CLEAR IDEA TO GAUGE INTEREST
Empty-nesters Julia and Michael Vorrasi are selling their waterfront villa in Australia’s fastest-selling unit market of Clear Island Waters.
But even with homes in the suburb being snapped up after an average of just nine days on the market, the Vorrasis are ready to negotiate as the market adjusts from the frenzied growth of the past two years.
“We’ve put the home on the market for expressions of interest, so we’re not even sure what we’re going to get,” Mrs Vorrasi said.
“It depends on the right buyer, but, definitely, we will negotiate.
“We’re not asking for a stupid amount of money. We’re just trying to get what the other units are going for, and it is a sought-after area.
“Most of the units here are selling within weeks.”
The modern fourbedroom, two-bathroom villa at 87/125 Santa Cruz Blvd is marketed via an expressionsof-interest campaign, closing June 16 with Laura Langford,
of Republik Property Partners.
It is located within the exclusive gated community of Rhode Island and has a media room and home office, while the garden courtyard overlooks the water.
Proptrack data shows other Gold Coast suburbs where units sold fastest were Reedy Creek (12 days) and
Burleigh Waters (15 days). For houses, Varsity Lakes and Carrara had the swiftest turnaround, with an average of 15 days, followed by Mudgeeraba (16 days) and Highland Park (17 days).
At the other end of the scale, houses in Bonogin were languishing on the market for an average of 75 days, and 65 days in Lower Beechmont. For units, Paradise Point and Main Beach were the slowest moving suburbs, with an average of 69.5 and 66 days.
Proptrack director of economic research Cameron Kusher said the length of time properties took to sell indicated buyer demand, as well as the volume of homes
for sale in an area.
Mrs Vorrasi said the decision to sell their renovated family home came earlier than expected, with their 21-year-old son deciding to move to Melbourne.
Unit prices in Clear Island Waters have spiked 35.5 per cent over the past 12 months to a median of $772,500.