Boomers underpin multi-million dollar marina home trend
MELBOURNE: Boomers are underpinning a multi-million dollar trend to live in marina homes.
Ali Mian, real estate agency principal, has started putting on a second hat when he leaves home each day – that of top-shelf developer.
Construction of a debut project in which riverfront marina homes – each is more than $2 million – has started on a river-Broadwater confluence at Paradise Point.
Five of the 10 three-level homes have sold, four of them to people moving from Sovereign Islands nearby.
“I’m like a father with a new baby,” Mr Mian said.
“The difference is that instead of rushing home to see the baby, I’m flying out the door to see what’s happening on the building site.”
The marina homes are being built on a 1669sq m riverfront block next to the Salacia Waters community and bought from that project’s developer, Korean company Lotte.
Mr Mian unveiled his plans 15 months ago and builder Kyron has started work, with completion due before Christmas.
The 43-year-old principal of a Ray White business on the northern Gold Coast said he always had strong notion that some owners of big homes on Sovereign Islands would one day look to downsize.
“I knew that they wouldn’t want to compromise on quality, views or lifestyle and that they’d want something that was low on maintenance and which they could safely lock up and leave when they wanted to travel.
“I have been able to offer them a chance to get just that and on a unique site, one with both river and Broadwater views and where they can moor their boats at their front door.”
Mr Mian, after a year spent on “refinement’’ of his plans, has been building three-level homes from 400 to 560sq m, each with either two or three basement carparks.
Each home will have an Italian lift, three bedrooms and up to four bathrooms, butler’s pantry, wine storage, and a rooftop terrace.
They will overlook a 24-berth marina in which marina-home owners can buy berths from Lotte – one buyer has taken two.
The marina homes that have sold were priced from $2.25 million to $2.6 million and included the two end ones, which each will have a pool.
Mr Mian said two of the buyers were sporting personalities, one of them from New Zealand.
The realtor, who has a commerce degree and has studied hotel management, has been in the real estate business for 16 years and has sold property worth more than $350 million.
He runs four offices and the business ranks among the top five in Queensland.
