Re­sale mar­ket proves hot

Weekend Gold Coast Bulletin - Property - - AUCTION -

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.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.