This article is from the Australian Property Journal archive
POINTCORP’S Riverina Gold Coast Estate is launching its third stage, after limited stock of Gold Coast land spurred on high demand for its previous launches.
Stage three at the 180-lot masterplanned Carrara estate comprises 62 house lots, including the estate’s first release of absolute riverfront and lakefront blocks, with prices ranging from $520,000 to $1.15 million.
The release comes after all 26 house blocks in the first stage sold out, with 66 lots from stage two also being snapped up, only months after being offered.
“Yes, there is a shortage of land for new houses on the Gold Coast, but Riverina is appealing to homeowners because it offers them a unique opportunity to build a brand new home in a location with so much natural beauty, close to beaches and essential infrastructure,” said Louka Vitale from ProjX Group, who is managing the sales at the estate.
Riverina Gold Coast Estate, which boasts a 2.8-hectare central lake and 430 metres of river frontage, now has just 89 lots to inject into the in demand Gold Coast market, with the last 27 lots to be launched in its fourth and final stage.
These last two stages will comprise the development’s premium riverfront and lakefront properties, with stage three including seven absolute riverfront lots from $950,000.
These lots will not only include direct access to the river but also to a 26-berth marina that features deep water access to the ocean.
Meanwhile the thirteen absolute lakefront properties in this stage sit around the central feature lake and are priced from $750,000, with the remaining 22 lots that back onto parkland starting from $590,000.
The smallest lot in the release spans 300sqm and is priced at $520,000, while the typical house block is between 375sqm and 505sqm.
The masterplanned estate will deliver its residences with resort-style amenities including a private residents club with a cinema, café, library, gym, pool and playground.
“Riverina is only 10 minutes from Gold Coast’s beaches and popular retail and dining destinations, plus it has major shopping centres, schools and employment hubs close by, as well as quick and easy to access the motorway, yet it is still located in a private, serene part of the Gold Coast,” added Vitale.
The estate is located less than an hour from the Brisbane CBD and sits only 1km out from the Pacific Motorway, 10 minutes from the beach, 30 minutes from the Gold Coast Airport and 13 minutes from the Robina Town Centre.
Construction is currently underway for stage two, with completion due for stage one in December of this year and expected to begin in January 2022 for stage three.
“There is huge demand for land on the Gold Coast, but particularly for the central area as there is very little available on the market. Riverina is truly one of the best opportunities for new housing land on the Gold Coast right now,” concluded Vitale.
With the Gold Coast continuing to draw in buyers and investors, the city’s supply of new apartments recently reached a seven-year low. after dominating the nation in total migration.
Meanwhile Royale Gold Coast have pulled in $150 million in sales within the first 10 weeks of launching, while BeckDev recently lodged a development application for a $130 million residential tower at Coolangatta and Melbourne-based Little Projects revealed plans a second luxury apartment development in Broadbeach.
