There’s been a rise in popularity for apartments in Kings Beach recently, which is no surprise considering the beautiful beaches and relaxed lifestyle it offers.
Traditionally, there’s been a lack of supply in this suburb, with apartments being snapped up quickly, sometimes before hitting the open market. According to the latest REIQ Market Report, Kings Beach recorded the third highest unit and townhouse sales, after Maroochydore and Mooloolaba.
There have been a number of reports of late hailing Queensland’s Sunshine Coast as the hottest place in the nation to invest in property right now. Sellers are realising this and see the potential increased value of their property, hence the flood of apartment coming onto the market.
A lack of housing, a tight rental market and a rapidly growing population means supply is failing to keep up with demand in the region — creating perfect conditions for investors. Sales Agent, Daniel Mendes says “in particular, high end apartments are in strong demand at the moment. Buyers want a convenient and low maintenance lifestyle close to the beach and facilities.”
Buyers are enjoying all the extra benefits that come with apartment living just like Saltairé Apartments, which provide residents with access to extra amenities such as a pool (without having to maintain it yourself) sunbathing terrace, communal BBQ areas and the peace of mind knowing your home is secure when on holidays.
Work is progressing on this highly anticipated development, due for completion in October 2018. Buyers in this development have been predominantly owner occupiers, with some Brisbane buyers looking for a beach getaway close to amenities. The Brisbane developers are capitalising on the strong Kings beach market.
The great news for everyone is that Kings Beach still represents great affordability for such a highly sought after suburb, attracting tenants, owner occupiers and investors alike. The median price for a 3 bedroom unit in Kings Beach is $553,500 and the median weekly rent for a 3 bedroom is $360 per week.
The stylish suburb is also appealing to high-end lifestyle buyers, with RP Data reporting 34% of Kings Beach unit/apartment sales in the last 12 months have sold for over $700,000. Almost 10% were over $1 million. If the upward trend is anything to go by, these figures are projected to grow further, as median unit prices in Kings Beach have increased by 17.6% in last 5 years.
Make the most of the booming beachside suburb with our excellent selection of stunning properties on offer. You’ll live the high life at Saltair Rise, giving you the best in coastal lifestyle, views and location with their range of configurations throughout the stylish boutique complex. Residents will enjoy full access to resort facilities such as heated pool, gymnasium, media room, BBQ areas, landscaped gardens, secure parking plus storage and lift access to apartments.
If you’re into penthouse living, check out the top floor 2 bedroom apartment at 6/11 Dingle Avenue showcasing glorious ocean views from its exclusive rooftop terrace. Located in “Sandhurst Court”, just footsteps to the sand, the apartment is complete with 2 bathrooms, open plan living flowing to the balcony, modern kitchen with stainless steel dishwasher and single lock up parking.
Another great option is 103/29 Canberra Terrace, a brand new unit on the ground floor of the trés chic “Aqua View” building. The apartment comes with three private terraces 2 double sized bedrooms, 2 bathrooms, quality kitchen, open plan living, expansive alfresco entertaining terrace, separate laundry, and secure basement parking for one vehicle… and all this just a pleasant stroll to beautiful Kings Beach!
The last gem in this quality line up is 2/10 Princess Lane. The light-filled apartment comes with an expansive wraparound balcony showcasing parkland and ocean views, and is complete with 2 bedrooms, 2 bathrooms, open plan living, well-equipped kitchen, separate laundry, and secure basement parking for a single vehicle. Located in the modern “King’s Edge” complex with in-ground pool, you’ll be living directly opposite the beach and surf club! What more could you ask for?
For the full selection of properties on offer in Kings Beach and throughout the Sunshine Coast, check out our website.