The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterWed 20 Aug 14

Sanctuary Cove Generates Strong Sales

T

Gold Coast’s Sanctuary Cove has generated $20 million worth of waterfront sales in the last three months.

This activity has been generated through the recent launch of the third stage of developer

Mulpha's 

Tristania precinct.

It is the developer's first waterfront release in more than five years and has attracted a mix of local, interstate and overseas buyers.

Mulpha Sanctuary Cove General Manager of Sales John Hughes said sales over the past few months demonstrated the demand for waterfront land and the tightening of the prestige resale market.

“Our local land buyers have been driven by the lack of resale stock around and the subsequent price rises in this sector,” he said.

“They are seeing the value of our land offering as the price disparity between resale and new stock has eroded.

The north-facing lots have direct ‘bridge free’ access to the Coomera River and Broadwater, with ease of access to the Gold Coast’s waterways beyond.

Recent auctions have seen nine resales, involving several multi-million dollar transactions including houses that sold for $6.1 million and another for $4.95 million.

The land sales in Tristania bring the current release to the 50 per cent sold mark. A further 15 lots will be offered to the market at a later date.

Sanctuary Cove is a resort-style community, features two 18-hole championship golf courses, a 300-berth marina, InterContinental Sanctuary Cove Resort and Country Club, as well as a 80 tenant strong commercial strip.

 

ResidentialAustraliaMarketingSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Wel Co's Thornhill Park, 40km west of the Melbourne CBD.
Exclusive

Waiting for Victoria: Why Wel.Co says State Planning isn’t Working

Marisa Wikramanayake
6 Min
Woods Bagot Principal Alex Hall and Penny Place Adelaide
Exclusive

Amplified Affordability: Woods Bagot Cracks Housing Cost Code

Leon Della Bosca
8 Min
Goodman Brisbane Industrial EDM
Exclusive

Olympics a ‘Springboard’ for Brisbane’s Industrial Age

Clare Burnett
6 Min
Colliers build-to-rent head Robert Papaleo speaking at The Urban Developer's Build-to-Rent Summit in Melbourne.
Exclusive

Get Creative Before BtR Wellspring Runs Dry, Sector Urged

Marisa Wikramanayake
4 Min
View All >
Finance

Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors

Taryn Paris
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
Mandarin Centre EDM
Retail

Decade On, Mandarin Centre Redevelopment Revealed

Clare Burnett
The ageing five-storey retail and Asian food hub near Chatswood station was approved for a 30-storey office…
LATEST
Finance

Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors

Taryn Paris
6 Min
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Mandarin Centre EDM
Retail

Decade On, Mandarin Centre Redevelopment Revealed

Clare Burnett
4 Min
Build-to-Rent

The 10 Biggest BtR Projects Under Construction in 2025

Editorial Desk
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/sanctuary-cove-generates-strong-sales