Gold Coast real estate: Why luxury turnkey properties are all the rage

4 Skiff Street, Southport.
HIGH-END turnkey properties are in hot demand as buyers continue to turn their backs on building amid soaring construction costs, long wait times and a dwindling supply of land.
Experts say the trend won’t slow down anytime soon with buyers choosing move-in ready properties over blocks of land and big-scale renovators.
New build Kooringal Lodge at Tallebudgera just hit the market.
Kooringal Lodge blends black, stone and wood.
“We have many examples where people have bought land and are building and halfway through the construction costs have gone up 15 per cent,” said buyer’s agent Jake Edwards, of Edwards and Mills.
“Buyers, and especially southern buyers just don’t want the stress and are after something they can just move into and not have to touch.”

(function(videojs) {
var videoId = “6311278027112-45”;
var video = videojs(videoId);
var globalId = “iris_6311278027112_45”;
video.pluginDev(videojs.mergeOptions({}, {
start_up_next: false,
end_up_next: false,
global: globalId,
ssl: true,
thumbs_down: false,
thumbs_up: false

(function(videojs) {
var videoId = “6311278027112-45”;
var durationElement = document.createElement(‘div’);
durationElement.className = ‘vjs-overlay-duration’;
var durationFragment = document.createDocumentFragment();

var video = videojs(videoId);
overlays: [{
align: ‘bottom’,
content: durationFragment,
showBackground: false,
start: ‘loadstart’,
end: ‘play’
video.on(‘loadstart’, updateVideoDurationOverlay);
video.ready(function() {
var isOverlayActive = true;
video.on(‘play’, function() {
if (isOverlayActive) {
isOverlayActive = false;
overlays: []

function updateVideoDurationOverlay() {
var myPlayer = this;
if (myPlayer.mediainfo && myPlayer.mediainfo.duration) {
var duration = secondsToMMSS(myPlayer.mediainfo.duration);
durationElement.textContent = duration;
function secondsToMMSS(totalSeconds) {
var minutes = Math.floor((totalSeconds) / 60);
var seconds = totalSeconds – (minutes * 60);
// remove any decimals
seconds = Math.round(seconds);

var result = minutes + “:” + (seconds < 10 ? "0" + seconds : seconds); return result; } })(window.videojs); Master Builders CEO, Paul Bidwell said trade and material shortages as well as cost hikes were impacting all sectors of the industry and while there were pockets of improvement, there was no indication the situation would change until at least late 2023. “We know that some may shy away from building projects and for some, it may be a barrier altogether to affording the cost to build new or undertaking significant renovation work,” he said. Newly built 19 Seriema St Burleigh Waters just sold for $3.1 million. MORE NEWS: Tallebudgera property Kooringal Lodge hits a new level of design Property partners: Savvy ways that buyers can get a top up for their home loan Gold Coast real estate: Burleigh retro house snapped up Marketing agent Joel Madam, of Harcourts Coastal, recently sold a one-of-a-kind new build at Burleigh Waters house to a Gold Coast family for $3.1m million. He said the buyers had planned to build but opted for a completed house. “Build costs are just getting unattainable and a lot of builders have such a long lead time,” he said. “And then if you are building you have to rent and it’s almost becoming unaffordable.” “Buyers are seeing a finished product as having has more value.” 19 Seriema St Burleigh Waters struck a chord with buyers. It was a similar story for Carney Caldwell and her husband Gary who bought their Southport property at 4 Skiff St in February, 2021, with the intention to demolish and rebuild. The pair worked with a builder to create their dream home however a few weeks later, they found themselves with no builder, their deposit gone, no available builders and very limited access to materials. “We aren’t the type to sit around saying ‘oh poor us’,” says Carney. Carney Caldwell and her husband Gary recently renovated 4 Skiff Street, Southport which has just hit the market. Inside the recently renovated 4 Skiff Street, Southport. “Of course, losing that amount of money was a blow, and the fact that we had this property, and no builder was stressful, but we just decided to get on with it. “Once you looked past the cosmetic issues, the building was actually in great condition, and it really did have great bones, so we decided to renovate. “And since we couldn’t access much labour, due to shortages in the building industry, we decided to do a lot of it ourselves. “Gary has a building background and we have renovated before so we weren’t going in blind.” 4 Skiff Street, Southport. The result is a bungalow-retreat style home with five bedrooms and three bathrooms, along with multiple living spaces including an open-plan kitchen, dining and living area. The family recently put the property on the market with Lana Faulkner of Ray White Surfers Paradise. “Walking into this home, you immediately feel like you are in a resort, it has such a relaxing feel to it,” Ms Faulkner said. “The renovation is immaculate, and the home is contemporary and chic, and at the same time warm and inviting. The view from 4 Skiff Street, Southport. “Although there were originally plans for a complete rebuild, this is not a consolation prize. This home is exceptional. “For one lucky buyer, this home will represent not only a fully realised and stunning renovation, but an entry into a very prestigious pocket of the Gold Coast, at an unbeatable price point. “With builders and material still very limited, this really is a rare find.” The post Gold Coast real estate: Why luxury turnkey properties are all the rage appeared first on

Don’t Stop Here

More To Explore