This article is from the Australian Property Journal archive
A BEACHSIDE home at the $1 billion Salt Village on the New Tweed Coast has sold for a record $2.6 million, setting a new benchmark for non-beachfront properties in the area.
The property was sold fully furnished an expatriate now based in Singapore and fetched $150,000 more than the previous non-beachfront record in the community of $2.45 million, which was set late last year.
Located beachside on a 696 sqm north facing corner lot, the home comprises five double ensuited bedrooms, a roof top terrace with ocean views, a gourmet kitchen with Miele appliances, surround sound theatre, and an expansive poolside entertaining area.
The North Point Avenue home is located adjacent to the absolute beachfront home of leading Australian businesswoman Katie Page, which is on the market for $6.3 million.
It is also on the same street as the former home of Gold Coast based developer Tony Cannon, which recently sold for $5.8 million.
Salt Village Absolute Beachfront sales director Andrew Ladd said the record sale showed the confidence buyers had in the Tweed Coast and Salt Village community.
“Given the current market conditions, this record shows the strong demand for property in Salt Village, with values climbing steadily since our first beachfront land hit the market in 2003,” he said. “Purchasers are realising they can get a lot more for their dollar on the Tweed Coast and, as such, buyers are increasingly looking here in favour of the Gold Coast for beachfront and beachside property.”
Over the last three years, Salt Village has posted land, house and apartment sales totalling almost $400 million.
On completion, the 73 hectare masterplanned Salt Village community will comprise more than 2000 homes, resort apartments, residential apartments and villas.
Australian Property Journal
