A leading property developer is urging buyers to invest at the southern end of the Sunshine Coast, with record Brisbane housing prices having a flow-on effect to the north.
New CoreLogic figures show Brisbane house prices hit fresh records in August, with long-time Sunshine Coast real estate agent Marcus Muir saying “costs are only going to go up”.
According to Henzell Property Group, confidence in Pelican Waters’ prestige apartment market was underscored by the recent $5.6 million sale of a penthouse at Comino at full list price, which set a new benchmark for the region.
Comino comprises 40 luxury waterfront apartments and was developed by the Henzell Property Group. The developer has announced it will cover stamp duty on all unconditional contracts signed in September for Comino’s remaining two- and three-bedroom apartments.
Henzell Property Group director Mclean Henzell said “timing matters” because prices are rising and completed apartments on the Coast are scarce.
“Covering stamp duty now, alongside major road upgrades and infrastructure focus for the upcoming Olympic Games, gives buyers both immediate savings and long-term lifestyle benefits,” Mr Henzell said.
Comino’s residences start from $1.995 million for a 228sqm three-bedroom apartment with multiple car spaces and storage, which the developer says are significantly larger than many Sunshine Coast apartments in the same price bracket.
“Unlike most new projects still years from completion, Comino is move-in ready, offering buyers certainty, generous space and uninterrupted views,” Mr Henzell said.
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Mr Muir said the Sunshine Coast was in a strong growth phase.
“Buyers are seeking completed homes with infrastructure that supports long-term value,” he said.
“With upgrades easing traffic at the busy Caloundra Road and Nicklin Way intersection, improving connectivity to and from Brisbane, it gives professionals, retirees and residents alike the added appeal to buy now as costs are only going to go up.”
