Due to tight land supply, centrally located Palm Meadows remains among the Gold Coast’s most in-demand suburbs. The region is tightly held and dominated by owner-occupiers, making the opportunity to buy into a premium residential project such as Élevé both rare and valuable. Current market research illustrates the strength of the Élevé opportunity:
Construction has begun on the $121 million redevelopment of the Carrara Sports Precinct. The Precinct is home to the Gold Coast’s premier sporting facility – the Carrara (Metricon) Stadium. In 2011 the stadium underwent a $144 million upgrade to allow seating for over 25,000 which is being expanded to seat 40,000 for the 2018 Commonwealth Games.
The Carrara (Metricon) Stadium will be a major focal point for the 2018 Commonwealth Games hosting both the opening and closing ceremonies and the athletics competitions.
Carrara is only 8 kilometres from the 200 hectare Gold Coast Health and Knowledge Precinct which is home to Griffith University, the Queensland Academy of Health Sciences and the new $1.8 billion Gold Coast University Hospital and the soon to be completed Gold Coast Private Hospital.
The community has a high level of public transport infrastructure in place being 2.5 kilometres of the Nerang Train Station which is serviced by the Gold Coast/Varsity Lakes line, 11 kilometres from the Broadbeach South GoldLinQ light rail station and with a number of Translink and Surfside bus services running through the suburb.
1. Central location
Carrara is situated within the heart of Queensland’s Gold Coast, 10 kilometres from Surfers Paradise and 70 kilometres from the Brisbane CBD.
2. Population growth
By 2036 the Gold Coast’s population is projected to grow by almost 400,000 people to reach a resident population of 905,000 persons. This large increase in the region’s population will inevitably translate into a high level of underlying demand for new dwellings.
3. Strong owner-occupier area
The area is a popular residential address for home owners and renters alike with 67% of homes either owned outright or occupied under a mortgage and the remaining 33% held under rental tenure.
4. High capital growth
Between 2012 and 2014 median apartment values in Carrara grew by a strong 10% underpinned by increasing levels of demand.
5. Strong rental yield
The healthy rental market conditions throughout the suburb are evidenced by the gross rental yield being recorded at the time of this research which is a high 5.8%.
6. Apartment design & aspect
Spacious apartments are designed for modern outdoor / indoor living. Front facing apartments enjoy a north easterly aspect taking in wide views of the city skyline.
7. Convenience to shopping centres
The resident community of Carrara are within close proximity to a wide range of retail centres including the Gold Coast’s largest shopping destinations — Robina Town Centre and Paciﬁc Fair.
8. Apartment demand
The Gold Coast’s residential apartment market is unquestionably strengthening and is recording the highest demand for apartments in 8 years.
9. Infrastructure investment
Construction has begun on the $121 million redevelopment of the Carrara Sports Precinct. The Stadium will be a major focal point for the 2018 Commonwealth Games hosting both the opening and closing ceremonies and the athletics competitions.
10. Quality of life
The Gold Coast is famous for its 57 kilometres of golden beaches. There are three major golf courses within a 7 kilometre radius of Élevé – the Palm Meadows Golf Course, the Emerald Lakes Golf Course and Australia’s ﬁrst Jack Nicklaus designed Lakelands Golf Club.