Luxury apartments on Northern NSW Coast
Having entered the market a mere four weeks, $75million boutique apartment building PAMA Casuarina has sold 65% already, reaching $45million in sales already.
Casaurina Beach is 40mins north of Byron Bay in Northern NSW and has high appeal for buyers due to the location and the idyllic design & quality build of the development, with 47 two, three and four bedroom residences across four storeys within a tropical landscaped grounds and resort-style amenities.
TOTAL Property Group Managing Director Adrian Parsons said a wide variety of buyers were taking up the opportunity to own an apartment due to the growing popularity of Casuarina Beach and the limited supply of quality owner-occupier apartments available between Byron Bay and Kingscliff.
He said local purchasers were the first to secure their new apartments with 9 selling to buyers living within 10 kilometres of the development site.
“Local buyers were the first to purchase as they are fully aware there is a limited opportunity to own a luxury apartment in Northern NSW, with most planning to downsize from their larger houses to a low maintenance lifestyle and exclusive access to resort-style amenities at this popular beachside location.
“A significant proportion of buyers are from the Gold Coast and Brisbane, and apartments have also been selling to southern buyers with a four-bedder snapped up by a Sydney family for a holiday home, with buyers planning to either relocate and live permanently at PAMA or use their apartment for a holiday home or investment property.
“Rising demand for property in Northern NSW and the limited stock available has presented a unique investment opportunity to the market and buyers have acted quickly to avoid missing out.”
The building’s common areas and its landscaped grounds will be powered by accredited sources under the Federal Government’s National GreenPower Initiative, meaning that all energy requirements will come from 100% renewable …