Redcliffe is answering the call for oceanfront property close to Brisbane, as Australia’s love affair with beachside living deepens.
Demand for seaside real estate is growing as an ever-increasing number of buyers search for properties offering ocean views and a coastal lifestyle.
Beachside suburbs are also attracting savvy investors looking to build their property portfolios, as the principles of supply and demand ensure waterfront properties typically outperform other properties in rental return and capital growth.
The demand for oceanfront property increases when it is in close proximity to a capital city, making Redcliffe – conveniently located within easy reach of the Brisbane CBD and airport – ideally situated for ongoing growth.
This demand is reflected by growing interest in luxury oceanfront properties at Redcliffe like Kyko Group’s $150 million Mon Komo development.
The award-winning, mixed-use Mon Komo development consists of two towers with residential and short stay apartments, a hotel with bars and dining, a function centre, commercial office suites and retail spaces.
Redcliffe real estate agents are receiving increasing inquiries from buyers and investors seeking oceanfront property near Brisbane, according to Real Estate Institute of Queensland Redcliffe Zone Chair Andrew Reibelt.
“Australians dream of living close to the water, with ocean views and a seaside lifestyle,” Mr Reibelt said.
“Redcliffe is home to Brisbane’s closest oceanfront swimming beaches and offers residents their dream coastal lifestyle with an easy commute to the city for business or work if required,” he said.
“We have all seen how beachfront properties close to cities in the southern states and on the Gold and Sunshine Coasts have increased in value over the years.
“The Redcliffe Peninsula is conveniently located within an easy drive of Brisbane’s CBD and airport and will be connected to Brisbane’s extensive Citytrain network via the completion of a new $1.5 billion rail link mid next year.
“The limited availability of oceanfront property at Redcliffe will create greater demand which in turn will push up values, creating significant capital growth over time.”
Mon Komo developer Kyko Group’s director Bill Jenkings said the ongoing demand for luxury oceanfront property was a key consideration when searching for the best development site.
“Australians love the water and owning a home or holiday accommodation at the beach is the great Australian dream,” Mr Jenkings said.
“Oceanfront property is in limited availability and demand usually exceeds supply, making for a great investment,” he said.
“As a result, beachside real estate generally produces higher returns over time than other property types.
“We selected the Mon Komo site because of its spectacular waterfront location, uninterrupted ocean views that cannot be built out and easy access to all of the lifestyle, leisure and recreation opportunities at Redcliffe.
“A thriving café precinct, restaurants, bars, and the main shopping precinct of Redcliffe are all a short walk from Mon Komo’s residential and short stay apartments.
“The Mon Komo development fronts onto the newly streetscaped esplanade opposite recreational facilities including Settlement Cove lagoon, amphitheatre, beachfront parkland, picnic areas, basketball court, bike trail and the beach.
“The lifestyle, business and employment opportunities offered by Brisbane’s CBD, airports and surrounding suburbs are also within increasingly easy reach for Mon Komo residents.”
Mon Komo marketing manager and TOTAL Property Group managing director Adrian Parsons said Mon Komo offered home buyers and investors an exceptional opportunity to secure some of the only luxury oceanfront apartments available in Redcliffe, with the option to move in straight away or rent out with an immediate return.
“Apartments in Mon Komo’s residential tower are priced from $335,000 for a one bedroom design, with a selection of layouts available up to three bedrooms plus study configurations,” Mr Parsons said.
“Investment apartments in Oaks Mon Komo short-stay apartment tower are priced from $285,000 and offer strong rental returns of up to 7 per cent,” he said.
“Oaks Mon Komo apartments offer an immediate investment return starting at $345 per week, enviable occupancy rates of 82 per cent, and the additional security of a performance undertaking agreement guaranteeing a return of permanent tenancy rates for the first two years.”
Mon Komo is situated at 99 Marine Parade, Redcliffe, offering one to three bedroom apartments featuring floor to ceiling glass to maximise natural light and ocean views, oversized entertainer balconies seamlessly integrated with spacious open plan layouts, timeless stone and timber finishes, kitchens equipped with European appliances and ample storage space.
Information supplied by Louise Carroll Marketing