Prestige Waterfront Rental Market Shows Continued Strength

September 19 2022

The supply of premium beachside and waterfront rental apartments is ramping up, but so too is demand as people seek to secure a property for the summer period.
Prestige Waterfront Rental Market Shows Continued Strength

Spring is in full swing and with it has come a renewed push from those seeking to secure a Gold Coast beach or waterfront lifestyle property to lease over the warmer months.

Kollosche New Business Executive Katie Dalton says the Gold Coast leasing market is booming, with rentals along the city’s coastline and waterside precincts always in high demand.

“Our beachside suburbs are by far the biggest draw. Properties perform really well if they are beside water in any way, particularly apartments,” says Katie.

Lifestyle markets experienced strong growth over the peak pandemic periods. Queensland watched its population boom, with accelerated interstate migration reaching 1.4 per cent annually, the highest and fastest level of growth nationwide, according to REA.

As a result, rental properties were being snapped up twice as fast as they were pre-pandemic and stock levels declined as investors exited the market and owner-occupiers moved in.

Eight months on and according to Katie, that scenario is shifting, specifically in the prestige market.

In what is good news for prospective tenants, she says rental pressures at the top end of the market are beginning to ease, with a boost in the number of resort-style waterfront properties coming up for lease serving to help meet robust demand.

“The market we saw during the pandemic boom has balanced, so there is a lot more opportunity now to live a great Gold Coast lifestyle,” says Katie.

“A stem in the flow of interstate migration has led to a further shift in the market, with demand coming predominantly from the local and Brisbane markets.”

Another trend that is emerging is a rise in off-market contract signings.

Katie says that while stock levels are healthy, her team is penning an increasing number of agreements off-market for people who need to lock-in a rental while they carry out a renovation or build a new home, or those who simply do not want to miss out on a luxury home for their summer holiday.

“At Kollosche, our greatest strength is who we know. The crossover between the sales team and our property management department is allowing us to form relationships with clients beyond just selling their homes,” says Katie.

This cohesive approach has led the Property Management team to secure some of the Coast’s most exclusive rental properties in the city’s hottest beach and waterside locations.

36 Naples Avenue, Isle of Capri | kollosche

Set on Main River in an exclusive avenue on the Isle of Capri, this elegant two-storey home is available to rent at $4,500 a week. The four-bedroom, four-bathroom residence can accommodate a large family with ease. The open-plan living spaces have stunning wide water views and flow out to a covered dining area for indoor-outdoor entertaining. Lounge by the pool, fish off the sandy beach, or explore the waterways around Surfers Paradise and Broadbeach. Contact Katie Dalton 0431 255 875.

A stylish Main River property in Sorrento, enjoying peace and privacy at the end of a quiet cul-de-sac, is available to rent at $2,650 a week. Set over two levels, the home can accommodate a large family and is an entertainer’s dream. Spend the summer dining alfresco as you take in the river views before retiring to the media room to watch the latest blockbuster. The home is offered fully furnished and is close to Surfers Paradise, the Isle of Capri and Broadbeach for shopping, dining and beaches. Contact Ashlee Gegg 0402 658 538.

Live a life of luxury 38 levels up in Broadbeach’s ‘The Star Residences’ where a two-bedroom apartment is available to rent at $1,150 a week. Located at 13803/5 The Darling Avenue, the property features floor-to-ceiling windows and has a beach-facing balcony offering ocean and city skyline views. Residents are on the doorstep of The Star Casino and its first-class amenities. Contact Charlotte Conroy 0411 292 888.

1501/212 Marine Parade, Labrador | kollosche

As a shift back to the cities gives way to a rise in local activity, opportunities are opening up for Brisbane-based workers looking to secure resort-style lock-and-leave properties at the northern end of the Coast. The waterfront penthouse in the residential-only ‘Windsong’ building on the Broadwater is available to rent at $2,500 a week and offers a convenient weekend escape from the hustle and bustle of city life. Relish low-maintenance living in this luxurious, fully furnished and rarely available four-bedroom apartment. Contact Katie Dalton 0431 255 875.

View a complete list of prestige properties for lease with Kollosche.


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