Lux­ury sales soar­ing

Top level homes with all the trim­mings are back on the radar of se­ri­ous buy­ers, writes Kieran Rooney

The Courier-Mail - Property - - REALESTATE - QUEENS­LAND’S TOP 10 SALES IN 2013:

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...

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.