Cerulean residences gold coast
Cerulean residences main beach
Cerulean residences gold coast
Cerulean residences main beach

CERULEAN RESIDENCES

Main Beach

Gold Coast

Queensland

1. About 577,000 people live on the Gold Coast.  It is expected to grow by some 12,500 new residents per annum. 

2. There is a need to build 5,000 new dwellings each year to adequately house this demand. 

3. Just over 5 million tourists stayed overnight on the Gold Coast last year.  They stayed for a total of 24 million nights.  This market grew by 7% last year.   Expanding tourism is also fuelling new dwelling demand. 

4. The tourism industry contributed about $6.4 billion to the Gold Coast regional economy last year.  This represents about 20% of the Gold Coast’s $31.5 billion economy.

5. Tourism supports approximately 46,000 jobs on the Gold Coast, which is 18% of the total local jobs.  The Gold Coast, as outlined last week, currently holds 262,000 local jobs.

6. Other local registered businesses numbers have also been on the increase.  Local unemployment is on the decline. 

7. Residential sales, too, have increased, as have new dwelling approvals; but new dwelling supply is struggling to keep up with demand.  More on this later this week.

8. The dwelling market is in a strong upswing in terms of sales.  There were 8,500 detached house sales; 10,000 apartment sales; 4,000 townhouse sales and 2,500 vacant lot sales on the Gold Coast last year.  These volumes are more than double those traded just five years ago. 

9. Current attached dwelling values are rising faster than the mid-term, and especially long-term, average.  Median house values rose 7.6% last year; apartment values rose 5.7% and townhouse price were up 4.5%.

10. So, too, are weekly rents, especially for apartments and townhouses.  Our available rental rate for the Gold Coast is currently 1.7% for apartments, 2.0% for townhouses and 3.7% for detached houses.  There are just 2,000 dwellings advertised for rent on the Gold Coast.

Source - Matusik Research Feb 2018

Here’s our take on what’s going on with the Gold Coast housing market. 
GOLD COAST:  10 THINGS

Fast Facts

  • Brand new 27 boutique north facing luxury residences

  • 15-level residential building

  • Apartments, Terrace Home, Sub-Penthouse and Penthouse

  • Part of a lifestyle-rich locale

  • Priced from $1.1M

Timing​​

  • The fabulous Gold Coast will be the host city for the 2018 Commonwealth Games

  • The Gold Coast is currently receiving over $1 billion in infrastructure upgrades

  • The Federal Government also recently announced a $250 million upgrade of the Coolangatta Airport

Features of the Residences

  • 2.7 metre-high ceilings

  • Spacious lifestyle zone

  • Superior kitchen including over-sized Grecian marble bench tops make the ultimate lifestyle statement

  • Three bedrooms

  • Two or three deluxe bathrooms

  • Large balcony

  • The interior design promotes water glimpses from almost every room in all apartments above level 3

Facilities of Cerulean

  • Dedicated recreational space includes a pool, sun lounging terrace, barbecue facilities and an outdoor gymnasium

Location

  • Located in Main Beach on the fabulous and iconic Gold Coast

  • Just one block from the Tedder Avenue precinct

  • Fronting the picturesque grounds of Macintosh Island Park and the idyllic waters of the Nerang River

  • Only 100 metres from the beach sand

  • A perfect north orientation which captures Pacific Ocean views to the east, Nerang River vistas to the west with views of the Main Beach skyline and beyond

Cerulean residences are located at main beach on the gold coast.
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