Coast Set for New Generation of Beachside Residential Apartments
Colliers International says owner occupancy in the Gold Coast's central coastal region is set to increase, with Mermaid Beach expected to lead the way.
Census statistics show there is already evidence of more Gold Coasters choosing to buy and reside along the central coastal strip, with Mermaid Beach marked as the most popular beachside locale with 43.5 per cent of dwellings now owned outright or mortgaged, followed by Broadbeach with 40.7 per cent ownership and Surfers Paradise with 39.9 per cent.
Colliers International Residential Director Andrew Roubicek says this trend should continue with savvy developers lodging applications for home-style apartments.
"We are starting to see more sophisticated projects on the drawing board, like the proposed Pindan development overlooking Hedges Avenue, Pindan has identified a shortfall in the market for larger, upmarket two and three bedroom apartments with two side by side car parks, storage, a secure area for home delivery and parcel collection and other features that embrace the beach lifestyle.
"It's all about addressing the pent up demand in the market place for apartments that provide the features of a private home and benefits of the apartment lifestyle - low maintenance living with space and storage."
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