With Queensland’s property market already performing strongly and the 2032 Olympic Games set to bring certain economic growth over the next decade, leading Australian developer David Devine has turned his focus on Gold Coast’s flourishing prestige property market to meet demand from buyers looking for opportunities in the Sunshine State.
Mr Devine, CEO of Devine Living, recently unveiled plans for his $370million luxury residential tower Royale Gold Coast ahead of time to present a rare opportunity of absolute beachfront apartments to prestige property buyers considering investing in Queensland. “If people were thinking about moving to Queensland for the great weather and lifestyle, they will be making their decisions now to bring their investment forward and benefit from the opportunities happening between now and the Olympic Games,” Mr Devine said.
“The 2032 Olympic Games will bring huge economic benefit to Queensland by opening up opportunities internationally as well as nationally as people look to invest. International companies will be encouraged to look at Queensland and consider getting a foothold here to benefit from the 2032 Olympic Games. We already know what fantastic weather and lifestyle we have here, now this is our time to shine. The timing is perfect and we have 11 years of economic growth supported by infrastructure and planning.”
Mr Devine said his decision to focus on upmarket developments on the Gold Coast was motivated by the strength of the region’s prestige property market as well as his personal fondness for the area and its lifestyle. Having lived and holidayed on the Gold Coast for more than 30 years, Mr Devine is fully aware of the region’s upcoming international status as a premium lifestyle destination and has designed Royale Gold Coast as the ultimate absolute beachfront address.
Planned for a prime absolute beachfront site at exclusive Northcliffe Terrace on the Gold Coast, Royale Gold Coast will incorporate a signature collection of 104 premium two, three and four-bedroom apartments, beach homes, sky homes and penthouses, all with unobstructed beach and ocean views and exclusive access to five-star amenities. “Royale is very unique as it is on the beach, a large 2251sqm corner block with a northeast orientation, which is very important because our prevailing winds are from the south,” Mr Devine said.
“Residents will be able to sit out on their balconies all year round at Royale because of the building’s orientation and design incorporating loggias, which is a brilliant design feature to protect from the weather elements.”
Royale Gold Coast’s architect Koos de Keijzer of DKO Architecture has worked with Mr Devine for 25 years since their first successful project together; Victoria Point residential apartment tower at Melbourne’s Docklands that remains a landmark on the skyline to this day.
DKO Architecture has designed Royale Gold Coast with a luxurious laid-back feel to promote a sophisticated coastal lifestyle in response to its unique location right on the beach, with luxury bespoke interiors by award-winning interior design studio Mim Design taking prestige private residences to the next level.
Luxury apartment marketing agency TOTAL Property Group is managing the sales of Royale Gold Coast’s private residences and has reported an increase in activity among prestige property buyers following the 2032 Olympic Games announcement. “The Brisbane Olympic Games will underwrite future investment for property in Queensland for the next 11 years,” TOTAL Property Group Managing Director and Royale Gold Coast Marketing Manager Adrian Parsons said.
“South East Queensland’s property sector is already one of the strongest markets in the country, having shown resilience and strength to defy the pandemic downturn and now Queensland has been awarded the 2032 Olympic Games, which guarantees us a decade or more of economic growth and stimulation.
“An independent economic assessment by KPMG, commissioned by the Queensland government, has indicated the Olympics will deliver a total benefit of $8.1 billion for Queensland, and $17.61 billion for Australia. Furthermore, the State Government’s 2032 Olympic and Paralympic Taskforce found it could create around 130,000 direct jobs, including 10,000 in the year of the Olympics.
“Just as Greater Sydney’s property values increased due to the 2000 Olympic Games, we know South East Queensland will experience the same upward growth heading towards 2032 and beyond. The Gold Coast in particular has been very strong with new apartment sales surging by nearly 100% in the first quarter of this year and there’s been extremely tight vacancy rates, which is incredible considering the predictions from property experts in response to the pandemic.
“Core Logic reported a 23 per cent gain on average apartment prices over the year to March 2021 on the Gold Coast and we experienced a 20% increase in inquiry for luxury apartments during that period. We are receiving very high levels of inquiry for premium apartment developments like Royale Gold Coast that offer something extra special – a rare opportunity for the ultimate premium apartments and five-star amenities at an exclusive, absolute-beachfront location.”
To be delivered by Devine Living, Royale Gold Coast will consist of 104 two, three and four-bedroom luxury apartments across 38 levels at the absolute beachfront location of the corner of Northcliffe Terrace and Markwell Avenue, one of Gold Coast’s most desirable and exclusive residential areas.
Royale Gold Coast offers residents a concierge service and world-class amenities including two separate swimming pools and lounges on the elevated ground floor featuring views out to the beach, plus a wellness centre with a state-of-the-art gym, steam room and sauna, and an exclusive residents’ club on Level 1 with an executive lounge, bar, private dining room, wine and whiskey lockers and a Cuccina Chef’s kitchen, plus Café Royale, a beach side café.
For more information, contact TOTAL Property Group on 1300 722 131 or visit www.royalegc.com.au.
VIEW FROM OCEAN
ROYALE GOLD COAST
Originally published by Prestige Property Magazine here.