Buyers rush to Coast
Many house hunters are ditching their home states for a spot on the Gold Coast
CASHED up interstate buyers are splashing out on extravagant Gold Coast homes, injecting millions into the local property market.
A waterfront mansion on the Isle of Capri is one of the latest to be snapped up by a house hunter hailing from across the border.
The $3.9 million sale of the home at 19 Naples Ave went unconditional last week.
Marketing agents Sam Guo and Julia Kuo said the Melbourne-based Chinese buyer couldn’t go past its water and skyline views.
“They liked the position ... with a nice view,” Mr Guo said.
He said the five-bedroom, five-bathroom home’s central location and proximity to shops was also a major selling point.
The property had been listed under various agents since it hit the market in September last year.
“We had it for just over two months,” Mr Guo said.
In the Hinterland, a Sydney couple bought a Tallebudgera Valley property for $2.45 million last week.
LJ Hooker Mudgeeraba agent John Fischer said they already had a property at Palm Beach but were looking for a more private retreat in the mountains. “They’ve decided to buy it as a weekender,” he said.
The four-bedroom home with selfcontained cottage had also been on the market for some time under various agents.
Another Isle of Capri property on Amalfi Drive sold to a family who initially hailed from interstate but were living in Vietnam.
Marketing agent Eddie Wardale, of Kollosche Prestige Agents, said they planned to move to the Gold Coast for their children’s schooling.
The $2.15 million purchase was cemented earlier this month following a 60-day settlement period.
19 Naples Ave, Isle of Capri (top), 756 Trees Rd, Tallebudgera Valley (left), 103 Amalfi Drive, Isle of Capri (right)