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GV Property Group’s recent sales shows Gold Coast market is far from slowing down

Market Insights
1 year ago
3 minutes

Lucrative Gold Coast based real estate consultancy, GV Property Group (GVPG), is responsible for yet another set of development site sales. With three major parcels sold by GVPG and their launch of an extensive central Gold Coast opportunity, it is clear that this market only continues to thrive.

The first site, 1177 Gold Coast Highway, Palm Beach was sold to Sydney-based Daascon for over $6.3 million via an expressions of interest campaign. It was the six separate owners residing on 1177 Gold Coast Highway who joined forces to bring the site to sale. The 825 sqm lot garnered over 90 enquiries and six written offers from local and interstate developers alike, affirming its desirability as an address that boasts a second frontage to sought-after Jefferson Lane.

Samy Saad, Managing Director of Daascon, says that “The team at GV Property Group helped us secure an amazing site in Palm Beach on the southern Gold Coast. Their knowledge of the area and development market made them invaluable during our search for our first Gold Coast development. The site's beachside position along Jefferson Lane and a stone’s throw to the ocean’s edge is what we all love about the Queensland lifestyle - a home in the sun and by the sea.”

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An aerial view of 1177 Gold Coast Highway, Palm Beach sold by GV Property Group. Image courtesy of GV Property Group.

The trend of neighbours selling as a collective persists as amalgamated sales are worth a more premium price than individual listings, especially when paired with the continually rising demand for property.

GVPG is responsible for another collective sale at 4-6 Rosewood Avenue, Broadbeach. The 1,422 sqm site is currently occupied by 13 apartments and was sold by expressions of interest to a Brisbane-based developer for over $11 million. It received five offers from well-known local and interstate developers.

Down the road, at 158 Surf Parade, Broadbeach, GVPG administered another collective sale of six owners of a prime 640 sqm high-density and unlimited height site. A Brisbane buyer, looking to develop a boutique one-per-floor project, purchased the property for around $6 million. The future development will have much potential as the site allows for an east-facing view of parklands and sweeping ocean and coastal views.

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The unlimited height site at 158 Surf Parade, Broadbeach sold by GV Property Group. Image courtesy of GV Property Group.

GV Property Group’s latest listing at 46 Scottsdale Drive, Robina has already received promising interest. The 4,719 sqm landholding comes with a permit allowing seven levels of 100 residential apartments, plus commercial, designed by renowned BDA Architects. This exciting development site is now up for sale via expressions of interest and closes on Thursday the 28th of July, 2022.

Antonio Mercuri, GV Property Group’s Principal and Director, states that the group has sold more than 50% of its listings to interstate buyers within the last two years. Moving forward, Mercuri believes this will continue to be the norm.

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Render of 46 Scottsdale Drive, Robina, selling now by GV Property Group. Image courtesy of GV Property Group.

“Developers with experience understand that quality sites are not easy to obtain,” Mercuri explains. “These groups operate with a long-term mindset, knowing that a key piece to any developer’s future is the sites they have in the pipeline.

“GV Property Group’s unique network allows bonafide developers the chance to genuinely explore the opportunities presented, along with creating competition with both local and interstate buyers to achieve our sellers a premium result.”

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Header image of 46 Scottsdale Drive, Robina courtesy of GV Property Group.