GOLD Coast residents are leading the charge of buyers securing a boutique apartment in The Jefferson – the new Palm Beach project by Lacey Group that has chalked up more than $10 million in sales since it was launched in May.
Located on Jefferson Lane, between Fourth Ave and Palm Beach Ave, the project features 46 apartments, many with ocean views.
McGrath Estate Agent Tony Holland – who is marketing The Jefferson alongside Brendan Andrews – said while there had been strong interest in the project from interstate buyers, 80 per cent of purchasers lived within 10km of the suburb.
“The majority of buyers are locals, many of whom are planning to downsize from an older home and upgrade to a new, low-maintenance beachside lifestyle, so the spacious apartments in The Jefferson have really appealed to them,” Mr Holland said.
“Many of these people have lived in the area for some time and understand the value of owning property in Palm Beach.
“The suburb has undergone a huge transformation in recent years and people are keen to secure a home so they can enjoy all that Palmy has to offer for generations to come.”
Mr Holland said 14 apartments had sold in The Jefferson totalling more than $10 million, however, there was still a good selection of one, two and three-bedroom apartments available.
“The Jefferson has been designed to suit a range of needs and budgets so there is something for everyone, whether you are looking to invest in beachfront property, or move in and take advantage of the lifestyle it provides,” he said.
Lacey Group director Adam Lacey said he had anticipated strong interest from established local residents prior to launch.
“There has been increasing demand for boutique, contemporary apartments in the region for some time, but it has been answered with limited supply,” he said. “Many of our buyers have been holding out for something like The Jefferson to launch.”
Construction of The Jefferson is expected to start in late 2017. One-bedroom apartments start from $390,000; two-bedroom apartments start from $535,000; and three-bedroom apartments are available from $865,000. From Aleisha Pidgeon – Gold Coast Bulletin
For further information on The Jefferson, visit thejefferson.com.au or call 1800 959 979.