Average resale price over $1 million
Colliers International’s new research has showed that apartment values in Coolangatta and Tweed Heads have reached new heights. The report showed 3 buildings in the area achieved an average resale price of more than $1 million . 2 of these 3 buildings, both award winning ‘Reflection on the Sea’ and ‘Reflection Tower 2′ were developed by Gold Coast’s prestige apartment developer Niecon Developments. Niecon is also responsible for two major developments under construction on the Gold Coast, namely “The Oracle Broadbeach” and “Nirvana By the Sea” on Kirra Beach.
Commenting on Coolangatta, Colliers International director of project marketing Brinton Keath said the research showed how strong the fundamentals of the area were in a quieter market. “The majority of new high-rise apartment developments in the area is along the beachfront strip, which is one of the factors driving up resale values as the demand for premier positions on the beach remains strong.”
“Billions of dollars is also being poured into major infrastructure improvements in the area, further fuelling values growth.”
“Major projects include the $100 million redevelopment of the Gold Coast Airport, the $920 million extension of the rail line south to the airport, which has started with the extension to Varsity Lakes, and the $70 million expansion of Southern Cross University to a site adjoining the airport.”
If you would like to hear more about the award winning towers at Coolangatta or Niecon’s apartments please contact our sales office on 1800 681 098 or +61 7 5536 1109. Or alternatively you can email us on info@niecon.com.