The sales surge follows on from the one day sellout of 18 prime waterfront lots for $10.22 million in May this year.

Marketing manager David Small said the most recent run of sales took slightly longer than the one day sellout, but the end result was virtually the same and all the blocks are now sold.

The land is located only metres from the Hope Island Resort golf clubhouse and was priced from $385,000 to $690,000. All homesites face east and only one bridge, with a 3.5 metre clearance, separates the land from the Hope Island Resort marina basin and the Coomera River.

“It was extremely good value and this is evidenced by the fact that the majority of purchasers were locals, with a mix of Brisbane residents, and virtually all of them plan to build their own homes on the land and life there,” he said.

“With the cheaper blocks purchasers will be able to create a brand new waterfront home for under $1 million including land which is unheard of in today’s environment.

“ They are perfect homesites for people with a sports cruiser or non-masted vessel who want to live in a resort environment and enjoy all the benefits and privileges that such living provides.”

Mr Small said the allotments ranged in size from 624 square metres to 892 square metres. One purchaser took four allotments and plans to build homes on them for sale and investment.

Hope Island Resort has gained a reputation as the super yacht Mecca of the Gold Coast with its wide deep canals and sheltered harbours perfect for owners of large craft.

The remaining waterfront allotments within Hope Island Resort are expected to sell quickly.

Mr Small said in addition to the strong demand for waterfront land sales had also been strong for the resort’s variety of build product.

“We have waterfront duplex apartments in a ground floor/first floor configuration with spectacular views across the waters of Lake Lugano to the golf course priced for $845,000 and we have freestanding homes on dry lots within Gracemere and they are all in strong demand,” he said.

“They are priced from $715,000.

“The market may have pulled back from its peak, but sales rates are still strong, prices and being maintained or increasing slightly and purchasers now realize that supply is finite.”


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