The Whitsunday property market is one to watch this year as southern buyers continue to flock to the tropical paradise, cementing its position as one of Australia's key lifestyle markets.
Recent market activity suggests that the Whitsundays is going head-to-head with the Gold Coast, Byron Bay, and Sunshine Coast, proving to be a favourable lifestyle destination as southern buyers continue to snap up luxury properties.
Rob Taylor from Taylors Property Specialists reveals that the Christmas and New Year period has shown a continued strong demand from southern states for properties in the Whitsunday region.
"We've seen steady demand for property from southern buyers who have identified the Whitsundays as a key lifestyle market, especially blue chip locations such as Hamilton Island and Airlie Beach," said Mr Taylor.
With growth in the state's southeast coupled with limited stock due to rising construction costs, demand is outstripping supply and attention has turned to markets further north, especially among lifestyle buyers.
Among the major projects currently marketed by Taylors is the $350 million Shute Harbour Marina Resort which has drawn extensive inquiry from buyers who are enticed by the lifestyle and value offered in the Whitsundays.
"Already in the first few weeks of the new year buyers have secured numerous $1 million-plus lifestyle homes," said Mr Taylor.
"The enquiry rate hasn't shown any real signs of slowing down from southern interest.
While we don't expect to see the hectic market activity of early 2022, we can expect a far more realistic, solid market which is best for the long term."
Shute Harbour Marina Resort master plan will feature 58 luxury waterfront residences to be located along the marina, each with their own private marina berth of between 25 and 35 metres.
When completed, the marina village will comprise mixed retail and commercial Pier 61, restaurants, cafes, and swimming pool, as well as managed apartments with resort club facilities for berth owners.
As one of the biggest residential-resort projects in North Queensland in more than a decade, the transformational development is also destined to become the region's premier lifestyle and leisure precinct – the perfect place to live, work, and play.
The $350 million Shute Harbour Marina Resort
The 58 luxury waterfront residences each have their own private marina berth: Photos supplied
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