Apart­ments hit $185m in sales

The Star tower at Broad­beach has proved its ap­peal dur­ing the past 14 weeks, and is lur­ing buy­ers to the area’s life­style and in­vest­ment po­ten­tial

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - ALEISHA DAW­SON

APART­MENTS at The Star Gold Coast are prov­ing pop­u­lar with $185 mil­lion in sales in 14 weeks.

The Star Res­i­dences Gold Coast – part of The Star Gold Coast’s re­sort at Broad­beach – will fea­ture 423 apart­ments, which will oc­cupy the top 33 lev­els of the $400 mil­lion, 53-storey tower, which will also in­cor­po­rate 300 ho­tel rooms over 13 lev­els, new bars and restau­rants, re­sort fa­cil­i­ties, carpark­ing and shops.

The pro­ject is be­ing de­vel­oped by Des­ti­na­tion Gold Coast Con­sor­tium.

The Star En­ter­tain­ment group man­ag­ing di­rec­tor Queens­land Ge­off Hogg said buy­ers were look­ing at Broad­beach’s past, present and fu­ture when mak­ing the de­ci­sion to buy.

“The re­sponse from owner-oc­cu­piers who have pur­chased in the pro­ject is that they are at­tracted to the very en­vi­able life­style and value on of­fer, while in­vestors have their eye on all of the growth that is yet to come,” he said.

Ur­bis re­search shows more than 6.48 mil­lion vis­i­tors came through Gold Coast Air­port in the year to June 2017, and there are cur­rently 32 projects in the pipeline cen­tred around boost­ing the city’s tourism and re­tail.

One bed­room apart­ments are priced from $467,500. Two bed­room apart­ments are priced from $689,500.

Pend­ing pre-sales, the pro­ject is due to be com­pleted in 2021.

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