When it's completed it will house 55 separate 1, 2 and 3 bedroom villas over its 7.5 acres along with a resort complex, two pools and miniature putting greens. The villas will be available for holiday lettings to Australian and international holiday-makers who flock to the Airlie Beach area year-round.

Stage 1 and Stage 2 of this project have been completely sold out. Stage 3 was released for sale on February 13 2006 and is almost sold out as well.

All three of these stages will be constructed at the same time, creating 30 luxury resort villas plus the central resort building and booking service. Construction is expected to commence in 2007.

Over the last decade Airlie Beach has also become a new El Dorado for Australian real estate investment, similar in many ways to the development of the Gold Coast and Noosa. The cosmopolitan resort town has been undergoing a major transformation ever since 1995 and now attracts around 1,000,000 visitors annually.

Almost $1.2 billion worth of real estate development has been undertaken in Airlie Beach since 1995. This has seen property prices rise substantially in just a few years. And this is a trend that seems unlikely to end in the foreseeable future

Airlie Beach and the Whitsundays have a festive atmosphere year round. During the day, life revolves around the marina, shopping, sailing and diving in the crystal clear waters or driving around the picturesque countryside and rainforests. And at night the restaurants, bars and nightclubs come to life.

A number of factors make this development very attractive to astute property investors:

• There's a strong shortage of high-quality tourist accommodation in Airlie Beach. Average occupancy rates in the area were 80.9% at the end of 2005, and operators of superior resorts similar to Crystalline Shores reported occupancy rates as high as 90% to 93%.
• The development itself is located in an ideal position opposite the new $350 million Port of Airlie. When completed, this port will become the principal gateway to the Whitsundays. This in turn will ensure a constant year-round stream of visitors passing immediately by.  
• The land on which Crystalline Shores is being built is situated on a gently sloping hillside overlooking the Port and only a few minutes walk from shops, restaurants and night-life. This will also help make it a compelling accommodation choice for tourists.
• Property prices in the area have appreciated substantially in recent years, along with room rates. This is part of a longer-term trend that has been well in evidence since 1998, and most especially since 2002.
• Similarly, there's a land shortage in Airlie Beach (the town is bounded by National Parks and agricultural areas) and all the key sites - such as Crystalline Shores - have already been taken.  
• As a result of all these factors, substantial capital gains are relatively assured. We're also confident that the cash-flows investors will receive from letting their villas to holiday makers will be consistent and quite attractive as well.

The full Crystalline Shores resort will consist of 1, 2 and 3-bedroom villas with anticipated room rates of $370 per night (1 bedroom) to $550 per night (3 bedroom). These rates are being achieved by properties of a similar standard in the Airlie Beach area right now.

Investors in this project will be protected by a Management Agreement (included in the contract) to cover day-to-day operation of the resort and average occupancy is expected to be more than 50% in the first year.

Prices as of 26 November 2006 for the last five 2-bedroom and 3-bedroom villas remaining in Stage 3 range from $773,500 to $1,371,670. Based on current building activity and property appreciation rates in the Airlie Beach area, prices for villas in Stages 4 to 6 are expected to be substantially higher.

At present - for off-site buyers - we'll accept a $1,000 inspection fee to fly you from anywhere in the world to view the site prior to an agreement to purchase. Upon signing of the contract, a 10% deposit will be required. This will be held in the trust account of Gayler & Company Solicitors, accruing interest which will be split 50/50 between the buyer and developer upon completion. Settlement will be required 14 days after titles are produced from the Queensland Titles Office.

Contracts will include a furniture pack purchase of $25,750 (plus GST) for a 3 bedroom villa, along with the resort's Management Agreement.

Crystalline Shores is being undertaken by Double Bay Enterprises Pty Ltd, a subsidiary company of Pegsus Finance and Land Pty Ltd.

The web site explains the full development in depth, including floor plans for the last few available villas and a current price list. It also has an extensive, in-depth analysis of the Airlie Beach property market conducted by independent local property valuers, along with photos of the resort site itself.

You can also obtain a very good guide to overall Whitsunday accommodation trends for the year to June 2006 prepared by Tourism Queensland's own research department
by clicking here (420K PDF)

And for your convenience, you can obtain the current Crystalline Shores price list in Adobe PDF format by clicking here.