Luxury sales soaring
Top level homes with all the trimmings are back on the radar of serious buyers, writes Kieran Rooney
CHANDELIERS, marble bars and room for a helicopter were just a few of the things that set apart Queensland’s biggest residential sale in 2013.
The Gold Coast home, known as Alston, took the top prize last year as the state’s most expensive home. The property at 5 McMillan Court, Southport sold under the hammer for $9.8 million.
Boasting a helipad, indoor pool and riverfront views, the home was sold at auction after a sixweek campaign to transport tycoon Peter Smith.
The auction drew a crowd of about 250 people on the day and 10 registered bidders, three of them competing above the $8 million mark.
McGrath Estate Agents Surfers Paradise sales agent John Natoli, who sold the home with colleague James Ledgerwood, said the property had captured the imagination of the public.
“There are only about 12 homes in that area and they are all tightly held so buyers recognised an opportunity that only comes around once in a while,” he said.
Mr Natoli said the home had been a popular destination for buyers while it was on the market.
“We had permission to campaign properly, looking for buyers at both a national and international level,” he said.
A Hawthorne home, at 114 Virginia Ave, was the second most expensive home sale in the state and Brisbane’s biggest residential sale for 2013 after selling for $7.48 million in late December.
Place CEO Damian Hackett, whose company marketed the property, said the sale was part of a surge in top end sales at the end of the year.
“That part of the market really picked up in the last quarter of 2013,” he said.“For Virginia Ave we had six offers on the tender and after lots of negotiation we still had three buyers who were all competitive on the price.
“That’s a big change from last year where you would look to get one buyer for a high-end home and that person would just be looking for a bargain.”
Mr Hackett said there were now more buyers looking for multimillion-dollar homes.
“There is competition for these homes again after interest bottomed out in 2011,” he said.
“People are seeing other buyers getting into the market and they are following because they don’t want to miss out.
“Confidence has returned and the outlook is strong”
Notable entries included an unfinished mansion which came in at 10th place on the list. The large property at 26-32 Knightsbridge Pde East, Paradise Point was abandoned halfway through construction but still sold for $5.3 million.
This plush home on the Gold Coast, known as Alston (main picture) was the biggest residential sale in the state last year. Homes at Hawthorne (top right) and Mermaid Beach (above) also came in on the list of the top 10 sellers. Real estate agents say...