Nearing the Summit

A rush of sales in recent months by owner occupiers and downsizers has pushed Summit on Broadwater closer to sell-out.

PEOPLE buying in the Summit on Broadwater development are here to stay with downsizers and owner-occupiers dominating recent sales.

The final units are expected to sell out in the coming weeks.

Located at 110 Frank Street, Labrador, Summit comprises 83 apartments across nine levels in a combination of one, two and three-bedrooms layouts, most with Broadwater or hinterland views.

The two-bedroom apartments have been a hit with first-home buyers who recognise the advantages on the project’s prime location and proximity to employment nodes and lifestyle amenities.

Marketing agents Nikola and Rudi Scutti, of Re Ventured, said the value proposition had elevated buyer appetite for Summit on Broadwater apartments.

“We’ve experienced an upswing in sales over recent months,” Mrs Scutti said.

“Sales in the first three months of the year have been running almost two a week”

“The two-bedroom apartments offer unparalleled value, which has made them really popular. Buyers can purchase a luxury two-bedroom apartment, ready to move in, for under $500,000.

“Many buyers have been surprised by the quality of finishes, and the location so close to the water and to major infrastructure, such as the Gold Coast University Hospital.”

Developed by Centa Property Group and completed in August last year, Summit has also been a magnet for investors attracting yields of up to 6 per cent.

Remaining apartment are two-bedroom, bathroom prices from $450,000.

Re-post, Gold Coast Bulletin – Real Estate Magazine – 22/May/2021

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