A year of big spenders
MINING magnates, media personalities, beer brewers and bookmakers were among a colourful cast of buyers behind the Gold Coast’s biggest residential sales this financial year.
Together, they splashed a total of more than $400m on the 27 most expensive homes that changed hands.
Glitzy oceanfront mansions, canal trophy homes and luxury beachside penthouses caught the eye of these cashed-up buyers, during one of the most extraordinary years in property history.
Every sale that made the list was priced at $10m or more, as the appetite for lifestyle destinations along the southeast coastline pushed home values up to dizzying new highs.
The Coast’s biggest sale of the 2021/22 year was a glamorous three-level riverfront home on the Isle of Capri, Surfers Paradise.
The $26.88m sale went under contract in October 2021, though the off-market deal was negotiated a year earlier.
It was sold by Kool Kids early learning centre founder Bruce Coulson and his wife, Carolyne, to Sydneybased buyer Yao Zhang.
Big-name buyers of other big-ticket sales included businessman Clive Palmer, who dropped $20m on a Sovereign Islands mansion owned by German superyacht builder Klaus Lilischkie.
Former radio host Alan Jones snapped up a $12.25m Southport estate from Brett and Rebecca Frizelle,
founders of the Frizelle Automotive Group and coowners of the Gold Coast Titans NRL club.
The cash splash continued along Mermaid Beach’s Multimillionaires’ Row.
A beachfront home at 213 Hedges Ave formerly owned by Harvey Norman Queensland boss Stephen Cavalier
fetched $21.75m.
It was purchased by Stone & Wood Brewing Company director Ross Jurisich and Light Years Skin Studio founder, Megan Jurisich.
Pub owner, tourism entrepreneur and Computershare co-founder Chris Morris also sold his Hedges Ave mansion for a hefty $21m.
Amir Prestige principal Amir Mian said the Gold Coast’s most exclusive waterfront enclaves of Mermaid Beach, Sovereign Island and Isle of Capri would always be in demand, but somewhat more modest price growth could be expected through the remainder of 2022.