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Silvershore
Waterfront living on the Broadwater, Gold Coast, Qld
Strata title apartments ranging from low $400,000’s to $786,000
Body Corp: 1 bed + study $65pw 2 bedroom $71pw
Completion Date: due December 2008/early 2009
Rates: approx $1,300pa (TBC)
Apartments: 106 x 1 bed + study, 45 x 2 bedroom, 7 x 2 bed + study
Nothing compares to living on the waterfront . .
It is hard to imagine a more idyllic location in the Gold Coast – now Australia’s fastest growing region.
Offering panoramic views of the magnificent Broadwater, Wave Break Island, South Stradbroke Island and the Hinterland, ‘Silvershore’ delivers breathtaking scenes from Surfers Paradise to the south east to Runaway Bay to the north.
And ‘Silvershore’ will be at the heart of a huge bank of potential long-term tenants with the commercial hub of Southport; Griffith University; the biggest hospital in the southern hemisphere (under construction); Harbour Town Shopping Centre; and Australia Fair just minutes away
Designed so most of these spacious apartments enjoy a north-east aspect to take advantage of the glorious water views, ‘Silvershore’ consists of a single 9 storey tower housing 158 apartments.
All ‘Silvershore’ apartments are equipped with stainless steel appliances, ducted personal air conditioning and security access to all floors, including the basement car park. Amenities consist of a fully equipped gym, a 25m heated lap/recreational pool, sauna and heated spa, bocce lawn and plenty of visitor car parking spaces.
The local area offers a choice of chic restaurants, shops and cafes, whilst enthusiasts can enjoy windsurfing, fishing, walking and cycling tracks along the Broadwater, or stroll along the sandy beaches.
A wonderful opportunity to secure a top quality apartment in an exceptional location at pre-construction prices by using a cash deposit, bank guarantee or deposit bond. Final payment will be on completion either late 2008 or early 2009.
Why invest on the Gold Coast ?
It is the fastest growing municipality in Australia – the city is growing by 2.7% p.a. and has now reached a population of 500,000
In addition, it has 4.4 million visitors annually
There is a need to create 5,100 new dwellings each year or nearly 100 new dwellings per week
The median cost of a Gold Coast home has increased by 88% over the past 5 years
The median cost of a Gold Coast unit has increased by 118% over the past 5 years
The median cost of a block of land has increased by 82% over the past five years
The Gold Coast offers a lifestyle which is world class
Rapid population growth will continue to drive the Gold Coast into the future, much of which will stem from the baby boomers (aged 45 to 60)
Source: PRD Research December 2006
Quoted from the Matusik Report Biggera Waters
Biggera Waters offers relaxing waterfront living and yet is just minutes from Southport, the true CBD of the Gold Coast, which the Queensland Government has identified as a Principal Activity Centre in its South East Queensland Regional Plan. Principal Activity Centres are the key focal points of regional employment and comprise key nodes in the regional transport system. Population growth Having gained an additional 14,000 new residents each year over the last ten years, an average annual growth rate of 3.4%, the Gold Coast has consistently been the fastest growing major region in Australia and is the largest city outside of the five mainland state capitals. Biggera Waters and Labrador have a current population of 22,356 permanent residents. Immediately south of Biggera Waters and Labrador is Southport, the largest Gold Coast suburb, which has a population of 25,896 and which grew by 4.0% between 2005 and 2006. Commercial hub and "knowledge precinct" Biggera Waters is not only ideally positioned along the beautiful Broadwater and all the aquatic activities it offers, but is in close proximity to Southport which is a regional hub of commercial and institutional activity. Major employment generators in Southport include the Australian International College of Language, Bartercard, Department of State Development and Innovation, Genesearch (an Australian biotechnology company), Allamanda Private Hospital and Surgicentre, Pacific Private Hospital, the Gold Coast Hospital, a range of judicial services, the Gold Coast Institute of TAFE, and campuses of Central Queensland University and Griffith University. Many major firms in the legal and financial sectors also have their offices in Southport which is only four and a half kilometres from Biggera Waters. The Gold Coast campus of Griffith University – the fastest growing of Griffith University’s five campuses in Queensland with 12,000 students and 850 staff - has been identified as an Information and Communication Technology cluster and the site of the Knowledge Precinct in the Queensland Government’s South East Queensland Regional Plan. An integral part of the Gold Coast City Council’s Economic Development Strategy. In addition, the Parklands precinct off Smith Street in Southport has been announced as the site of the proposed Gold Coast University Hospital, a $1.2 billion project to deliver 750 beds and several thousand staff and specialist personnel. This project will increase the already high demand for houses and apartments in the Biggera Waters area. The proposed $17 million (over the next five years) redevelopment of the Southport Broadwater will make Biggera Waters an even more desirable lifestyle destination for its residents. Its close proximity to the Pacific Motorway gives a range of options when needing to either go south to Coolangatta Airport (35 minutes) or Byron Bay, or alternatively north to Brisbane (less than an hour away). Top performance There were 303 settled apartment sales in the suburb of Biggera Waters during the 2007 calendar year, with the median sale price increasing by 4% from 2006 to 2007. The increase in median values reflects the popularity of seaside living and the premiums which are payable for apartments close to water and in locations with good transport infrastructure.
According to the Residential Tenancies Authority, median weekly rents in Biggera Waters have increased as follows: One bedroom apartments: Up 4.5% over the past 12 months and 15% over the last two years; Two bedroom apartments: Up 14.5% over the past 12 months and 26% over the last two years; Three bedroom apartments: Up 6.5% over the past 12 months and 29% over the last two years. The latest figures released by the Queensland Government show that the vacancy rate for residential accommodation across the Gold Coast is currently just 2.4%. This quarterly survey, conducted by the Office of Economic and Statistical Research, found that 72% of real estate agencies on the Gold Coast contacted said that demand for permanent (over three months) rental accommodation across the Gold Coast increased over the past 12 months. A figure of 30% or more suggests – as does a vacancy rate under 4% - that a market is undersupplied with rental stock. The significant rent increases detailed above are further confirmation of the tight rental market on the Gold Coast. Indeed, along Marine Parade at Biggera Waters we would expect rents for new (unfurnished) apartments to be as follows: One bedroom plus study apartment $380 - $440 per week; Two bedroom apartment $440 - $525 per week; Two bedroom plus study apartment $550 - $600 per week; and Three bedroom apartments Up to $700 per week. New development
There are currently 1,914 new apartments for sale across 63 active projects on the Gold Coast and the northern Tweed Coast. In Biggera Waters itself, there are no new apartment projects currently for sale, as a result of the recent sell-out of Raptis Group’s Waters Edge project on Marine Parade. There is a lack of development opportunities in Biggera Waters, particularly along Marine Parade (the prime part of the suburb); consequently any new development that does come on the market is sold very quickly. In order to meet this high level of demand, the Emandar Group is about to launch another quality project known as Silvershore on Broadwater. Located on Marine Parade adjacent to Waters Edge, Silvershore will offer inspired waterfront living with views of the Broadwater, Wave Break Island, South Stradbroke Island and the hinterland. Nearby are cosmopolitan restaurants and cafes, the Harbour Town and Australia Fair shopping centres, Southport CBD, and world class golf courses. Silvershore will consist of one nine-level tower comprising 158 luxury apartments in a mix of one bedroom plus study, two bedroom and two bedroom plus study configurations. Most apartments are north-east facing, with glass balustrading to enjoy the panoramic views of the Broadwater and surrounds. Silvershore apartments will offer quality kitchens with stainless steel appliances, ducted personal control air conditioning, quality fittings and fixtures, broadband capacity and cable TV access. There is also security key access to all floor levels including the secure basement car park. Some of the facilities include a fully equipped private gymnasium, 25-metre heated lap and recreational pool, sauna, heated spa, poolside BBQs, a large entertainment terrace, and extensive lush tranquil landscaped gardens. An onsite manager will ensure Silvershore is managed to the expectations of its residents.
Disclaimer Whilst this information has been carefully compiled no warranty or promise as to its correctness is made or intended. The information enclosed also represents subjective interpretation by Matusik Property Insights Pty Ltd (ABN 85 088 308 847) and should not be relied upon for investment decisions. Interested parties should undertake independent inquiries and investigations to satisfy themselves that any details herein are true and correct. The material in this publication is copyright. Reproduction only allowed with permission. Phone (07) 3720 9988 . Date compiled February 2008. Information is valid for six months from date of compilation.
 
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