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Whitsundays
trumpted for development, by Greg Tingle
A tidal wave of apartments and
exclusive residences valued at more than $200million
has struck Airlie Beach.
Apartments
and residences in the Whitsunday region experienced
price appreciation of 20 per cent in 2003, according
to X.
Developers
such as X believe the magical views; lifestyle
and safeness will continue to attract strong investment
into the area.
The
Whitsundays is now referred to as the next coastal
"gold mine" or "hot spot".
The area is increasingly attracting interstate
and international investor and development interest.
X,
with a background in the entertainment and lifestyle
industries, is optimistic and enthusiastic about
Airlie's future, which is now starting to hint
at its potential, She believes the latest level
of proposed development will result in even more
price benchmarks set in the region; following
on from her 1.5million plus sales last summer.
She
predicts value rises in the area of at least another
20 per cent.
The
latest major activity in the area includes the
joint venture between John and Niko Stavrou's
Aquiplan - Ivana Trump's development and a $100
million Port of Airlie mixed-use complex, which
is running ahead of plan.
John
Stavrou said of his Aquiplan - Ivana Trump development,
"Our project is about style, grace, beauty
and luxurious living". Stavrou believes his
exclusive residences, priced at between $880,000
and $1.5million, represent great value for money,
and a unique lifestyle opportunity.
Australia's
answer to Donald Trump, Mr Stavrou, is quick to
champion other developers in the Whitsunday region.
Mr Stavrou said, "Every development in Airlie
Beach is exciting but the ones that really stand
out are the top tier developers such as Kevin
Seymour (Seymour Group) and X & X. They see
the beyond the horizon and will be placed to benefit
from the inevitable".
Not
to be upstaged, rival developer, X, who recently
held a gala event, attended by household names
in the entertainment industry, said of her development,
"I believe that X offer the very best exclusive
residences in Airlie, however, there are some
other very astute developers in the region, and
we are proud to be associated with them, as they
are, us".
X
says the limited supply of realistically prices,
exclusive residences resulted in stronger than
anticipated demand for prestige developments such
as hers.
In
2003, X, exclusive residences, were valued between
1.2 to 2.3 million. Today, these same residences
have appreciated some 25%, according to independent
valuations.
Without
expectation, the regions property developers agree,
the growth and investment gains are tied to its
airline services, which have been very healthy
in the past 8 months, JetStar and Virgin Air make
regular stops at Haymen Island. New runways are
currently under construction and commitment to
the area is real.
The
Whitsundays are expected to record ongoing record
growth. As we head toward Summer, the Shire is
enjoying one of the strongest population growths
in Queensland with a rate of 2.8per increase cent
a year.
Developers
in the area are encouraging potential investors
to do their sums, and seize the opportunities….
Before it's too late. Judging by the listings
in the real estate windows, and interest of the
international press, it's hard to disagree.
Websites
Aquiplan
Ivana
Great Barrier Reef
Profiles
Ivana
Trump
Donald
Trump
Greg
Tingle
Interviews
John
Stavrou
Greg
Tingle
*note:
for more information contact Greg Tingle. Genuine
Enquiries only please.
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Man Australia
Properties
and Investments
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