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GOLD COAST > Residential > Eleve

Address: Palm Meadows, Carrara, Gold Coast, QLD 4211
Developer: Hungtat Worldwide
Completion date: late 2016
Type: Apartments
Bedroom: 1bed1bath, 2bed2bath, 3bed2bath
Price range: A$414,900 to A$589,900
Rental Guarantee: 5% for 1 year and 5% for 2 years on selected apartments
Estimated rental yield: 5.8% p.a.

Due to tight land supply, centrally located Palm Meadows remains among the Gold Coast’s most in-demand suburbs. The region is tightly held and dominated by owner-occupiers, making the opportunity to buy into a premium residential project such as Élevé both rare and valuable.
1. Central location
Carrara is situated within the heart of Queensland’s Gold Coast, 10 kilometres from Surfers Paradise and 70 kilometres from the Brisbane CBD.
2. Population growth
By 2036 the Gold Coast’s population is projected to grow by almost 400,000 people to reach a resident population of 905,000 persons. This large increase in the region’s population will inevitably translate into a high level of underlying demand for new dwellings.
3. Strong owner-occupier area
The area is a popular residential address for home owners and renters alike with 67% of homes either owned outright or occupied under a mortgage and the remaining 33% held under rental tenure.
4. High capital growth
Between 2012 and 2014 median apartment values in Carrara grew by a strong 10% underpinned by increasing levels of demand.
5. Strong rental yield
The healthy rental market conditions throughout the suburb are evidenced by the gross rental yield being recorded at the time of this research which is a high 5.8%.
6. Apartment design & aspect
Spacious apartments are designed for modern outdoor / indoor living. Front facing apartments enjoy a north easterly aspect taking in wide views of the city skyline.
7. Convenience to shopping centres
The resident community of Carrara are within close proximity to a wide range of retail centres including the Gold Coast’s largest shopping destinations — Robina Town Centre and Pacific Fair.
8. Apartment demand
The Gold Coast’s residential apartment market is unquestionably strengthening and is recording the highest demand for apartments in 8 years.
9. Infrastructure investment
Construction has begun on the $121 million redevelopment of the Carrara Sports Precinct. The Stadium will be a major focal point for the 2018 Commonwealth Games hosting both the opening and closing ceremonies and the athletics competitions.
10. Quality of life
The Gold Coast is famous for its 57 kilometres of golden beaches. There are three major golf courses within a 7 kilometre radius of Élevé – the Palm Meadows Golf Course, the Emerald Lakes Golf Course and Australia’s first Jack Nicklaus designed Lakelands Golf Club.
-          3 passenger swipe access lifts
-          Air conditioned
-          Central Heating
-          Close to bus stop
-          Close to Light Rail
-          Fire Alarm
-          Golden Surf beaches
-          Jupiters Hotel & Casino
-          Broadbeach dining
-          Robina Town Centre
-          Gold Coast business districts
-          Landscapted outdoor entertainment space
-          Residential swimming pools
-          BBQ facilities
-          1.3 hectare parklands
-          Landscaped podium terrace
-          Residential lobby and reception
-          Swimming Pool


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