BIG ON LUXURY STYLING
The Gold Coast glitter strip has long been the territory for tourists, but now suburban downsizers are moving in, looking for their slice of paradise.
At Mermaid Beach, Pindan Group’s luxury apartment project Mahala was officially launched to the market today, but has already turned heads, despite early works on construction having only just started.
Colliers International residential director Andrew Roubicek said most of the potential buyers were locals looking to downsize on property, but super-size on luxury.
“We received in excess of 300 inquiries (ahead of the launch) for Mahala’s 94 two, three and four-bedroom large owner occupierstyle apartments, with interest predominantly stemming from residents in surrounding suburbs,” Mr Roubicek said.
“Mahala’s position overlooking Hedges Ave has strong appeal to purchasers.
“It gives them the opportunity to live alongside the Gold Coast’s Millionaire’s Row.”
Mr Roubicek said a major driver of interest was Mahala’s proximity to the light rail service, Pacific Fair and the local dining precincts.
Residents of the new highrise would also benefit from a rooftop solar farm to help lower energy bills. Apartments include two parking bays and shared entertainment spaces with a pool, barbecues and private dining room.
Pindan director of development management Nick Allingame said the development tailored itself to the surrounding beachside suburb.
“Mermaid Beach has always been regarded as an exclusive residential enclave as opposed to a holiday hotspot, so Mahala has been designed to cater to owner occupiers,” he said.
Pindan Group’s luxury apartment project Mahala was officially launched to the market today. Interest has been high from buyers keen to downsize.