The Gold Coast property market is surging, with median unit prices finishing 2021 at 26% higher than the previous year. Demand is strong, thanks to a fertile combination of interstate migration, relative affordability, low interest rates and eased restrictions.
V&A is already seeing a flurry of success in the market, with its first release kicking off in December 2021 with impressive results.
Catering for a premium market
The enquiry has been unprecedented at V&A, and it’s the premium offering that is attracting buyers’ attention.
“V&A’s campaign is off to a soaring start, with an incredible $70-million-plus worth of stock already sold in the last month – and there are over twenty more EOIs expected in just the coming weeks,” David Higgins, Director at Colliers QLD, says.
Resonating with the buyers are the generously-sized residences combined with the sheer scale of the amenity, with many purchases close to the $3.5 million mark. This is well and truly over the Gold Coast’s median unit price and reflective of the development’s unique and diverse offering, which caters to buyers at the luxury end of the market who are on the hunt for that something special.
“V&A is attracting premium buyers looking for that magical combination of lifestyle, amenity and location,” Sam Arnaout, CEO of developer Iris Capital, says.
“There’s an appetite for superior, larger apartments in the Gold Coast market and V&A caters for this.”
V&A is a new oceanside precinct in Broadbeach offering a diverse range of 1+MPR, 2, 3 & 4 bed apartments and a spectacular penthouse collection with breathtaking views. The residences are split into two towers: Victoria Residences, with 278 apartments, and Albert Residences, with 121 apartments. So far, only Victoria Residences have been released to market.
Along with its residential offering, the mixed-use precinct includes a subtropical recreational podium, a sky lounge for residents, two levels of premium office space and commercial facilities, and a vibrant new retail arcade.
Artist Impression – Bathroom
Don’t miss out on the exciting new release of Albert Residences
Due to the overwhelming demand for premium apartments within V&A, the Albert Residences are expected to be released in March.
The Albert Residences have piqued the interest of the hyper-local Gold Coast market looking for an upgrade in lifestyle while enjoying the best location in Broadbeach for walkability.
There has also been high levels of interstate interest, particularly from New South Wales and Victoria, consistent with overall market trends; an increase in sales is expected after the Omicron wave has peaked and more buyers are willing to travel.
To stay informed of upcoming releases, register your interest via our online form. You can visit the V&A Sales Display at 20 Albert Avenue, Broadbeach; call 1800 733 046 for more information or to book a private appointment.