Undervalued Biggera ready to move

The Gold Coast Bulletin featured a story this week about Biggera Waters and Sherpa’s plan to build luxury residential apartments overlooking the Broadwater. As Lead Sherpa, Christie Leet, explained, Biggera Waters had been undervalued for some time and research indicated it was starting to boom.

“Biggera Waters has been simmering with undervalued potential for some time now and these figures indicate significant upside on the Broadwater, which is something we always look at for our buyers,” he said. “The research led us to look at the Broadwater and Biggera Waters, in particular, so when there was an opportunity to secure a block overlooking the park and Broadwater, we jumped at it. In terms of value and capital growth, buying such a beachfront lot in Biggera Waters today is like buying a similar beachfront lot in Palm Beach five years ago.”

Christie referred to figures from Colleen Coyne Property Research, which showed Biggera Waters was among the State’s top 20 regional growth suburbs across Queensland. The median house price had increased 29.2 per cent in the year to June 30.

“Our Perspective brand has proved unbelievably popular because it is underpinned by our core values, including our belief that less is more,” he said. “Perspective Broadwater, at Biggera Waters, will feature just six one-per-floor apartments and a two-floor penthouse on the top, with a focus on delivering the most liveable floorplans on the Gold Coast. Building this level of luxury in the right place at the right time can deliver contract prices at the bottom of the upswing and settlement values at the top of the upswing. That’s the kind of buyer value that forms another foundation philosophy driving Sherpa’s business.”