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