekly median rent for three-bedroom houses, two bedroom units and three-bedroom townhouses increased in the range of 2% to 8 % in 2017. Two-bedroom units recorded the most solid increase equivalent to an annual growth of 7.5%, which is significantly above annual inflation.

Avg 2 applications per rental property

100k new jobs

GC property market was the number 1 performing market in QLD in last 12 months for rentals and capital values.

QLD: 100,600 new jobs in the last 12 months, that is approx. 25% of all new jobs in Australia.


Source: AAP and Queensland Market Monitor – click here.

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