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Buyers rush finished project priced at less than $500,000

first_imgThe project has been attractive to southern buyers.Lanikai project manager Dean Muldoon said the location and high level of apartment finishes were attractive to buyers.“The developer Dankav has gone the extra mile in terms of the facilities and finishes and so far the buyers have been unable to find any comparable product elsewhere on the Coast,” he said.“They always come back and comment on how much better this is and the building speaks for itself on the comparison scale.”Lanikai is due for settlement in the next few weeks and a display has now been completed. The developers expect the last five apartments to sell quickly. Buyers have shown strong support for Lanikai apartments, Southport.BUYERS are rushing a completed Southport project, keen to secure an apartment before the $20,000 boosted Queensland First Home Owners’ Grant ends on June 30.Ray White Projects Gold Coast director Julian Sutherland said the limited remaining stock in the Lanikai project represented some of the area’s few finished apartments available for less than $500,000.Mr Sutherland said prime locations in this price bracket were becoming more difficult to find, as limited land availability in the centre of the Gold Coast was pushing up prices.“Currently we are inundated with buyer enquiry for completed stock, and with apartments in Lanikai starting at a low $465,000, there would only be a handful of completed product (like this) available on the Gold Coast,” he said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North10 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“Buyers from Sydney and Melbourne have been on a buying rampage in the last few months as the disparity between pricing in these locations and affordability have made it increasingly more attractive to buyers from the southern states.”last_img read more

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