50/38 Enderley Ave, Surfers Paradise — a one-bedroom apartment — has a $219,000 price tag. Picture: realestate.com.auRising property prices were also bringing one-bedroom apartments back into focus for owner-occupiers and investors.“These days, properties are much more expensive and often people can’t afford the luxury of a second bedroom, or investors don’t want to tie up their capital in a two-bedder.“The one-bedroom apartment is a realistic way for young couples or young buyers to get a foothold in the property market, especially if they are willing to settle for less room in theearly years.“And a small mortgage gives them the opportunity to build equity in their home, allowing them to move on to something bigger a few years down the track.” A one-bedroom apartment at 3262 Surfers Paradise Blvd, Surfers Paradise is on the market at $279,000. Picture: realestate.com.au.Mr Bell said one-bedroom apartments could be snapped up in the heart of Surfers Paradise for the price of a parking garage in Sydney.“You can still buy a one-bedroom apartment on the Gold Coast for less than $200,000,” Mr Bell said.“Quite often these are in older buildings, but they represent an entry-point to the market for some buyers and a lifestyle solution for others.” What a view! A one-bedroom apartment at 3262 Surfers Paradise Blvd, Surfers Paradise is on the market at $279,000. Picture: realestate.com.au.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoMr Bell said changing demographics were driving the trend.“The 2016 Census found that almost one in four Australians now live in single-person households,” he said.“More people are choosing not to get married or to remain childless, while others might choose to live alone after a breakup.“There are also the empty-nesters who are looking to downsize to a low-maintenance yet well-located lifestyle that also allows them to free up equity in the family home.” This one-bedroom apartment at 3197 Surfers Paradise Blvd, Surfers Paradise is on the market at $159,000. Picture: realestate.com.auONE-bedroom apartments are back in vogue thanks to demographic shifts and rising property prices, according to Ray White Surfers Paradise Group CEO Andrew Bell.Mr Bell said the growth of one-person households, the upsurge in downsizing and the search for housing affordability were all factors in the resurgence of one-bedders.And these “property pocket rockets” can also be the ticket to achieving the real estate holy grail of location, location, location. 50/38 Enderley Ave, Surfers Paradise has a $219,000 price tag. Picture: realestate.com.au
Fara Holdco, owners of Bibby Offshore, CECON Contracting and Rever Offshore, has appointed Mark Bessell as chief executive.Bessell joins the executive team at Fara Holdco following four years as COO with Songa Offshore in Norway.Previously, Mark held positions with Ocean Rig as senior vice president, and as managing director of Transocean’s Mediterranean division.As part of the new role Mark will also become Chair of the Bibby Offshore and CECON Contracting boards and work closely with Jo Braadlie, managing director of CECON and both management teams, to grow the market position of the combined business.