The $250 million marina harbour front residential precinct, The Gateway on the Burnett River is proving to be one of the Queensland Coast’s newest hotspots, with more than $12 million in sales in the past five weeks.
And it seems locals have embraced the project, with 40 per cent of the residence sales coming from the local area.
The Gateway has been designed to deliver a vibrant mixed-use village overlooking what is known as one of the safest north facing Queensland harbours. Just 15 minutes from the Bundaberg CBD, the Burnett River is also the gateway to some of the regions most iconic attractions, including the Southern Great Barrier Reef and Fraser Island.
Damian Brown of Property and Estates Project Marketing says the strong sales have been generated by eager buyers interested in putting their name to a rare slice of harbour front luxury living.
“The market response to The Gateway Waterfront Residences has been incredible. We knew we had something special on our hands here, and we have really seen a lot of genuine interest,” said Brown.
“40 per cent of sales have come from locals who recognise the scarcity and value in north facing waterfront residences, alongside those who have been enticed by all The Gateway has to offer.”
The first stage of The Gateway Waterfront Residences offering includes 46 north-facing waterfront residences across two low-rise buildings, Musgrave and Elliot, each featuring open plan living and dining spaces, a large master bedroom with dual walk-in wardrobes, and balconies that maximise views to the marina and ocean.
Pricing for Musgrave and Elliot starts at $795,000 and will comprise two, three and four-bedroom residences, including penthouses and ground floor garden apartments with private plunge pools.
“The Gateway is a very special development coming to Burnett Heads. The Waterfront Residences are not only affordable luxury but will also offer residents comfort and security in their positioning – a sheltered and safe harbour,” said Brown.
The Gateway will be bringing a total of 318 marina berths to meet the growing demand from boaties looking to berth their vessels in a safe harbour, with research showing an increased demand for berths as boat sales ramp up in Queensland and along Australia’s east coast.
There is significant funding behind the project, with The Gateway backed by Simon Harvey’s development company, BeauGroup Management Pty Ltd, which has been progressively re-deploying capital via the sale of several high-profile assets across the US, Australia, and New Zealand.
Dredging work is well underway with completion anticipated in early 2023 ahead of construction and installation of the first 80 marina berths. The completed marina is set to incorporate a total of 318 berths, accommodating single and multi-hull craft of various lengths.
The first marina berth stage is due for completion in the second half of 2023, with Musgrave and Elliot purchasers given the first opportunity to secure their preferred marina berth.
Article source: Queensland Property Investor
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