Turn-key Homes Still Trump Buyers’ Wishlists
September 15 2023
Turn-key properties continue to hold favour among buyers who increasingly want to walk in and immediately start enjoying the lifestyle on offer.
The trend has gathered pace since the pandemic, when the construction industry became beset with problems as the cost of materials and labour soared and reputable builders became difficult to secure.
While these issues have begun to ease, buyers’ mindsets have shifted towards acquiring new-build or already renovated homes, where any required work is minimal and the level of upkeep low.
This trend is particularly evident in the apartment sector where demand for stock in new-build and boutique developments has increased and in many suburbs price growth has superseded that of freestanding homes over the past 12 months.
Sales agents John and Nicole Mayer recently sold at auction a three-bedroom apartment in the boutique beachside building ‘Darenay’ at 3/2 Lavarack Road, Mermaid Beach, for $2,506,000. After only 22 days on market, the beachfront apartment attracted 141 enquiries and three written offers. On auction day, competition was fierce with 12 buyers lodging a total of 78 bids before the hammer fell.
Newly built turn-key villas have also been selling well with two villas in a new-build duplex at 36 Bordeaux Parade in Mermaid Waters selling for $1,850,000 and $1,870,000, both through agents Nicky and Jason Cunningham and Eddie Wardale.
Sales agents Michael Kollosche, Sam Guo and Julia Kuo are marketing a dual-level penthouse apartment overlooking Tower 39 on absolute beachfront at 6/3527 Main Beach Parade in Main Beach. Low maintenance and featuring a full-floor rooftop terrace, it offers a rare turn-key opportunity on absolute beachfront and will go to auction on Friday, 13 October.
Fresh to market in a prestige gated estate within the RACV Royal Pines Resort is 10018 Boulevarde Lane, Benowa, marketed by sales agent Marco De Vincentiis. The recently upgraded property is being sold with quality furnishings from high-end suppliers and is available through private treaty.
If you are thinking of bringing a turn-key property to market, reach out to a trusted Kollosche agent who can help you to maximise its sale potential.