Plenty of op­tions

Liv­ing on the Gold Coast beach­front is still within grasp if you’re will­ing to ex­tend your prop­erty search

Weekend Gold Coast Bulletin - Property - - COLUMN - ANDREW HEN­DER­SON REIQ Gold Coast zone chair­man

MANY Gold Coast res­i­dents feel the dream of liv­ing on the beach­front is beyond them.

But the re­al­ity is that for less than the me­dian house price, buy­ers can af­ford qual­ity beach­front apart­ments in some of the city’s most de­sir­able sub­urbs

There’s no doubt the Gold Coast prop­erty mar­ket is per­form­ing strongly.

As at the start of 2018, the me­dian house price in the city was $615,000 af­ter a jump of 7.7 per cent dur­ing 2017.

Now, it would be im­pos­si­ble to buy a beach­side home for $615,000 but that sort of bud­get pro­vides plenty of op­tions for beach­front apart­ments along the coast. For ex­am­ple, most long- time Gold Coast res­i­dents as­so­ciate Al­ba­tross Ave in Mer­maid Beach as be­ing part of Mil­lion­aire’s Row.

It is a very de­sir­able beach­front street.

Less than two years ago the ma­jes­tic home at 45-51 Al­ba­tross Ave sold for $25 mil­lion.

A lot of peo­ple read about that sale. It made na­tional news.

Another sale oc­curred a few doors down the road at 67 Al­ba­tross Ave re­cently and that one did not make head­lines.

It sold for $550,000.

Yes, it was only a two-bed­room apart­ment, but it sits in the same street, sits on the ab­so­lute beach­front, the prop­erty has ac­cess to a pool and the new own­ers will be able to walk to the same venues as the buy­ers up the road.

If it is beach­front lifestyle you are af­ter, but you don’t have a spare $25 mil­lion ly­ing around, there are op­tions avail­able.

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