HIGH DEMAND FOR LUXURY APARTMENTS ON NORTHERN NSW COAST SEES PAMA CASUARINA SELL 65% OF APARTMENTS IN JUST FOUR WEEKS OF LAUNCHING
More than half the apartments at new $75million boutique residential apartment building PAMA Casuarina are now spoken for after just four weeks on the market, with $45 million in sales achieved so far. The idyllic beachside lifestyle being offered by PAMA Casuarina, planned for the coastal community of Casuarina Beach just 40 minutes north of Byron Bay in Northern New South Wales, has high appeal for property buyers who have secured 65 per cent of the building’s apartments within a few short weeks.
PAMA Casuarina is a $75million luxury residential apartment building encompassing a boutique collection of 47 two, three and four-bedroom private residences across four storeys within tropical landscaped grounds that feature exclusive resort-style amenities. Luxury apartment marketing agency TOTAL Property Group managing the sales of PAMA Casuarina’s private residences says the continued strong demand for property in Northern NSW, the high quality of apartments and the desirable location of Casuarina Beach have contributed to the high sales results.
TOTAL Property Group Managing Director Adrian Parsons said a wide variety of buyers were taking up the opportunity to own an apartment at PAMA Casuarina, due to the growing popularity of Casuarina Beach and the limited supply of quality owner-occupier apartments available between Byron Bay and Kingscliff. He said local purchasers were the first to secure their new apartments at PAMA Casuarina with 9 selling to buyers living within 10 kilometres of the development site in the heart of Casuarina Beach.
“Local buyers were the first to purchase as they are fully aware there is a limited opportunity to own a luxury apartment in Northern NSW,” Mr Parsons said. “Most are planning to downsize from their larger houses to live in PAMA Casuarina for a low maintenance lifestyle and exclusive access to resort-style amenities at this popular beachside location.
“A significant proportion of PAMA Casuarina buyers are from the Gold Coast and Brisbane, and apartments have also been selling to southern buyers with a four-bedder snapped up by a Sydney family for a holiday home. These buyers plan to either relocate and live permanently at PAMA or use their apartment for a holiday home or investment property. Rising demand for property in Northern NSW and the limited stock available has presented a unique investment opportunity to the market and buyers have acted quickly to avoid missing out.”
Being developed by Holm Developments and DeMartini Fletcher in a joint venture, PAMA Casuarina will transform the large 4083sqm site at 5 Grand Parade into a “private oasis” inspired by the iconic mid-century character of Palm Springs and the sophisticated coastal style of Casuarina Beach. Designed by local resident, architect Danny Juric of award-winning Plus Architecture, PAMA Casuarina is an opportunity for owner-occupiers to downsize from a house into an apartment at Casuarina Beach and for holiday home seekers looking to escape their busy lives and relax at a luxurious beachside oasis. The focus on enhancing the experience for residents and complementing the low maintenance lifestyle at Casuarina Beach inspired the development team to create a luxurious boutique residential apartment building that sits in harmony with the unique character of the area and its environment.
PAMA Casuarina developer, Holm Developments Director Godfrey Esmonde, says the development team identified the 4083sqm site in the heart of Casuarina Beach as a unique opportunity to deliver a signature collection of premium apartments designed specifically for the owner-occupier. “We are pleased PAMA has been received so well, particularly by local buyers who have given the development a strong vote of confidence,” Mr Esmonde said. “PAMA Casuarina has been designed to appeal to a wide range of demographics from downsizers and families to relocators and holiday home purchasers seeking an easy going lifestyle, whether it be permanently or for weekends and holidays.
“Our vision for this development is based on the potential for the large site in the heart of Casuarina Beach with its unique village atmosphere, pristine beach and the local amenity. We wanted to create a place that people could escape to, where everything they do in is made easy – mornings made easy, play made easy, escape made easy.”
PAMA Casuarina’s 47 elegantly-appointed two, three and four-bedroom apartments across the building’s four levels are priced from $1.065 million for the 120sqm two-bedroom apartments, from $1.565 million for three bedrooms and prices for the four bedroom apartments are provided on application. The luxury resort-style tropical grounds will be architecturally landscaped to create an outdoor oasis with amenities including a 20 metre heated swimming pool with a sand beach and wet deck, a barbecue, kitchen and bar area as well as a board shack with custom paddleboards and surfboards, a shared vintage bicycle scheme with 30 bikes, outdoor showers and a designated dog wash bay.
The building’s common areas and its landscaped grounds will be powered by accredited sources under the Federal Government’s National GreenPower Initiative, meaning that all energy requirements will come from 100% renewable sources with every apartment purchaser given the option to also connect to GreenPower if they choose to further reduce the carbon footprint of the development.
A 40kw solar system will be installed on the rooftop to supply renewable energy back into the grid and contribute to the body corporate facilities, offsetting costs for air conditioning and lighting of common areas as well as the running and heating of the swimming pool.
Casuarina Beach is a pristine stretch of beach nestled between Kingscliff and Cabarita on the Northern New South Wales coast, just a 40 minute drive north of Byron Bay, offering the ultimate laidback lifestyle.
PAMA Casuarina is only a six minute drive to the Pacific Motorway, the Gold Coast Airport is less than 20 minutes away and new local infrastructure is being developed such as the new Tweed Valley Hospital. A vibrant village centre The Commons and a second centre anchored by a Coles supermarket are located across the road from PAMA Casuarina, offering a range of speciality retailers, cafés and restaurants, health retailers.
Originally published in Prestige Property Magazine HERE.