NOT TO BE MISSED! REGAL RESIDENCES EVENT THIS WEEKEND IN SYDNEY

Gold Coast developers are still riding high through the property boom, with no signs of slowing down.

While there is some speculation that the record surges in Gold Coast property may cool off this year, all signs so far are pointing to the contrary and that 2022 will be another record-breaking year.

“For those of us on the ground in property sales, the evidence only shows that the hot streak will continue to blaze,” says APFG CEO Matt Sully.

Sully highlights one marquee project, in particular, Regal Residences by Imperial Square, which sold out of the first release of units shortly after launching sales last year, and the overwhelming demand has continued into 2022. At an event in Sydney last weekend, 23 units were sold in just under 3 hours.

Due to popular demand and request, Regal Residences developer Azzura Investments will host another event this weekend.

For location details and to RSVP, please contact info@apfg.com.au or click to fill out the form.

“Anyone in Sydney who has been eyeing up the Gold Coast market should attend this weekend,” says Sully. “This is the last chance they will have to buy the stunning Regal units at this price before the prices increase in March.”

Of the latest release of 80 additional units, only 35 remain - 15 water view and 20 mountain view units, with starting prices of $715,000 and $485,000, respectively.

The Regal Residences consist of 143 contemporary apartments with a staged release of 1, 2 and 3-bedroom properties available, alongside two 4-bedroom penthouses. With a 4.5 star hotel, Regal Residences affords leisure and luxury with an expansive foyer and bar that welcomes you home.

Azzura Investments founder Robert Badalotti, will be in attendance this weekend. For the last 30 years, Mr. Badalotti has become a well-known figure for award-winning, landmark developments that have reshaped Gold Coast as Australia’s premier holiday destination.

The Golden Ticket: Gold Coast property prices are set to hit more records, the interest rate increase will have little effect.

Doomsday sayers may point to the upcoming election or expected rate increase in August, signaling a slowdown of buying for luxury units and real estate. However, the city is in a prime position to see record-breaking price increases and growth again this year. Last year’s growth rate of 10.5% will be close to 11%, whereas the national average is 8%. (Source: Gold Coast house prices: What to expect in 2022, Gold Coast Bulletin)

The opening of Australian borders and international flights will bring an influx of new buyers, enough to offset the effects of rate increases.

“We have seen an undeniable uptick in international enquiries over the last few weeks,” says Sully. “Overseas buyers and investors have been waiting to get here and get into this market.”

The international arrivals, coupled with the surging numbers of domestic migration to Queensland state will create a more expansive pool of buyers. In Gold Coast, the supply continues to fall short of demand. Sellers are seeing homes on the market for only 21 days, and units, 15 days.

With the arrival of international investors and the continued preparations for the 2032 Olympics in Brisbane, experts predict that conditions will not change for the next six to 12 months given the Gold Coast is still an up-and-coming market, and it is now ranked 15th in the world for annual growth.

For more information on purchasing units at Regal Residences at Imperial Square and the upcoming event this weekend in Sydney, contact the APFG team.