IT’S hard to believe they’re the same price — but million-dollar Gold Coast homes are not created equal — with a few kilometres difference all it takes to make a vast difference in the size and luxury of available homes.
After the number of million-dollar suburbs doubled in the past 12 months the $1 million price tag has become the new average for many central suburbs — but venturing outside the traditionally-popular suburbs could pay off.
If you’ve got $1.3 million to spend, you could nab a luxury waterfront mini-mansion in Helensvale — complete with five bedrooms, three bathrooms and your own pontoon.
In busier Surfers Paradise, the same price range will fetch you a modest one-bedroom unit — although it does overlook the Pacific Ocean, so could be worth the spatial sacrifice.
An ageing, one-bathroom surf pad in Burleigh on a narrow, sloping block will cost you about the same, but heading a few clicks south — in geography and budget — $985,000 will buy you a sprawling resort-like acreaae in the Currumbin Valley — along with its quarter-acre block, massive swimming pool, gym and sleepy kangaroos.
Property insiders say venturing north, south or west of Surfers Paradise and Broadbeach is the key to getting more bang for your buck.
Harcourts Coastal agent Sally O’Neill said the northern corridor offered tremendous value compared with pricier central suburbs.
“The northern end offers an outstanding laid back lifestyle with many waterfront properties selling in the region of $1 million dollars for a great modern home with a pontoon and secure water access,” she said.
“The area is complimented by many shopping centres, eateries and marinas, Helensvale state High school is highly regarded as a public school, there are also many options of private schooling also available here.”
According to recent figures from PRD Nationwide there are roughly 240 properties priced between $950,000 and $1.2 million in central parts of the Coast compared to 577 properties priced between $1.2 and $10 million.
Research director Louise Moeller said areas around Southport offered particularly good value, as did some older parts of the southern Coast.
“What is happening now is between Palm Beach and Mermaid Beach there is redevelopment and rezoning,” she said.
“We are seeing duplexes and low-rises being built around the lifestyle of cafes and beach and there are a lot of people buying older places and spending a lot of money on renovating.
“Attention is shifting to the family suburbs in the northern end, there is some really decent property there.”
On the market
Currumbin Valley — 1 Lakeview Place Currumbin Valley $985,000
Palm Beach — 48 Twenty Fifth Avenue Palm Beach Offers over $1 million
Burleigh Heads — 85 George Street Burleigh Heads, $1,280,000
Robina — 1 Heidelberg Circuit Robina $999,000
Mudgeeraba — 6 Bagan Court Mudgeeraba $959,000
Broadbeach — The Oracle apartment $985,000 — $1,025,000
Surfers Paradise — 12a Oak Avenue Surfers Paradise $1,300,000
Paradise Point — Pam Fisher 10 Namatjira Street Paradise Point $999,000
Helensvale — 20 Parkview Place Helensvale $1,295,000
Arundel — 24 Jarvis Place Arundel offers over a million, Neil Cameron — Ray White, Arundel
Highland Park — 30 Tara Vista Boulevard Highland Park $1,050,000
15-19 Lucas Rd Tamborine, Offers over $1.125 million
Original article published at www.goldcoastbulletin.com.au by Hannah Sbeghen and Aleisha Pidgeon 02/9/16
Gold Coast mega mansion sells for millions in cash in just two days
TWO mega-mansions on the Gold Coast fetched the biggest prices in Queensland in the past week, according to CoreLogic.
TWO mega mansions on the Gold Coast fetched the biggest dollars in Queensland in the past week, according to property analytics company CoreLogic.
An architecturally designed home on Main River in Broadbeach Waters sold for $2.95 million in just two days to an expat living visiting from Hong Kong.
Features include a large boat pontoon, freshwater pool, Bali hut, outdoor shower and riverside deck with skyline views.
Scott Dytor of Dytor & Yates said the buyer was on the Gold Coast for the Magic Millions Raceday pre-sales and saw the property listed for sale in the window of the agency.
A five-bedroom, six-bathroom home on 2000 sqm at Sanctuary Cove was the second biggest sale of the week, according to CoreLogic.
The house has been home to a number of star tenants, including Brad Pitt, Angelina Jolie, Pink, Harry Styles, Dave Grohl, Paris Hilton and Johnny Depp.
Multi-million dollar sale price for Palm Beach waterfront mansion
A “DREAM home” on a prime waterfront block in the southeast has been snapped up for a multimillion-dollar figure prior to going to auction.
The waterfront property at Palm Beach sold within two weeks of hitting the market, and ahead of its scheduled auction on December 2.
The residence was on the cover of the Gold Coast Bulletin’s Realestate on November 18.
The five-bedroom, four-bathroom home at Barracuda Court, was built by vendors Ian and Jill Campbell.
Katrina Walsh of Harcourts Coastal marketed the property.
“The purchaser wanted to snap up the property prior to it going to auction,” Ms Walsh said.
“They recognised the beautiful property and put in an offer to make sure they owned it.”
She declined to disclose the purchase price.
Property records show the couple bought the 1085 sq m block in 2008 for $1.25 million.
The Campbells told the Bulletin it was their “dream block” after waiting 28 years for something like it to become available on the point.
The couple demolished the original house, a big old structure, and rebuilt the contemporary mansion in its place, with one major element in mind — to have water views from every room.
There is a choice of two master bedrooms, both looking out over the canal. One occupies a waterfront wing on the ground floor, while the other is mirrored on the upper level.
The residence features a pool with a water curtain and reflection ponds inside.
The home also includes an executive office, open retreat with waterfront balcony, media lounge room and a spacious family room.
The residence was Queensland’s most popular listing last week, with the highest number of views on realestate.com.au.
Originally Published: www.realestate.com.au
Gold Coast mansion to sell for $7 million profit in two years
A Gold Coast business identity stands to make close to $7 million profit on his house in only two years.
Records show business identity Jonathan Grasso, co-founder and managing partner of property consulting group Belvue International, purchased 131-135 Monaco St, Broadbeach Waters, with his wife, Roberta, in 2015 for $3.14 million.
Only two years later, it’s back on the market with a list price of $9.95 million — representing a tidy $6.81 million profit.
If the Grassos’ mansion sells for the list price, it would mean it has risen by a whopping 217 per cent of its original value, a staggering result given the time frame.
For $9.95 million, the Grassos’ home offers exceptional luxury. Set on a prime 2303 square metre block with 24 metres of north-to main river frontage, this tri-level architecturally designed residence spans 130 squares and includes self-contained nanny quarters, wine and piano lounge, riverfront cabana, 25-metre heated lap pool, 12-metre pontoon with power, five bedrooms, seven bathrooms and a 10-car basement garage with cinema.
“These owners were lucky; they bought this property a couple of years ago when the market was much flatter and now they’re selling at a time where there’s been a flurry of activity in this street, with a number of properties transacting in recent months,” he says.
“It’s usually very hard to get in there (Monaco Street). The properties there are very tightly held.”
Monaco Street, an exclusive stretch of Broadbeach fronting the Nerang River, has long been famous for its multimillion-dollar mega-mansions and high profile owners — and a string of recent jaw-dropping transactions has only reinforced its position as one of the Gold Coast’s most exclusive addresses.
Recent sales in the street include 255 Monaco Street, Broadbeach Waters, which Mr Kollosche sold in an off market deal for $11 million.
201-205 Monaco Street, which sold for $9.5 million in only 21 days, was purchased by a Taiwanese billionaire who bought it as a holiday house for his son.
75-77 Monaco Street, also brokered by Mr Kollosche, sold last month for $9 million.
Prestige property on the Gold Coast continues to go from strength to strength. Figures from the Domain Group’s rental and house price report show houses on the Gold Coast grew by 7.3 per cent overall last year — the best result of all major Queensland regional markets.
More than half of the top 20 property sales in Queensland were made on the Gold Coast last year; the top five alone, all located at Surfers Paradise and Mermaid Beach, totalled $76.2 million.
Originally Published: https://www.domain.com.au
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