De­mand, sales drive wa­ter­front re­lease

The Courier-Mail - Home - - HOME -

A BOOST in buyer con­fi­dence has prompted Sanc­tu­ary Cove to roll out its first wa­ter­front land in five years.

The third re­lease within the Tris­ta­nia precinct fol­lows strong sales at the exclusive golf and ma­rine com­mu­nity dur­ing the past six months.

Mul­pha Sanc­tu­ary Cove gen­eral sales man­ager John Hughes said in­creased de­mand for wa­ter­front land, plus good sales, had gal­vanised plans for Tris­ta­nia’s next re­lease.

With prices start­ing from $865,000, Mr Hughes said it would be Sanc­tu­ary Cove’s last af­ford­able wa­ter­front land with a price tag un­der $1 mil­lion.

“It comes at a time when buy­ers are feel­ing more buoy­ant and keen to en­ter the Gold Coast’s ris­ing mar­ket, so we are con­fi­dent this of­fer­ing will be very warmly re­ceived,” he said.

“It will, how­ever, be a limited re­lease.”

Tris­ta­nia’s third stage com­prises 16 blocks ini­tially, fol­lowed by a fur­ther 15 lots.

The re­sort-style mas­ter­planned com­mu­nity has two 18-hole cham­pi­onship golf cour­ses, a 300-berth ma­rina, a re­sort, coun­try club, fit­ness cen­tre, ten­nis courts and a 25m swim­ming pool.

There is di­rect, bridge-free ac­cess to the Coomera River and Broad­wa­ter.

Sales of large dry lots in Sanc­tu­ary Cove’s Alpinia precinct surged late last year and most sold within weeks.

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