Mosaic in the news, Projects | 3 min read

New record set in sales

Mosaic Property
Mosaic Property
01/04/19

Sunshine Coast Daily - Mosaic Property Group has achieved record-breaking sales across its showpiece award-winning, $103m Avalon development on Duporth Avenue in Maroochydore, smashing its own $5.65m record previously set for the same project.

Mosaic Property Group has achieved record-breaking sales across its showpiece award-winning, $103m Avalon development on Duporth Avenue in Maroochydore, smashing its own $5.65m record previously set for the same project.

Two whole-floor luxury penthouse residences have achieved between $5.65m and $6.0m, along with eight other sales for half floor luxury apartments, ranging in price between $2.6m and just under $3.0m.

The 524sqm dream residences on Levels 7 and 8, each an amalgamation of two riverfront apartments, feature a coveted northerly aspect; four bedrooms, including a magnificent 90sqm master suite; four bathrooms plus powder room; chef’s kitchen with scullery; media room; study; library; wine cellar; fireplace, between 6-8 car spaces; and private boat moorings. Nothing of its kind has previously ever been delivered on this iconic and rare, north-east facing riverfront in Maroochydore.

Officially launched in late 2018, the boutique luxury Avalon has already realised over $50m in sales, with strong ongoing interest from local and interstate buyers. Comprising a total of 86 two and three-bedroom apartments, including a range of exclusive waterfront residences, the development boasts a ground-floor artisan café, gym, sauna, steam room, private pontoon, watercraft storage, resort pool, sun decks and an exclusive concierge service.

Avalon was recognised for setting a new benchmark in residential design, winning the inaugural Design Excellence award late last year from the Urban Development Institute of Australia (Qld).

Mosaic Property Group Managing Director Brook Monahan said this momentous achievement was the ultimate culmination in what has been a phenomenal success story so far for Avalon, with buyers captivated by the compelling blend of lifestyle, location, design and finish.

“The market sees this as an extremely special and very rare opportunity to secure brand-new product in the Dress Circle of Maroochydore, just minutes from an incredible array of convenience, lifestyle and commercial amenity” said Mr Monahan.

“The site itself is rich in local history and we have spared no expense in ensuring we produce nothing but extraordinary for it.”

“The end result is this thoughtfully designed, exceptionally finished landmark project in a dynamic, rapidly evolving destination. We are incredibly proud to be producing what we see as a true stand out in the Sunshine Coast apartment market, a sentiment that is further validated by this record-breaking sale.”

The $2.1 billion, transformational Maroochydore City Centre plan will see new parks, waterways, retail, dining, commercial and lifestyle precincts, creating thousands of jobs and placing the city on the international stage. The $400million Sunshine Plaza expansion is due to open in March this year and construction has commenced on $35million connection to the JGA-South undersea fibre optic cable system, which will result in the fastest international data connection point to Asia.

“It is such an exciting time for the city with the amount of infrastructure and lifestyle spending taking place. Investors are really starting to sit up and take notice of the undeniable fundamentals that make Maroochydore a prime property investment choice.”

“And of course, the lure of an unbeatably idyllic, low maintenance coastal lifestyle is proving too good an opportunity to miss out on for a number of downsizer and upgrader owner-occupiers.”

Avalon’s remaining apartments range from 109sq m to 385sq m with prices starting at $560,000 for two bedrooms and $900,000 for three bedrooms, although with very strong sales in February already, the remainder of the project is selling quickly. Only two opportunities remain to purchase in Azure, the developments ultra-exclusive, boutique waterfront tower from $1,770,000.

Construction on Avalon is scheduled to commence in May this year.

For more information, call 07 5329 7920 or visit the sales display at 48-50 Duporth Avenue Maroochydore.

Sourced: Sunshine Coast Daily, Real Estate, 30 March 2019