HOW TO LIVE LIKE A GOLD COAST LOCAL
Just over four million domestic visitors holidayed on the Gold Coast last year, with about half hailing from Brisbane and Sydney.
And an increasing number are looking to make their trip a more permanent or regular arrangement.
Colliers International Residential Director Andrew Roubicek says the popularity of lock and leave holiday apartments is on the rise, as people's attitudes towards holiday accommodation continue to change.
Mr Roubicek says this shift reflects the ultimate aspiration of owning a beachside residence in areas traditionally favoured by residents and owner-occupiers, like the Gold Coast's Mermaid Beach.
He indicates he is already receiving enquiry in the lead up to the festive season for luxury apartments in the new Mahala apartment project, overlooking the Gold Coast's 'millionaire's row' - Hedges Avenue.
"The Gold Coast has always been popular and is a convenient short break destination for people from Brisbane and Sydney who are within an hours drive or flight of our famous beaches, , " he said.
"We have noticed in recent years a growing number of people turning away from hotels and traditional short stay accommodation options, who are instead purchasing a holiday home, which they may move into later. They are doing this in part because Gold Coast property is continuing to perform strongly, while many other markets are cooling off.
"They are also choosing to purchase so they can literally have a home away from home - they can style their apartment to suit their needs and have all the conveniences of home life while on holiday."
Mr Roubicek says new developments like Mahala at Mermaid Beach have been designed to offer the best of both worlds - resort-style facilities and apartments which look and feel like a home.
With early works underway on site, purchasers are already lining up to secure their choice of Mahala's 94 two, three and four bedroom apartments.
"Mahala boasts a range of lifestyle amenities over two levels. This includes an exclusive terrace featuring a pool, barbeques, cabana, lounge and a private dining room. There's also a surfboard and bike storage area, a secure delivery facility for groceries and outdoor wash down area so people can make the most of living and holidaying a stone’s throw from the sand," he said.
"The apartments have been designed to allow holidaymakers to live like a Gold Coast local. The majority will have two car bays and will offer generous living spaces, storage and large private balconies overlooking the ocean and Gold Coast skyline.
"Mahala is within easy walking distance of some of the most popular cafes on the Coast, and is tucked away in a predominantly residential enclave fronted by Hedges Avenue - an exclusive and quiet, one way beachfront street.
"Every morning there are plenty of locals riding their bikes or walking their dogs along Hedges Avenue, going for a surf or swim at the beach or heading to the nearby Mermaid Beach or Kurrawa Surf Club for a meal.
"Because Mahala is at the northern end of Mermaid Beach, it's within easy reach of Broadbeach which boasts the recently upgraded Pacific Fair Shopping Centre, The Star casino and world class restaurants, as well as the G Link light rail."
Three bedroom apartments at Mahala start from $1.4 million, with a sales display suite at 15 Peerless Avenue, Mermaid Beach.
Mahala has been designed by the award-winning Cottee Parker Architects and will be delivered by experienced developer Pindan Group.
Pindan boasts more than 40 years’ experience, including expanding its operations to the East Coast over the past five years, with its funds management arm - Pindan Capital - overseeing $1.7 billion of development projects across Australia.
For more information, visit www.mahalamermaidbeach.com.au or call Colliers on 1800 624 252
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ABOUT PINDAN CAPITAL - http://www.pindan.com.au/fund
Pindan Capital is the funds management business of the Pindan Group, with offices located in Perth, Sydney, and Brisbane. Pindan Capital specialises in residential and commercial developments as well as the purchase and management of income generating core assets such as office buildings, retail and industrial sites.
Currently Pindan Capital has 24 projects within Australia with total sales values over A$1.7 billion and several development acquisitions in the pipeline.
Pindan Capital receives over half of its investment from international investors, with the remaining investment comprising of institutions and high new worth (HNW) individuals.
ABOUT PINDAN - http://www.pindan.com.au
The Pindan Group is a leading national property group that provides fully integrated property solutions Australia wide from investment, development, construction and management, under its three core business streams FUND BUILD MANAGE.
Established in 1977, Pindan delivers a comprehensive range of property and building services including: land acquisition, capital raising, design and construction, development management, asset management and project marketing & sales across multiple sectors.
Headquartered in Perth, Pindan employs 350 direct staff with an additional seven regional offices around Western Australia and two interstate offices in Sydney and Brisbane