It’s the end of an era for the North Shore

WATERFRONT land on the Gold Coast’s North Shore – made famous by the pioneers of Sanctuary Cove, Sovereign Island and Hope Island – is fast running out, with the last remaining sites signalling the end of a golden era.

Prices for the increasingly elusive lots are expected to rise accordingly.

Buyers may this weekend gain an idea of just how far prices will go when a rare 1,100sq m waterfront block in the sold-out Serenity Waters estate in Helensvale goes to auction. Located at 8 Serenity Blvd, the block will be auctioned onsite at 10am by Justin Nickerson of Apollo Auctions, on behalf of Ashwin Property.

Serenity Waters was the first precinct to be delivered by joint venture partners Keylin and Kinstone Group as part of the wider 65ha Serenity 4212 master planned community.

Keylin managing director Louis Cheung said the block, which has 18m of absolute water frontage and an established pontoon, bordered by Lake Serenity and the Coombabah Lakelands Conservation Area, was registered and ready to build on.

“The days of enormous waterfront lots are fast coming to an end on the Gold Coast and the legacy planning approvals that delivered Sanctuary Cove, Hope Island and Serenity 4212, can never be replicated,” Mr Cheung said. “These waterfront locations are now the rarity, not the norm.

“It’s a structural shift for the northern Gold Coast property market, which for the past four decades has enjoyed access to a seemingly endless supply of waterfront and canal front land.

“We’ve officially arrived at the end of an era.”

Ashwin Property director Tony Ashwin said recent waterfront land sales across the North Shore were setting new records as access to greenfield waterfront land dried up.

“What we’re seeing is a strong and sustained shift upwards in value,” Mr Ashwin said.

“It has taken a generation, but the original vision of the pioneers who created the Gold Coast’s North Shore has finally been realised.”

Serenity Waters comprises 110 land lots and three private waterfront community parks, and is the only freehold land subdivision within the Serenity 4212 masterplanned community.

The site is located minutes from Hope Island’s shopping precincts, schools and golf course and an eight-minute drive to the Coomera Connector M1 upgrade, placing Gold Coast beaches and the Brisbane CBD within easy reach.

For auction details and registrations visit serenity4212.com.au/auction.