A haven for re­tirees

The Courier-Mail - Home - - New Apartments, Units & Townhouses -

SALES at the Gold Coast’s land­mark re­tire­ment highrise de­vel­op­ment, the $220 mil­lion Vic­to­ria Tow­ers, have topped $35 mil­lion.

De­vel­oper City Plan Part­ners has now sold 52 apart­ments in less than one year at the Southport CBDbased project.

Ray White Surfers Par­adise Group’s project mar­ket­ing di­rec­tor Ju­lian Suther­land said the sales suc­cess of Vic­to­ria Tow­ers was proof of an emerg­ing trend that re­tire­ment liv­ing was be­com­ing more at­trac­tive to end-users and in­vestors, thanks to the free­hold pur­chas­ing model.

Mr Suther­land said the abil­ity to pur­chase a re­tire­ment apart­ment un­der strata ti­tle was com­ple­mented by Vic­to­ria Tow­ers’ qual­ity prod­uct of­fer­ing, its broad mix of recre­ational choices, aged­care ser­vices, su­pe­rior lo­ca­tion and the growth po­ten­tial of the re­tire­ment ac­com­mo­da­tion sec­tor.

Vic­to­ria Tow­ers was one of the Gold Coast’s most suc­cess­ful apart­ment de­vel­op­ment projects in 2009 with the project among the top five for sales in the last two quar­ters of the year ac­cord­ing to the lat­est

The fig­ures show the project came in sec­ond place in the June quar­ter with 27 sales and fourth place in the Septem­ber quar­ter with 25 sales.

Apart­ments range in size from 77sq m to 179sq m and are priced from $412,000.

“To be one of the Gold Coast’s best sell­ing projects in 2009 across all high-rise de­vel­op­ments is an out­stand­ing achieve­ment when you con­sider the nar­row tar­get mar­ket for Vic­to­ria Tow­ers,” Mr Suther­land said.

“The sales suc­cess is tes­ta­ment to the in­creas­ing de­mand for qual­ity and in­no­va­tive re­tire­ment de­vel­op­ments which of­fer a free­hold pur­chas­ing model.

“The free­dom to pur­chase a free­hold apart­ment in a cen­tral lo­ca­tion sur­rounded by an abun­dance of es­sen­tial ser­vices and life­style op­tions such as the Gold Coast Hospi­tal, Aus­tralia Fair Shop­ping Cen­tre and the Broad­wa­ter are prov­ing to be key sell­ing points.

“Vic­to­ria Tow­ers’ res­i­dents will also have all their aged care needs and recre­ational needs taken care of un­der the same roof.”

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