Sales on the way up

The highest recorded sales on the Gold Coast last week were in the city’s heart

A LUXURY three-storey beach house has claimed the top spot on the Gold Coast’s most recent list of highest recorded sales.

The Surfers Paradise property at 13 Thornton St set the bar last week after it was snapped up for $1.79 million.

Chris Couper and Associates principal Darrin Couper, who handled the sale, said local buyers were the successful bidders.

“They liked it because it’s quite a big house,” he said.

“In that part of town, it’s the only house like it.

“Most of them are older homes or the original properties are still on (the block).”

He said the four-bedroom house, which had long-term tenants living there until recently, attracted plenty of prospective buyers because it was modern and about 100m from the beach.

“It had a lot of interest and (there were) a number of offers on the property before those people snatched it up,” he said.

A Surfers Paradise apartment on Cypress Ave also made the top sales list, coming in close second after selling for $1.705 million.

While latest CoreLogic data shows the market is starting to slow in Surfers Paradise, Mr Couper said on the ground, it was performing well. “People are still pretty positive,” he said. “There’s a lot of apartments to choose from at the moment, it’s still been pretty good though.

“I think after the Commonwealth Games it was a little slow but now it’s starting to ramp back up.”

The CoreLogic figures recorded up until May show the median house price in the suburb has dropped 1.1 per cent in the past year to $1.325 million while the median apartment price has dropped 2.6 per cent to $375,000.

The house at 13 Thornton St, Surfers Paradise was the highest recorded sale last week.