For anyone in search of a waterfront lifestyle, the Gold Coast has been a premier destination for the past 40 years. But as time has passed, prime waterfront sites have become scarcer and scarcer.
Opportunities for buyers to grab their own slice of Gold Coast waterfront lifestyle are running out, according to Nerida Conisbee, chief economist at REA Group.
“Of all parts of south-east Queensland, Gold Coast has the most acute land shortage,” Conisbee says. “People think of it as being a high-rise area but most of the Gold Coast now actually consists of single dwellings. Land supply in the area is going to fall short quite quickly and land shortage means that the area will become more expensive – particularly near the water.”
Last of the north-facing waterfront land
Serenity 4212, the latest flagship masterplanned community from respected Brisbane-based developers Keylin Group and Kinstone Developments, will bring to market some of the last large, north-facing, absolute waterfront blocks on the Gold Coast.
The development is one of the last opportunities to cash in on the waterfront lifestyle enjoyed by residents of the prestigious Hope Island and North Shore region, says Tony Ashwin, principal of Ashwin Property.
“I’ve been working on new projects in this area since 1995 and this development stands out,” Ashwin says. “It offers the last of the large waterfront lots on the northern end of the Gold Coast.”
The 65-hectare development makes the most of the beauty and lifestyle afforded by the surrounding natural waterways and reserves, including Lake Serenity, Saltwater Creek, the Coombabah Creek and Coomera River. Mountains and a national park encompass the area, while 27 hectares of the development site will be returned to Gold Coast Council for additional parkland.
The nearby Springbrook National Park, part of the Gondwana Rainforests of Australia World Heritage Area, is one of the Gold Coast’s best-kept secrets and home to an abundance of native flora and fauna.
“This is an incredibly special location,” says Ashwin. “When you are on the site you see mountains and water all around. You don’t feel that you are actually in the centre of the northern Gold Coast.
“Every home site in Serenity 4212 has a view of the landscape. It brings together natural beauty, great boating access to the water, the benefits of the Hope Island region, the North Shore lifestyle and amenities like nearby Hope Island Marketplace.”
Ashwin expects many locals will be interested in the opportunity to upgrade their homes. Blocks will be generously proportioned, starting at 500sqm and ranging up to 1,326sqm, with homes, apartments and townhouses available.
“People can buy a block of land at 600sqm or 700sqm, build a new home and move in for $1.5 million,” says Ashwin. He expects downsizers and interstate buyers searching for quality waterfront living in a central location will find Serenity 4212 appealing.
Keylin Group and Kinstone Developments have a proven track record for creating high-end residential communities on the Gold Coast. Keylin Group has developed at Hope Island and Mudgeeraba, while Kinstone has built a number of residential developments and a masterplanned community in the region.
“Keylin have delivered over $100 million in homes through Hope Island in the past three years and Serenity will be a natural extension of that experience,” says Ashwin. “This will be a quality, on-time delivery and we expect the first lots to be registered in November.”
Interstaters long for the Gold Coast too
Conisbee expects that when sites become available there will be keen demand from buyers across Australia.
“When we look at property searches of people from outside Queensland, Gold Coast is usually the first or second most searched area,” she says.
“Everyone knows about it – it has a good ‘brand’. But added to all this is the fact this area is a really nice part of the world with good weather, good beaches and lots of amenities – it’s a very liveable area.
“It’s going to become harder to find a home on canal estates like Serenity 4212.”