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first_imgParadise Point is home to plenty of waterfront mansions. MORE NEWS: How to sell for the highest price With three golf courses close by and access to the Broadwater, northern Gold Coast suburb Hope Island is a golf and boating lover’s dream. The suburb has plenty of other attractions with a marina, shops and restaurants as well as access to theme parks and the up-market Hope Island Resort and Sanctuary Cove. CoreLogic figures reveal the median house price in Hope Island is $988,500, a figure which has jumped 12.3 per cent in the last 12 months and 55.7 per cent in the past three years. The median unit price has fallen 3.4 per cent in the past year to $521,500. Craig Caughlan of Ray White Hope Island said the waterfront homes, access to the Broadwater and the ocean made it an appealing suburb. It was also close to the M1 allowing access to Brisbane and Coolangatta Airport.“The local market has been quite steady in sales since the federal election with confidence returning,” Mr Caughlan said.“However, the volume of sales has decreased over the past 12 months making it harder to satisfy buyer demand — this will lead to spurts of growth as buyers’ motivation to purchase increases. “It may also lead to more properties coming to market.” Mr Caughlan said homes sold for between $800,000 and $1.5 million in the suburb. “This is where most of the local homes sit due to the quality of the property itself and whether they are on the water or not,” he said. There were plenty of luxurious homes on offer but the diverse range of property types meant there was something for most buyers within the area. “At the moment family homes are the most sought after within the price range of $700,000 to $900,000,” he said.Owner-occupiers make up a large percentage of buyers, with interstate buyers accounting for about 20 per cent of the market. Sovereign Islands Paradise Point Hope Island is known for its up-market offerings. Sanctuary Cove Superyachts are no strangers to Runaway Bay.Once known as a quiet fishing spot, Runaway Bay has been transformed into an up-market suburb. But while luxury yachts and mansions have become the norm, the area has retained its laid-back lifestyle. The northern suburb was known as Angler’s Paradise until the early 1970s.To this day it is still a boaties’ paradise with local snapper, kingfish, pearl perch, tuna, wahoo or mackerel common catches. Even marlin or sailfish can be spotted by those willing to venture out deep enough.Amir Mian Prestige Property Agents’ Jeffrey Sturgess said the suburb had historically been populated by retirees but more younger families were moving in. “(There has been) growth in younger families, home renovations and new, small developments,” he said.“The Broadwater suburb (has) many canal-front homes and many with bridge-free access.”Despite having a reputation for million-dollar homes, Mr Sturgess said it also offered more affordable properties. “It has units, houses on dry blocks, canal-front, bridge-free canal and broadwater homes,” he said. Mr Sturgess said roads in the area weren’t as congested as those on the central Gold Coast and it had easy access to the Pacific Motorway, which was particularly appealing to residents and prospective buyers. The suburb’s amenities, including schools, shopping centres, sporting complexes, marinas, restaurants and cafes also made it attractive. Living up to its name, Paradise Point is a idyllic spot on the northern Gold Coast where water and boats are aplenty. The suburb comprises three precincts — Sovereign Islands, Ephraim Island and the village mainland and is a haven for boaties. It is an area that boasts plenty of parks and waterside spots for a lazy Sunday picnic. Paradise Point Parklands is a favourite among locals and visitors. It sits along The Esplanade with cafes and restaurants and is the perfect area for a walk or family outing while taking in the water views. It has been upgraded to offer public amenities including barbecue facilities, picnic shelters, and play equipment for the kids. The suburb’s median house price is nearing the million-dollar mark and, despite the cooler conditions felt across the country, has notched impressive growth recently. More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoIts median house price has jumped 10.9 per cent in 12 months to $942,500, according to CoreLogic data. It’s impressive growth compared to the 0.6 per cent notched to the Gold Coast’s overall median house price of $630,000. Apartments boar the brunt of the downturn a little more, with the suburb’s median unit price falling by 8 per cent in 12 months to $690,000. However, looking at three-year growth, the median unit price is up by 13.1 per cent. Paradise Point is located on a peninsula, bound by the northern Broadwaters, Coomera River and Coombabah Creek. The area has evolved from a fishing town and before redevelopment was swampy land that could only be reached by track. The first subdivision of the area was in 1953 and all the available lots sold within two weeks. Blocks started at just 40 pounds ($70.95) Hope Island Sovereign Islands, an enclave of Paradise Point, is hot in demand. Median house price: $942,500 Median house rent: $620/weekMedian unit price: $690,000Median unit rent: $438/weekAverage days on market: 37 Average hold period: 9 yearsPopulation: 6536Average weekly household income: $1436Median age: 50 1. Hope Island and Sanctuary Cove Source: CoreLogic data to April 2019 Thinking of buying an up-market property in the Gold Coast’s north? Here are three suburbs where you’ll be in good company.They are home to some of the most luxurious waterfront mega-mansions on the Gold Coast.So it’s no wonder Hope Island, Paradise Point and Runaway Bay were the three most expensive areas in the north as featured in the Bulletin’s Sold On Gold Coast — the Glitter Strip’s ultimate property guide. All three have affordable pockets, it’s the ritzy locales of Sanctuary Cove and the Sovereign Islands that bump up their prices. With homes that come with multimillion-dollar price tags, the luxury, gated enclave of Sovereign Islands at Paradise Point on the northern end of the Gold Coast is still in hot demand. The record sale price may be $11.05 million, but rest assured there are plenty of luxury homes on Sovereign Islands which would achieve a far higher result if they were offered for sale. Ivy Wu of Amir Mian Prestige Property Agents has been selling in Sovereign Islands for about four years and doesn’t expect demand to slow. “In the last six months I have sold around $40 million worth of property,” she said. “The thing that people really like about Sovereign Islands is its security. There is a security gate to get on to the island that closes of an evening.” The gated community is connected to the mainland by a bridge which is guarded by a 24-hour security service.The island is also a haven for boating enthusiasts with deepwater moorings and bridge-free access.On the island the roads are paved with bricks and streets are landscaped with palm trees.Properties are mostly freestanding, large luxury houses and there are still vacant blocks of land available. The island is soon to get its first apartment building, with developer Vested underway on a luxury project with eight large units targeted at the downsizer market. Ms Wu said there were a mix of buyers securing properties on Sovereign Islands including interstate buyers who still found it incredible buying when compared to prices in Sydney and Melbourne markets. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:55Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:55 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenIslands for sale around Australia00:55 MORE NEWS: Iconic castle with pub and secret rooms 2. Paradise Point and Sovereign Islands Extravagant homes, lavish boats and swanky cafes and restaurants are what come to mind when Sanctuary Cove is mentioned.The prestigious enclave of Hope Island is synonymous with luxury living. Occupying a 474ha footprint and designed around four harbours on the Coomera River, the gated locale was the first of its kind in Australia. The $2 billion masterplanned community was established in 1986 and has grown to become one of the Coast’s most exclusive places to live. It offers a range of different properties but is known for its waterfront mega-mansions, making it a sanctuary for the rich and famous. The resort lifestyle makes it particularly appealing.It has two 18-hole golf courses, a marina often lined with super yachts, a retail precinct with essential services including a doctor and dentist, and five-star InterContinental Sanctuary Cove Resort. It is not unusual to see residents zooming past in golf buggies rather than cars because it is the easiest form of transport in the community — there are even miniature parking spaces to accommodate them. For those without the big bucks to buy a property in the area, a visit is just as enjoyable.Houseboats, party pontoons and luxury sailing boats can be hired for a cruise up the river to see how the other half lives. While it is usually a quiet community, it comes to life once a year when The Sanctuary Cove International Boat Show is held. Thousands of people descend on the area in May to see hundreds of exhibits and displays as part of the four-day event. From super yachts and fishing boats to watercraft and marine tech, there is something to satisfy every boatie. Sanctuary Cove is an exclusive enclave of Hope Island that pushes the area’s prices up. Picture: Nigel Hallett Median house price: $927,500Median house rent: $700/weekMedian unit price: $490,000Median unit rent: $440/weekAverage days on market: 72 Average hold period: 10 yearsPopulation: 9068Average weekly household income: $1261Median age: 52 Median house price: $988,500 Median house rent: $690/weekMedian unit price: $521,500Median unit rent: $485/week Average days on market: 79.5 Average hold period: 7 yearsPopulation: 11,186Average weekly household income: $1760Median age: 48 3. Runaway Bay last_img

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