Price bar set higher

A new street record is set fol­low­ing the mul­ti­mil­lion-dol­lar sale of a Car­rara prop­erty

Weekend Gold Coast Bulletin - Property - - NEWS - WORDS:JES­SICA BROWN

THE mul­ti­mil­lion-dol­lar sale of a pala­tial Car­rara prop­erty has set a new price record for its wa­ter­front street.

The sprawl­ing res­i­dence at 2 Witt Ave fetched $3 mil­lion, which is dou­ble the pre­vi­ous record set by the sale of No. 6 in 2005.

Mar­ket­ing agent Grant Stephens, of Har­courts Coastal Broad­beach, said it went un­der con­tract ear­lier this year and set­tled last month.

The seven bed­room, nine bath­room prop­erty was on the mar­ket for about eight months be­fore Mr Stephens took over the mar­ket­ing. He found the new owner five months later. “They are busi­ness own­ers down in Mel­bourne,” Mr Stephens said.

“It’s ba­si­cally go­ing to be a hol­i­day home for them.”

He said the new own­ers liked the pri­vacy of the pres­tige home, which sits on a 3063sq m block and has a ten­nis court and pool in a screened atrium.

De­spite be­ing on the mar­ket for more than a year, Mr Stephens said it at­tracted a lot of in­ter­est from house hun­ters.

“We ac­tu­ally had sev­eral of­fers on it,” he said.

He said the mar­ket in Car­rara was per­form­ing well, with de­mand and prop­erty prices con­tin­u­ing to climb.

“It’s been an emerg­ing area for a few years,” he said.

“It’s a very highly sought af­ter area there, (be­cause) it’s close to ev­ery­thing.”

Ac­cord­ing to lat­est CoreLogic data, the me­dian sale price for a house in Car­rara has jumped more than 40 per cent in the past five years to $590,000.

Fig­ures show res­i­dents hold onto their houses for an av­er­age of 11 years while the me­dian days on mar­ket is 25.

2 Witt Ave, Car­rara has changed hands for $3 mil­lion.

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