High beach ap­peal

The beach­front is still as pop­u­lar as ever with two prop­er­ties sell­ing for al­most $5 mil­lion com­bined

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS JES­SICA BROWN AND ALEISHA DAW­SON

BEACH­FRONT homes are as pop­u­lar as ever with one fetching al­most $3 mil­lion un­der the ham­mer at the week­end.

House hunters and neigh­bours de­scended on the Tu­gun beach shack in droves on Sun­day when it went to auc­tion.

Ray White Mer­maid Beach agent Troy Dowker, who mar­keted the prop­erty, said a Bris­bane buyer placed the high­est bid of $2.95 mil­lion, which ul­ti­mately sealed the deal.

A for­mer prize home on Bilinga’s beach­front, which Mr Dowker mar­keted, also sold un­der the ham­mer on the week­end, fetching $1.865 mil­lion.

In other news, the Gold Coast has proven to be one of Queens­land’s strong­est land mar­kets in the Septem­ber quar­ter of 2018.

The lat­est Oliver Hume Quar­terly Mar­ket In­sights (QMI) re­port re­vealed the Gold Coast land mar­ket’s me­dian value rate was at $732 per square me­tre this year — up 24 per cent from the same time in 2017.

Prices also in­creased across the Gold Coast land mar­ket, with me­dian land prices sit­ting at $333,688 dur­ing the Septem­ber quar­ter.

Oliver Hume Queens­land gen­eral man­ager Matt Barr said the Gold Coast’s me­dian land price in­creased nine per cent over the past 12 months, largely due to an in­crease in de­mand from a grow­ing pop­u­la­tion sweep­ing across South East Queens­land.

“With of­fer­ings of premium water­front and large lot types on one end and small to medium lot types on the other, the Gold Coast land mar­ket re­mains one of the most at­trac­tive in SEQ,” he said.

The re­port showed buy­ers in the Gold Coast re­gion had been pri­mar­ily in the mar­ket for land rang­ing from 400sq m to 500sq m.

The Tu­gun shack at 1 Short St (main) and for­mer prize home at 1/230 Pa­cific Pde, Bilinga (lower pho­tos).

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.