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A strict focus on local buyers looking for affordable units has paid off for George Mastrocostas, who has sold out his $55 million Three72 Marine project, more than five months ahead of completion.

Mr Mastrocostas’ Aniko Group is building the 14-level tower at 372-374 Marine Pde, Labrador, with construction on track to finish by May next year.

“We have targeted the local market. Ninety-five per cent of our buyers are Australian residents. Of that, almost a third comes from southeast Queensland and the balance is from NSW and Victoria. Just five per cent are offshore buyers.” –George Mastrocostas

The full article is available on Gold Coast Bulletin

Originally published by Gold Coast Bulletin
Article by Alister Thomson, November 20, 2018