Gold Coast Apartments For Sale : The Oracle Broadbeach

Broadbeach has emerged from the latest real estate boom as the best performer in the high-rise apartment market and is likely to have a long reign, according to an analyst.

Bill Morris, publisher of the authoritative Midwood Queensland  Investment Report, says apartment prices in the suburb doubled in the three-year boom that started early in the new millennium.

“I expect another boom period to start in 2008 and that prices in Broadbeach towers will double again by 2010.” Mr. Morris says Broadbeach’s buoyancy has been built on the area’s popularity with ‘locals’ and owner-occupiers. He says this popularity will underwrite a continuation of capital-gain growth that has been averaging 16 per cent a year in the better Broadbeach high-rises for the past decade.

“We have for several months seen a situation where the Broadbeach cupboard has been verging on bare in terms of new off-the-plan stock, with towers such as Air, Verve, Wave and Ultra rushed by buyers.

“The rundown in stock has been alleviated to a degree by the launch of the Sierra Grande tower, a project that is likely to draw a lot of investor buyers.”

A serene new touch is to be added to beachfront living at the upmarket Reflection on the Sea project at Coolangatta – apartments with individual Zen gardens. The six podium-level apartments will be in Reflection Tower Two and are being released as the tower races toward a sellout.

 Derek Nicholson, operations manager for Niecon Developments,  says the Zen gardens will each have water flowing through them, putting them in harmony with the sounds of the ocean. Niecon  made a Zen garden a key component of the outdoor area adjoining the residents’ executive club at its Aqua on Broadwater project at Labrador, completed last year.

Mr Nicholson says one of the Aqua apartments adjoins and overlooks the garden.
“We have had endless comments that the apartment’s owner has the best of both worlds – a Broadwater outlook and the sheer tranquility of the Zen garden.

“We hope to achieve the same result at Reflection Tower Two.”