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Hope springs eternal

HOPE Island is becoming the Gold Coast’s development sales hotspot with local projects across the prestigious golf and marine-based community chalking up close to $50 million in sales this year.

Major developers reaping the benefits of Hope Island’s resurgent popularity include leading Gold Coast company Sunland, which has sold out its 40-townhome The Quays project for a total of more than $18 million.

Nearby, Australand’s Cova community has notched up 137 sales in 12 months, the best annual sales rate for the project since its launch. The community has secured 35 contracts worth $14.1 million in 2015 so far.

Greg Shipton, of McGrath Projects, said Hope Island was experiencing a boom.

“Hope Island is certainly back on the radar of developers and buyers and that is reflected in the uptake in sales,” Mr Shipton said.

Buoyed by strong sales activity across the resort community, developer Richope is preparing to launch its $100 million Anchorage waterfront apartment complex.

The project is already drawing strong interest ahead of its launch.