MVGS secure sell-out of The Tally, Palm Beach apartments
The Gold Coast apartment market is continuing its bull run of sell-outs.
The latest comes from Palm Beach, where The Tally, the 45-apartment development on Twenty-Eighth Avenue, sold out in under three months.
The marketing began in mid-July, where half of the apartments were accounted for in less than two weeks through KM Sales and Marketing agents Todd Matheson and Chez Fraser.
Matheson says around 70 per cent of apartments went to locals.
"It was a huge success, with big pricing per square metre bettering anything else that side of the Gold Coast Highway", Matheson added.
The Tally, to the western side of the Gold Coast Highway but still just a stone's throw from the beach, was the work of Scott Dolso's MVGS Property Group.
They had BDA Architecture design the nine-level building, which in their design statement said was inspired by the natural landforms of Burleigh Headland and Tallebudgera Creek, the fluid movements of waves, and the subtle curves of the creek.
"The architectural form and colour tones pay homage to the local context and history," the statement read.
A raft of first home buyers hit the enquiry submission early in the marketing campaign, with the one-bedroom apartments priced from $450,000, which included a car space Unsurprisingly, they were the first to be snapped up.
MVGS recently developed Canopy, a similar development of 49 apartments also designed by BDA, nearby at 3-7 Twenty Fourth Avenue.
A number of the buyers in The Tally came from Canopy.
