Sales hit $21m ahead of build at Palm Beach

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SALES have topped $21 million in Palm Beach’s boutique apartment project, The Jefferson, which will pave the way for construction to start ahead of schedule in the coming weeks.

The Lacey Group project is now 75 per cent sold after a mix of local and interstate buyers snapped up 33 of the 46 apartments off-the-plan.

Brendan Andrews, of McGrath Estate Agents, said The Jefferson had been one of Palm Beach’s bestselling apartment project in the past five years. “Being beachside is one of the most important factors for many people, particularly those downsizing from a family home, which represents a large portion of our buyers, many of whom are coming from Palm Beach, Elanora and surrounding suburbs such as Robina and Burleigh,” Mr Andrews said. “Several buyers are from regional New South Wales and Sydney, and we are fielding an increasing number of enquiries from those looking for holiday homes and investment properties in The Jefferson.”

The project is on Jefferson Lane between Palm Beach Avenue and Fifth Ave.

The apartments have floor plans up to 162 sqm, floor-to-ceiling windows and a contemporary finish, and residents have access to a recreation deck.

One-bedroom units start from $410,000, up to three-bedroom apartments from $885,000.

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