What are buyers looking for in Palm Beach homes?
Posted: 31st March 2020
Old, new, big, small, beachfront or with ocean access – Palm Beach has it all. The only question is, which one suits your needs the most?
Renovating shows flood our TV screens religiously, which is no doubt why in 2018 Queenslanders invested an incredible $1.851 billion into revamping their homes. Buying a renovator can be appealing, not only from a price point perspective but because it allows the owners to make their personal mark on the property. Homes, such as 5 Linden Court, which boasted one of the widest water views in Palm Beach, prove to be an enticing option for renovators, because of the endless potential and enviable location. Many buyers like renovators too because they can flip them for a profit or provide a solid basis to build upon.
Some people consider purchasing a renovated home to be priceless. There’s no stress from blown-out timelines and budgets – you simply collect the keys upon settlement and bask in the beauty of all the hard work being done for you. An exceptional example of this is 144 Tallebudgera Drive, which sold recently. Many buyers are quite happy to pay a premium when it means not having to do a single thing except move straight in and soak up the spectacular surrounds.
For some Palm Beach buyers, the chance to scoop up a knockdown is an enticing opportunity not to be missed. Earlier this year, we proudly sold 47 Jefferson Lane at a frenzied auction which climbed an astounding $450,000 above the reserve. Held within the same family for 30 years and positioned right on the beach, it represented a rare opportunity for the new owner to remove the existing structure and capitalise on this exceptional location. Chances like these, especially in such tightly held precincts are always very popular with savvy Palm Beach buyers.
South East Queensland is famed for its pristine coastline and many Palm Beach property purchasers are looking to settle themselves in a prime, absolute beachfront home. Homes such as 101 Jefferson Lane offer residents the quintessential Gold Coast lifestyle where they can wake to picturesque sunrises and fall asleep to the soothing sounds of the ocean.
Palm Beach isn’t all just about homes perched along its scenic coastline – this sought-after suburb also offers buyers homes with ocean access. Tributaries which run off Tallebudgera Creek can be enticing because they deliver an easy entry point to the deep blue sea.
Boutique & Luxury Apartments
For some Palm Beach buyers, the lure of a luxury, lock-and-leave lifestyle is hard to pass by. An exquisite example is 2/1491, Gold Coast Highway which set a new benchmark in absolute beachfront, luxury apartment living in Palm Beach. Delivering 366m2 of perfection, this 4 bedroom, full floor, architecturally designed masterpiece was one of only 6 apartments in this boutique development. It gives another sector of the market – downsizers who don’t want to downgrade on high-quality living – the perfect property option.