Downsizers leading the charge for dual living Gold Coast property

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32 Cronulla Avenue, Mermaid Beach

Media release

Gold Coast, Queensland (21 May 2018) Local downsizers are leading the charge for dual living properties on the Gold Coast according to leading real estate group, Raine & Horne.

“While investor numbers at open homes on the Gold Coast have stabilised, it seems local, cashed-up empty-nesters aged above 50 are in the market for properties for dual income homes,” said David Bennett, Business Development Manager & Chief Auctioneer, Raine & Horne Group.

“Highly sought-after dual income, strata title properties will normally be located close to a beach or waterway, have wide street frontages that potentially provide extra access and aesthetic curbside appeal, and they will be well-serviced by public transport.”

To illustrate, Raine & Horne Mermaid Beach is marketing a dual-income dwelling at 32 Cronulla Avenue, Mermaid Beach which has a price guide of $1.2 million.

“This property provides a downsizer with a generous home to live in plus a weekly income of around $400 a week from the second townhouse, which will help augment existing income streams,” Mr Bennett noted.

Selling agent, Shane Collins, Sales Agent Raine & Horne Mermaid Beach agrees the property has plenty of merits for a downsizer seeking to augment existing income streams.

“Dual living properties with strata title are also attracting self-managed super funds, some overseas investors, as well as families, looking for a holiday home," he said.

“This property has a very rare 20-metre street frontage that gives it better development potential and the possibility of creating two separate driveways to service the two properties. 

“It’s also close to the large Pacific Fair shopping centre, popular Broad Beach, while students can take the short light rail trip to Griffith University.

For all your real estate sales and property management needs in Mermaid Beach and surrounding suburbs, please contact Raine & Horne Mermaid Beach on 07 5554 6777.

ENDS

For further media information contact:

Shane Collins, Sales Agent, Raine & Horne Mermaid Beach on 0411 344 432

David Bennett, Business Development Manager & Chief Auctioneer, Raine & Horne Group 0498 003 956