New project lures buyers

Boosted grant drives inquiry as Southport apartment becomes home ownership dream for one Sydney couple

A SOUTHPORT project has proven popular with buyers, with 65 per cent of apartments now sold.

First-home buyers Matthew and Jodie Campbell (pictured), who were drawn to the project from interstate, said Sydney apartments couldn’t match the value on offer at Fivechester Terrace.

The couple purchased a two-bedroom apartment with views across the Broadwater.

“We have purchased a brand new, spacious apartment overlooking the water in a premium CBD location,” Dr Campbell said.

“In Sydney, we would not have been able to entertain the idea of purchasing a new apartment in the heart of the CBD for our first home – the value on offer is not even comparable.”

Dr Campbell and his wife inspected numerous properties between Broadbeach and Southport before securing an apartment at Fivechester, being developed by Rawcorp.

“The biggest selling point for us was the size of the apartments – they are up to 20 per cent larger than any of the other apartments that we viewed in the surrounding area, with a fabulous layout and a competitive price point that made the decision simple,” he said.

Dr Campbell said the Gold Coast represented “outstanding value for money” when compared to the southern states.

“The location is also second to none. We both work at Griffith University and having easy access to public transport makes it so convenient to get to work,” he said.

Marketing Projects director Kyia Maidens said there had been a noticeable increase in first-home buyer inquiry at the project since January, with the boosted First Home Owners’ Grant expiring on June 30.

“The Government incentives help to make the dream of home ownership a reality for many first-home buyers,” she said.

The six-level Fivechester Terrace comprises 26 open-plan apartments ranging between 100sq m and 220sq m. Prices start at $481,000. Resident facilities include a community space, gym and lounge.