The Gold Coast has embarked on a new era of development. As construction starts on the $1 billion Surfers Paradise ‘Jewel’ three-tower highrise beachfront resort development on Old Burleigh Road and the 27-storey tower ‘Northcliffe Residences’ is given the go-ahead by the City of the Gold Coast along Northcliffe Terrace, we are seeing several big-hitters making strategic plays on beachfront assets located smack bang in the middle of these two new projects.
In an article recently published online, the Gold Coast Bulletin reports on the strategic purchases picked up by two Australian business men and an arm of listed company ASF in Garfield Terrace, Surfers Paradise.
One would think that if the smart money is once again chasing beachfront assets which have been ignored for some time post GFC it might be time to take a closer look at what opportunities might be available for the rest of us.
For more see – Western big hitter buys up on Coast