Port Dou­glas’ for­tunes are climb­ing the hill

Port Douglas & Mossman Gazette - - BUSINESS - Shane Ni­chols

STRONG sales in the top of the Port Dou­glas hous­ing mar­ket in the past six months re­flect the re­newed ap­pre­ci­a­tion of the area’s at­trac­tive­ness as well as more re­al­is­tic price set­ting by ven­dors, says pres­tige property agent Bar­bara Wolveridge.

“If you look at property val­ues in Port Dou­glas and sur­rounds com­pared with Syd­ney and Mel­bourne we are still very cheap for our high end lux­ury houses.

The days of the un­re­al­is­tic ven­dor are a thing of the past. Our buy­ers are com­ing from Syd­ney, Mel­bourne and Bris­bane be­cause the prices are right and the homes are beau­ti­ful and you can see the value.

“There’s only way it can go, and that’s up,” Ms Wolveridge said.

Its an ex­cit­ing pe­riod to be a high-end property agent, Ms Wolveridge who has 7 Wharf St in her list­ings, rock pub­li­cist Patti Mostyn’s near-new Glasshouse three-storey home on Flagstaff Hill, along with Ea­gles Nest at Rocky Point, and com­ing soon, the sleek Dune at the Sher­a­ton Mi­rage es­tate.

Like sev­eral of the high end homes cur­rently for sale, 7 Wharf St is a handy earner in times when the own­ers are ab­sent.

The rental price for 7 Wharf Street is around $1800 a night. Re­becca Whyte from Bou­tique Col­lec­tion who leases the property says if the own­ers didn’t use it so much she could rent it out a lot more. It is a very sought af­ter property. Sev­eral wed­dings have been staged there as well. Re­becca says the “high end” rental prop­er­ties are a buoy­ant mar­ket.

It is the much loved property of Mel­bourne real es­tate fig­ure Michael Yates and wife Lou who bought the Caribbean-styled, three pavil­ion marvel about seven years ago.

Near­ing re­tire­ment now, Mr Yates is look­ing to re­lo­cate to a small acreage property in the Rive­rina.

The Port Dou­glas house is one of the most pic­turesque in the re­gion, and boasts pri­vate wa­ter­frontage and 180-de­bree views of the Co­ral Sea.

The lux­ury home was in­spired by the plan­ta­tion-style Bri­tish West Indies ar­chi­tec­ture and was de­signed by ar­chi­tect Alex Gen­cur.

It has five bed­rooms, four bath­rooms, and el­e­gant fin­ishes.

“The property is cer­tainly spec­tac­u­lar and we have mainly done cos­metic al­ter­ations – paint­ing, fur­nish­ings et cetera,” Mr Yates said.

“We have re­cently added a fifth bed­room with an en­suite bath­room and robes which has cer­tainly en­hanced the liv­abil­ity of the home.”

The so­phis­ti­cated Dune also makes a good liv­ing in the hol­i­day mar­ket. A ac­cord­ing to agent Bar­bara Wolveridge this spa­cious and su­per stylish property al­ready has many book­ings for this sea­son’ The five bed­room three lounge/ ca­sual ar­eas com­bined with the gen­er­ous un­der­cover out­door BBQ area can eas­ily host two fam­i­lies. It rents for around $3500 a night.

“There is a clien­tele of high net worth in­di­vid­u­als who look at places like Port Dou­glas and want to stay in a home like this,” Ms Wolveridge said. “There are peo­ple in the mar­ket­place around the world who are pre­pared to come to Port Dou­glas and pay that sort of money.

“It shows we are again the type of des­ti­na­tion high net worth in­di­vid­u­als want to make their hol­i­day play­ground. And these are the type of houses they are look­ing for.

“But if some­body just wanted to buy it and live in it, it would make a great home.

Dune is on two blocks with ab­so­lute beach frontage – the last of its type in Port Dou­glas. Owned by Mel­bourne property high flyer Sean Cus­sell, Dune’s ask­ing price is ex­pected to be more than $5 mil­lion.

Ms Wolveridge in­tends to hold open inspections this Easter – Ap­point­ment times are avail­able on Satur­day, April 17, be­tween 10am – 2pm, and Mon­day April 19 from 10am-2pm. In­ter­ested par­ties should phone Bar­bara Wolveridge for an ap­point­ment to view the property. 0418 760 004).

Num­ber 7 Wharf St is up for auc­tion on site at 10am on site on May 6.

7 Wharf St, Port Dou­glas: auc­tion on­site on May 6

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