Opportunities in the property market these days are well and truly endless. With new trends becoming precedents, it’s easy to see why the market is accelerating so effortlessly. Amir Prestige have kicked off October on a high with extraordinary sales across the board, signaling the seemingly interminable force of the prestige property market.
From renovators, to knockdowns, properties priced under one million dollars are now considered a bargain. This change in precedent indicates a slowdown is not looming anytime soon for the property market, offering prosperous news to buyers, sellers, and investors alike. Presently, residents of the Gold Coast are literally moving upward – trading in those large family homes for low-maintenance luxury apartments in distinguished locations such as Broadbeach, Mermaid Beach and Palm Beach.
Looking around the Gold Coast, you’ll see mountainous skyscrapers burgeoning out of the ground – demanding your attention. With this sight tightly wound into the psyche, it’s no wonder why more and more people are escaping the notion of living in a family home and downsizing. However, this by no means a considerable downsize, people are purchasing apartments that certainly do not compromise on total living space. Indeed, developers are taking this into account with more and more new developments encompassing larger apartment options with suburban home-like living space.
You see, the Gold Coast is experiencing the highest prices the city has recorded in decades, with long-term homeowners of majestic suburban property looking to transition to prestige beachside apartments better suiting their needs – cutting down on factors such as rudimentary maintenance. Our New Projects division is facilitating many luxury apartment sales being bought off the plan, demonstrating that there is a considerable window of opportunity to sell large on large residential homes, then subsequently allocate some of that return towards an apartment.
Consistent sales, high clearance rates, combined with significant numbers at Auctions are yet another persistent reminder of the strength of the market. At the end of the day, properties are opportunities. Oftentimes, opportunities don’t come around often. So, when they present themselves in such a strong and unique fashion, exploiting them to their full extent will provide the most prosperous and lucrative of financial comfort.