Casuarina properties sell fast

ALMOST $1 million of property has been sold per day at Casuarina Beach during a liquidation sale.

Resort living: Seven Santai apartments at Casuarina Beach were secured last weekend, adding to the record sale. . Picture: Supplied

ALMOST $1 million of property has been sold per day at Casuarina Beach during a liquidation sale.

Just under $9 million of property in the Beach Shacks and Santai apartments were sold in 10 days by Colliers International, including $5 million in the first weekend.

Colliers project marketing director Brinton Keath said the sale is undoubtedly one of the most successful campaigns the region has seen in recent years.

“I can’t think of a project in the immediate region that has attracted so much interest and generated so many sales within a 10-day period for at least five years,” Mr Keath said.

“We had another 200 inspections last weekend with buyers flocking from Brisbane, the Gold Coast and Sydney to inspect.”

The apartments and freestanding beach houses are located within projects developed by failed leisure developer Resort Corp and were acquired by Casuarina Corporation, associated with funds manager Moss Capital, in late 2010.

In a bid to clear out the excess stock, Colliers International have priced the premium beachside apartments in stage one from just $179,000.

“Due to the massive influx of buyers, the owner has given us the go-ahead to release the next stage which will consist of an additional three Beach Shacks and 22 Santai apartments,” Keath said.

Originally published as Casuarina properties sell fast