Resale market proves hot
WHILE Halcyon has notched up almost $1 billion in projects in more than a decade, homeowners within its lifestyle communities have also been cashing in on the popularity of this niche property sector.
The resale market for Halcyon homes has proved lucrative for homeowners who have shared in capital gains worth a combined $23 million over the past 14 years. Resales, which generally account for about 20 per cent of Halcyon’s annual turnover, totalled $25 million last financial year.
According to joint managing director Dr Bevan Geissmann, the strength of the resale market affirms the appeal of the Halcyon lifestyle community model.
“Halcyon homeowners primarily buy into our communities for lifestyle reasons, however they shouldn’t ignore the fact that any property purchase is a significant investment,” Dr Geissmann said.
“It’s one of the many reasons Halcyon’s communities have proved so popular with over 50s buyers.”
Halcyon’s Gold Coast development, Halcyon Greens, is currently underway at Pimpama.