Walk­ing in off the street

Gold Coast down­siz­ers are flock­ing to new lux­ury high-rise tower Sea Palm Beach

Weekend Gold Coast Bulletin - Property - - AUCTION - WORDS THOMAS MOR­GAN

HIGH-RISE de­vel­op­ments can be tricky in some lo­cal com­mu­ni­ties — not so in Palm Beach.

It’s been less than two months since con­struc­tion be­gan on Sea Palm Beach, but al­ready its de­vel­oper BluePoint Prop­erty has re­ported the 13-storey build­ing is at least 65 per cent sold.

BluePoint’s co-founder and di­rec­tor Mar­cus Dore said the de­vel­op­ment worked by ig­nor­ing the “com­mon sense’’ of ex­perts and in­stead tai­lor­ing it­self to the needs of lo­cal down­siz­ers.

“The most com­mon buyer is a lo­cal per­son, a lo­cal down­sizer,” Mr Dore said. “They know the site, they know the lo­ca­tional at­tributes. They walked in off the street and said they would love to buy one.”

While Mr Dore said many lo­cals loved Palm Beach for its con­ve­nience, with ev­ery­thing from shops to cafes to the beach within walk­ing dis­tance, he said an im­por­tant pointof-dif­fer­ence for Sea Palm Beach was two park­ing bays for two-bed­room apart­ments.

An­other dif­fer­ence is the views, with apart­ments fac­ing north or south in­stead of fac­ing the ocean or the Gold Coast hin­ter­land.

One-bed­room apart­ments are priced from $395,000 while the pent­house is from $1.4 mil­lion. A dis­play suite is at 12 Sev­enth Ave, Palm Beach.

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