Weekend Gold Coast Bulletin - Property
Strong start to the year
The Gold Coast has kicked the year off right with multiple milliondollar sales in the first month
THE new year is off to a shining start for the Glitter Strip with a number of multimilliondollar sales setting the tone for the year ahead.
The $7.5 million sale of a Broadbeach Waters mega-mansion has set the bar for 2019.
Ray White Prestige agent Matt Gates, who marketed the luxury Monaco St property with Sherry Smith, said it attracted a lot of interest before a Gold Coast couple snapped it up.
“(While) we had substantial interstate inquiry on the property, our local buyers truly appreciated the significance of Monaco St,” he said.
“The central location and benefits of the wide Nerang River frontage saw this young family outbid all other potential buyers.”
While it is the highest sale so far this year, there have been a number of other notable sales. A beach cottage on Millionaire’s Row, which was listed for the first time in 60 years, fetched $4.9 million after 18 days on the market. The family that owned the Mermaid Beach house on Hedges Ave paid a few thousand pounds for it in the late 1950s.
At Surfers Paradise, the sub-penthouse in the Soul tower was snapped up by a Queensland buyer for $3.6 million.
It belonged to the chairman of the Chinese group behind planned Surfers Paradise super-tower Spirit, Xin Wang.
Further south, a Tugun property sold under the hammer for $2 million.
A crowd of about 30 people gathered to watch the bidding unfold. Ray White Mermaid Beach agent Troy Dowker said there were four registered bidders.
“Bidding started at $1.6 million and after 24 strong bids between two eager bidders, (the) beachside Tugun family home sold under the hammer,” he said.