While most of us are well aware of the great migration to sunny Queensland, a report by Muval breaks it own further to recognise Southport as the most popular suburb for migrating Aussies.
The Muval Index: Unboxing Australia’s Relocation of the Nation shows an incredible demand for the Gold Coast - particularly Southport - with many Aussies enticed by the area’s slower pace of life, friendly locals and postcard-perfect sceneries.
Southport is traditionally regarded as the heart of the Gold Coast and is ideally positioned overlooking Broadwater and the famous sandbar Southport Spit. Nestled in a quiet and peaceful section of Southport, just moments from the water, is Waverley Residences - a $30 million ultra-modern, luxury development inspired by coastal living.
While most first home buyers looking to purchase a traditional, detached house are forced to compromise on their ideal location, those buying the final few Waverley Residences apartments will have access to the best of Southport just moments from their doorstep.
A quick stroll through Southport, and it’s hard not to be swept away by the area’s appeal. The precinct is brimming with natural beauty, culture and urban amenities. Waverley Residences enjoys a prime position at the heart of all this - within minutes of spellbinding waterways, parklands, hospitals, the CBD, Australia Fair Shopping Centre and a selection of prestigious schools.
The state government is adding to this already incredible offering with the Southport PDA Development Scheme, which aims to position Gold Coast as s world-class city with Southport primed to serve as its capital. Additionally, Southport has received $5 billion in public and private investments and a reported $309.9 million in new projects earmarked for the next few months.
Infrastructure investments are also contributing significantly to the revitalisation of Southport; these include upgrades to the infrastructure, the Gold Coast Light Rail, Gold Coast Chinatown, Broadwater Parklands and improvements across a range of public spaces.
In line with the Muval report findings, Southport’s population is projected to increase by 320,000 over the next 20 years - serving as a strong indicator of Waverley Residences’ potential. Additionally, Queensland witnessed the highest number of property settlements in the Sept-21 quarter - the standout performer amongst Australian mainland states. Having recorded a 3.4% rise from the previous quarter and a 42.5% rise from the previous year, the market is forecasted to continue its upward trend in the coming years - serving another layer of confidence for any first home buyer.
With prices starting from $485,000, Waverley Residences is an incredibly rare opportunity for those looking to enter the market on the right footing. The architectural design, quality build and prime location mean buyers can be assured the apartment will continue to build value over time.
Waverley Residences has strictly limited stock and considering the heightened market interest in high-calibre, Southport developments, the remaining apartments are not expected to stay on the market for much longer. To discuss how you can own a slice of the booming Southport property market click here.
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