Local and interstate buyers drive Pipis Bilinga apartments to 75% sold
Sales are coming thick and fast at Siera Group's luxury Bilinga beachfront apartment development, Pipis.
The burgeoning developer, who is also delivering Tapestry on Chevron Island and is soon to launch a new tower on Enderley Avenue just off Northcliffe Beach, has seen a huge uptake from both local and interstate buyers at Pipis, on the quiet strip of sand just north of Kirra.
Around 65 per cent of the buyers so far have been from the Gold Coast and Brisbane, a mix of owner-occupiers, downsizers and investors, while 35 per cent have come from interstate, more specifically outside of Sydney and Melbourne.
The main motivation of the buyers has been to find somewhere that allows them to live on the beach, to walk, swim and surf every day, but paired with a location that offered a more relaxed, slower-paced lifestyle compared to some of the busier Gold Coast beaches.
Pipis comprises just 19 luxury beachfront apartments, 17 half-floor, three-bedroom apartments and two two-level penthouses with four bedrooms which will be released to the market later this year.
Designed by Ellivo Architecture, Pipis apartments boast spacious open floor plans spanning from 233 sqm to 314 sqm, with the kitchen, living, and dining areas flowing onto balconies overlooking the beach.
Pipis will be well connected to the Gold Coast, with the new light rail stop set to be just 300 metres away from Pipis at Boyd Street.
Siera Group Managing Director Brent Thompson says that while people see the apartments as a home, they also see it as an investment.
"Some of our buyers its an investment as much as a lifestyle play," Thompson says.
"They see the opportunity where they can appreciate good capital growth over the next decade. Those properties are beocming rarer and rarer and baechfront sites are becoming harder to amalgamate."
Thompson says that not only do the apartments present good value compared to the southern states, they represent good value compared to the rest of the Gold Coast.
"When you look at the Tugun, Bilinga beachfront, we're able to deliver 300 sqm apartments for around $15,000 per square metre. Anywhere else that's absolute beachfront on the Gold Coast, like Main Beach, it's more like $25,000 a metre. It's an amazing value proposition."
Pipis is under construction by LPS Group and is expected to be compelted by early-2025.
Siera Group's next development is on Enderley Avenue where they will launch 54 apartments designed by BDA Architecture in the coming months.
There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.
Thompson believes the majority of buyers at Enderley will be local downsizers.
"We want to really elevate the liveability factors of an apartment for a downsizer, and we think, on top of larger sized apartments with good design, we can do that with extensive amenity," Thompon says.
Read more: The Gold Coast's hottest apartment developments set to launch in H2 2024
