Please select your home edition
Edition
Fremantle to Bali Race 728x90

Hope Island Marina sells 23 berths in one week

by Sheree De Bono on 9 May 2013
Hope Island Marina sales agent Greg Buck and Consolidated Properties project manager Lachlan Grantley at Hope Island Marina Sheree De Bono
Australia's first group buying campaign for marina berths has yielded an unprecedented result, anchoring 23 sales in the first week, with buyers pre-registering to secure massive discounts on the final tranche of freehold berths at Hope Island Marina.

The 'Moor for Less' group buying campaign commenced pre-registrations on May 1 and originally offered berths from $8,000 per lineal metre (plm) - with the figure dropping for every five commitments to purchase. The current sale price for Hope Island Marina berths is now at $5500 plm, but could drop as low as $5,000/ plm - representing a saving of up to $54,000.

Online registrations will continue over the coming weeks, with the deal due to be officially activated over the Sanctuary Cove Boat Show weekend (May 23 - 26).

Consolidated Properties, which owns and manages Hope Island Marina, is using the campaign to clear the decks of all of its remaining berths, which are all freehold and include 14, 16 and 18 metre options.

Consolidated Properties project partner Lachlan Grantley said he was overwhelmed by the response to the campaign to date, and he expected that additional registrations ahead of the Sanctuary Cove Boat Show could see prices pushed even closer to the maximum 60 per cent saving on offer.

'This campaign has helped to activate a lot of buyers who were on the sidelines and thinking about buying, but had not yet made a decision to purchase. These people are acting now because they can see the quality of the marina and the value on offer, and recognise that the power to determine the final prices for these berths is ultimately in their hands,' he said.

'To this end, a lot of purchasers are encouraging their friends and family to come on board to help push prices down quickly - with the price reducing by at least $500/plm for every five purchasers who sign up to the deal.

'We think it's quite an innovative way for us to shift our final 60 berths in one line, and it's a campaign that really works in the buyers' favour. In the 18 months that we have been selling berths at Hope Island Marina, we have not released any below the $7,900/plm mark, which is close to our starting point of $8,000.

'The feedback we are getting is that people are not just looking at the price point for these berths - they are looking at the long-term value associated with securing a freehold commercial asset. Hope Island Marina is one of the only marinas in South-East Queensland where you can own your berth outright, and that's a huge plus considering the shortage of wet berths in the region and right throughout the state.'

Recent research by Place Property shows that Queensland boat registrations have increased by 25,000 vessels from 2008 to the year ending December 2012, with a current total of 245,039 recreational vessels across the state. The Gold Coast still boasts the lion's share, with almost 27,000 registered vessels.

Despite this demand, there are currently only 7,000 wet berths across the state to house the 12,463 boats which measured more than eight metres and therefore were considered too big to trailer.

For more information, please contact Bruce Goddard on 0418 185 209 or visit www.moorforless.com.au

Buyers will be required to place a refundable $2,000 deposit on the day the deal is activated, with the campaign due to run through until June 16 or until sold out. Settlements expected to occur between July and August this year once the final buying price has been confirmed, based on the final number of purchasers.
Henri Lloyd 50 YearsEnsign 660Barz Optics - Melanin Lenses

Related Articles

Navathome Australia brings RYA Theory to your door
The RYA Cruising Syllabus has been built up over years of best practice development in Sail and Power Boat skippering. The Royal Yachting Association Cruising Syllabus has been built up over years of best practice development in Sail and Power Boat skippering. Split into a theory and practical syllabus the training modules take you in steps from a Start Yachting orientation through to Yachtmaster for either power or sail.
Posted on 5 Jul
Wild weather hazardous for coastal boating this weekend
Boaters have been urged to exercise extreme caution as wild weather lashes the NSW coastline this weekend. Boaters have been urged to exercise extreme caution as wild weather lashes the NSW coastline this weekend.
Posted on 3 Jun
Dangerous surf conditions for NSW Coast starting Saturday
Roads and Maritime Services has issued an alert to boaters after a BoM warning about dangerous surf conditions Roads and Maritime Services has issued an alert to boaters after a Bureau of Meteorology (BoM) warning about dangerous surf conditions from Seal Rocks to Coolangatta from Saturday.
Posted on 2 Jun
Dangerous surf conditions to extend across entire NSW coast tomorrow
Sections of the coast with a southerly exposure are expected to be the most affected by these conditions. Sections of the coast with a southerly exposure are expected to be the most affected by these conditions which are expected to continue until Wednesday.
Posted on 23 May
Changed boating conditions on Hawkesbury River at Windsor
Boaters are reminded to keep clear of a section of the Hawkesbury River at Windsor this weekend Boaters are reminded to keep clear of a section of the Hawkesbury River at Windsor this weekend for the safe staging of the 2016 Australia versus USA B.A.D Power Boat Challenge.
Posted on 12 Jan
Eco-warriors Sea-Bin crowd sharing critical stage with nine days to go
The automated marina cleaning SeaBin project has raised 86% of their target with 9 days left. The automated marina cleaning SeaBin project has raised $198,020 of $230,000.00 with nine days left on their Indiegogo crowdfunding platform, but they need more help now.
Posted on 29 Dec 2015
Pay attention, YOU can make a difference to the marine environment!!
THIS is a life exam subject and when you reach the Pearly Gates, your results today will count towards your destination OK, Sit up and pay attention, THIS is a life exam subject and when you reach the Pearly Gates, your results today will count towards your final destination
Posted on 16 Nov 2015
Equipment suppliers enjoy strong sales at Auckland On Water Boat Show
Specialist marine suppliers say they’ve enjoyed steady sales and strong inquiries Specialist marine suppliers of navigation and electronics, anchors, outboards and more say they’ve enjoyed steady sales and strong inquiries at this year’s Auckland On Water Boat Show.
Posted on 26 Sep 2015
Scheduled server maintenance - 23 September GMT+2 11pm onwards
Scheduled server maintenance - 23rd September GMT + 2 11pm onwards Scheduled server maintenance - sites will be unavailable for some hours between 11pm and 7am GMT + 2
Posted on 23 Aug 2015
Changed boating conditions on Pipers Creek at Forster this weekend
Boaters are reminded to keep clear of a section of Pipers Creek at Forster Keys this weekend Boaters are reminded to keep clear of a section of Pipers Creek at Forster Keys this weekend for the safe staging of powerboat exhibitions.
Posted on 30 Jun 2015