Rich Lister Eddie Hirsch racks up $80m in Gold Coast apartment sales

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The sale of $80 million of apartments in three weeks at Mermaid Beach is just one of a number of successful project launches on the Gold Coast in December and January.

At Yves, prices start from $550,000 for a one-bedroom apartment up to $5 million for the penthouse. A $2.995 million sub-penthouse was bought by a Melbourne investor.Faigen project so far, more than two-thirds were Brisbane and Gold Coast downsizers.

At Broadbeach, Macquarie Developments Group sold $35 million or 20 per cent of the 146 apartments offered at its $250 million Assana high-rise project during the first week of pre-sales. Macquarie Developments Group has appointed Multiplex to construct the tower, which is expected to break ground before the middle of the year.Further up the East Coast near Byron Bay, PAMA Causarina, a $75 million boutique residential apartment building clocked up $45 million in sales within four weeks of launching.

“Local buyers were the first to purchase as they are fully aware there is a limited opportunity to own a luxury apartment in Northern NSW,” said Adrian Parson, managing director of TOTAL Property Group, which is marketing the project.

 

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Another bunch of suckers that have overpaid at the top of the cycle ?

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