Townsville's luxury market soars with 50% sales surge at Marina Residences

Private Townsville developer, Maidment Group, has made an impressive debut, with 50% of the luxury apartments in its highly anticipated Marina Residences already sold less than two weeks after its launch.

The sales success highlights the strong demand for premium living in North Queensland, with a significant portion of buyers being local downsizes who have been waiting for a premium offering of this calibre to enter the apartment market. 

With prices stating from $2.7 million, there has also been notable interest from buyers in South East Queensland and interstate, who recognise the exceptional value of this luxury offering compared to market prices in their own regions.

Located at the end of Mariner’s Peninsula on The Strand, Marina Residences is the first luxury waterfront apartment development to be introduced to the Townsville market in nearly a decade. 

“This early success in sales reflects the pent-up demand for high-end residential properties in the Townsville Market,” said Bruce Goddard, director of Place Projects who is marketing the project.

“Marina Residences represents one of the last remaining opportunities to purchase a luxury waterfront property, in a market that has been severely undersupplied for a long time. 

“We are seeing significant interest from local downsizers looking to move off their larger properties, without sacrificing quality or lifestyle.

“We’re also witnessing a surge of interest from buyers in South East Queensland and interstate, who not only recognise the exceptional value this development offers but are eager to secure a place quickly.” 

Designed by renowned Bureau Proberts and developed by Maidment Group, the project offers 18 luxury residences, including 15 three-bedroom apartments and three Sky Homes. Marina Residences offers an exclusive living experience with luxury amenities such as a rooftop pool, private meeting spaces, a gym, and panoramic views of Magnetic Island. 

This luxury residence is positioned to transform the high-end living standard in North Queensland, catering to an underserved market or premium waterfront living in the region.

“Buyers have been incredibly excited about the level of luxury and convenience that Marina Residences offers,” said Glen Maidment, managing director of Maidment Group.

“We designed Marina Residences with the highest attention to details, creating a residence that is more than just a place to live – it’s an exclusive lifestyle experience. 

“Marina Residences is situated in one of Townsville’s most sought-after areas, just steps away from the vibrant town centre and The Strand.

“Residents can enjoy a truly convenient lifestyle with easy access to cafes, shops, and the best local attractions, all while enjoying the peace and privacy of their own luxury home.”

This project follows the success of Marina Home, which sold all eight luxury waterfront homes off-the-plan earlier this year.

Based on the strong response to both developments, Maidment Group is confident that demand for
Marina Residences will remain robust. As construction progresses, Marina Residences is poised to become the crown jewel in Townsville’s waterfront living.

For more off-the-plan apartments and developments, click here.