The Gold Coast’s Main Beach, coveted for its laidback cosmopolitan lifestyle in a picturesque setting, is a tightly held market with few opportunities to buy into. With current supply in the suburb very limited, demand for Drew Group’s Lagoon development has soared and there is now only a selection of 3 bedroom apartments remaining.
Todd Matheson, Director of Pezet Matheson, the sales and marketing team behind Lagoon, urges interested buyers not to delay in expressing interest.
“We’ve hit great milestones in sales,” Todd says. “With limited supply for sale in the local area, we encourage you to come in at your earliest convenience to have a look at our display.”
It’s not just the golden location and vibrant lifestyle attracting buyers, however; Lagoon’s unique offering makes it a highly desirable purchase for discerning buyers looking for luxurious quality and value.
Buy with confidence into Lagoon, a truly one-of-a-kind development
Lagoon is a dual-tower amalgamated site, sprawling 4,000m2 between 11 and 23 Cronin Avenue, Main Beach. This kind of amalgamation hasn’t happened for at least two decades in Main Beach and is unlikely to be pulled off again in the area.
The resulting apartments are significantly larger than competing developments, with the square metre rate at Lagoon offering much better value, coming in at under $10,000 per square metre.
You just can’t find that kind of value for brand new stock anywhere else on the Gold Coast,”
One of the reasons that Lagoon can support lower prices compared to newer projects is their guaranteed construction contract, put into place before the recent surges in inflation in this category. The cost of construction materials sharply increased in 2022, with an annual change of +14.2% between December 2021 and December 2022 according to PropTrack data.
Having a trusted builder on board also helps mitigate any risk.
“In the current climate and challenges we’re facing in construction, it’s imperative the development has a longstanding builder on board that knows how to deliver a project of this scale,” Todd says. “We’re very proud and fortunate to have Hutchinson Builders on site, undergoing construction right now.”
A tight rental market presents opportunities for investors
Few new listings are coming to market on the Gold Coast, with PropTrack data from February revealing a 16.5% decrease in new listings. This is no doubt contributing to the tight rental market, with the city featuring the highest median advertised rent for units in Queensland, at $600 per week.
Should investors choose to buy into the local market, recent data suggests risk is relatively low with high yields expected,”
Secure your residence at Lagoon today
This is a truly rare and exceptional opportunity to buy into beautiful Main Beach.
With limited 3 bedroom residences remaining at Lagoon, don’t wait and miss out. Contact our team today with any enquiries or visit our display suite at 12 Tedder Avenue, Main Beach.
