Sun seekers find a waterfront dream
A MELBOURNE family will farewell life in the southern capital to lap up a life of luxury in a jaw-dropping waterfront mansion on the Gold Coast.
They snapped up the palatial Sovereign Islands home at 12 Knightsbridge Pde West for more than $4 million following an extensive search for a new home on the Coast.
Amir Mian Prestige Property Agents principal Amir Mian said the family fell in love with the residence.
“It’s just such a beautiful home, they loved it,” he said.
“They were looking all around the Gold Coast.”
The impressive five-storey house is on a 760sq m block with 23.2m of water frontage.
It has five bedrooms, six bathrooms, a double-sided fish tank, tiered media room, infinity pool and entertainment wing with rooftop area.
One of its most impressive features is a temperature controlled wine cellar that can hold 1300 bottles.
The house was listed with its neighbouring vacant block.
But Mr Mian said the buyers only wanted the house, so the 733sq m block with 18.3m of water frontage at No.14 remained on the market with a $1.65 million price tag.
The property was one of many Mr Mian’s agency has sold to interstate buyers in recent months.
“There’s a lot of interstate buyers coming here,” he said.
“The prices are not stable (in Sydney and Melbourne) and they see more stability in southeast Queensland, especially the Gold Coast.”
He said an influx of house hunters who had been holding off on buying because of market uncertainty as well as a lack of stock on the market was contributing to a competitive surge in sales.
“(Buyers) think the worst has come to an end,” he said.
Ray White Surfers Paradise Group chief executive Andrew Bell had also noticed a rise in sales in recent weeks.
His agency secured more than 20 sales in 48 hours during the last weekend of April.
Another 12 properties out of 20 that went to auction at an event on Thursday sold under the hammer. Almost 60 prospective buyers registered to bid at the event.
Mr Bell said it was unusual in the weeks leading up to a federal election, which was traditionally a much slower period for the property market.
Despite threats to change negative gearing laws and capital gains tax, he said prospective buyers seemed to have “tuned out”.
“The disconnect with politics is the most profound that I have seen in my 40 years in WITH JESSICA BROWN & MIKAELA DAY real estate,” Mr “People are just with their lives.
“We have seen more sales and more inspections in the last month than we have ever seen in a pre-election phase and this tells us a lot about the mood of the people.
“They are saying both sides of politics are as bad as each other so let’s get on with it.” Bell said. getting on