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Hope Island joins Gold Coast million-dollar club

first_imgThe island suburb is known for its boating lifestyle.“We’re getting lots of interstate buyers seeing value in the lifestyle that the (Sanctuary Cove) resort offers,” he said.“There’s been steady price growth and plenty of record sales.”Mr Gates said it was difficult to find a house for less than $1.5 million but there were opportunities to buy apartments or townhouses for much less.Amir Mian Prestige Property Agents’s Charlon Delos Angeles said the area was getting more attention than ever, which had contributed to the price increase.“I think it’s because Hope Island and Sanctuary Cove are starting to get a bit more exposure,” he said.“As soon as people know about the place they think, ‘this is a nice area’.”More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29 MORE NEWS: Buyer takes big risk to secure designer’s home Source: CoreLogic data to May Hope Island’s median house price has reached $1 million following strong price growth over the past few years.A NORTHERN suburb that has been lingering on the outskirts of the Gold Coast’s million-dollar club for months has finally made it in.Hope Island is the latest area to make it into the elite group, CoreLogic data to May shows.It joins Mermaid Beach, Surfers Paradise, Tallebudgera Valley, Broadbeach Waters, Clear Island Waters and Bundall, making it the only northern suburb in the group.Hope Island, which includes the exclusive enclave of Sanctuary Cove, has only just earned entry after its median house price jumped 12.4 per cent in the past year to $1 million.But Ray White prestige agent Matt Gates, who specialises in Sanctuary Cove properties, said it was likely to continue climbing as house hunters were attracted to the area’s lifestyle. MORE NEWS: Where to buy in the regions 1. Mermaid Beach – $1.4 million 2. Surfers Paradise – $1.23 million3. Tallebudgera Valley – $1.17 million4. Broadbeach Waters – $1.14 million5. Clear Island Waters – $1.13 million6. Bundall – $1,062,5007. Hope Island – $1 million While the suburb and its prestige enclave were known for their extravagant waterfront and golf course mega-mansions, Mr Delos Angeles said it wasn’t just an area for cashed-up buyers.“There are some really nice communities that aren’t gated and there’s a lot of property (types) for everyone,” he said.“There’s still a lot of opportunities for people to enter into that type of market by buying something that’s a renovator.”Alex Phillis Luxury Real Estate director Alex Phillis said recent infrastructure upgrades had also breathed new life into the area and complemented the resort-inspired lifestyle everyone loved.“One minute you could be golfing then you could be out on the boat,” he said. MILLION-DOLLAR CLUB (suburb, median house price)last_img

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