Buyer Interest Intensifies For Water Front Community Sanctuary Cove

Six homes with an end value of between $1.3 and $4 million are currently under construction for buyers and are scheduled for completion by early 2015.

Gallery Homes’ Adam and Kym Barclay

saw a unique opportunity when they relocated their home and office to Sanctuary Cove in mid 2012.

Mr Barclay said he struck up a strategic relationship with Mulpha to deliver quality housing product to the $2 billion community.

“What many people don’t realise is that there are more than 400 blocks still to be developed at Sanctuary Cove,” he said.

“To me it was obvious; we were right in the middle of a growing market – we could use our location and knowledge of the community to deliver homes that were uniquely ‘Sanctuary Cove’.

“Living and working here gives us an insight to what residents want.”

Mr Barclay said the homes were being constructed for various local and overseas clients, some of whom were downsizing off larger blocks.

“Buyers are constructing the homes to live in, let out and for use as holiday homes,” he said.

Mulpha Sanctuary Cove general manager of sales John Hughes

said construction of the homes followed a string of waterfront land sales in recent months.

“Land sales have been more active in the past few months than they have for some years,” Mr Hughes said.

“That’s created greater demand for builders and Gallery Homes is well positioned to deliver.”

Sanctuary Cove is a resort-style masterplanned community, featuring two 18-hole championship golf courses, a 300-berth marina, InterContinental Sanctuary Cove Resort and Country Club including full fitness centre, tennis courts and 25 metre swimming pool.

At the heart of the community is the Marine Village – Sanctuary Cove’s very own waterfront commercial, retail and dining precinct, with more than 80 tenancies.

Mulpha’s ongoing investment in the multi award-winning marine and golf community sees Sanctuary Cove maintain its world-class status as one of Australia’s best lifestyle communities.