Forced north: Burleigh’s loss is Paradise Point’s gain

Aerial view on the Gold Coast looking north. Photo – iStock

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Downsizers are fleeing construction chaos with Paradise Point emerging as the peaceful retirement haven of choice.

The almost endless construction and public infrastructure works from Broadbeach down to the border is prompting downsizers to run to Paradise Point in search of a more peaceful retirement.

Ray White Malan + Co Paradise Point agent Emma Grant is marketing four boutique developments in the area and said the majority of buyers were seniors who might like the southern end as a destination but can’t bear the constant jackhammers and traffic disruptions at their age.

1 Tecona Ave, Paradise Point.

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So far, she’s had 120 enquiries on the properties, with 65 per cent from local downsizers who were looking to move to the coast from their hinterland acreages.

The remaining 35 per cent of interest was coming from investors.

“Don’t get me wrong, Burleigh Heads is great, but it’s in a state of flux at the moment in terms of the tram going in and multiple high-rises being built – if you don’t especially love the beach, it can be a bit much,” Ms Grant said.

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11 Bruce Ave, Paradise Point.

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“I think that’s why we’re seeing so much enquiry from downsizers on the northern end, they’re craving that slower lifestyle and there’s no great risk of it being taken over by the big developers in the near future.

“Still, water living on the Broadwater is also a major selling point for them as it’s less exposed to the elements.

“They want a low maintenance, lock and leave home in a quieter, more community focused area while still being walking distance to cafes and restaurants – that’s Paradise Point these days, not necessarily Burleigh Heads.”

84 The Esplanade, Paradise Point.

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The four properties Ms Grant said were suited to downsizers include 14 Victor Ave, 11 Bruce Ave, and 84 The Esplanade, all in Paradise Point, as well as 1 Tecona Ave at Hollywell.

Victor Ave has already sold out of the four villas in the development with the buyers of all four listings in their 60s moving to the area from the hinterland.

Bruce Ave and The Esplanade have villas available while Tecona Ave will be launching soon.

14 Victor Ave, Paradise Point.

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PropTrack data shows the median unit price at Paradise Point is $995,000, up 15.7 per cent in the past 12 months.

The area has a slightly older demographic with ABS data revealing the average age is 53 compared to the rest of the Gold Coast which is 39.

“Paradise Point is a great place to spend your golden years,” Ms Grant said.

“There’s good capital growth in the area for those who are mindful about what they might leave to their family too.

“It’s very easy to get around and the foreshore is just magical in the morning and at sunset for a stroll — not to mention there’s some world class golf courses nearby.

“I don’t want to say Burleigh’s loss is Paradise Point’s gain but the northern end is quite suited to retirement living at the moment.”