Inside Queensland’s biggest home sales of 2017/18

first_imgInside the home at 36 Needham St, Fig Tree Pocket.In just the past month, a trophy home at 22-24 Ascot St, Ascot sold for $4.25 million, a home at 9 Craven St, Clayfield, fetched $4 million under the hammer and a historic, five-bedroom Queenslander at 32 Teneriffe Dr, Teneriffe, sold for $4.405 million at auction.Vaughan Keenan of Grace & Keenan, who negotiated the sale of the Ascot property, said it had been scheduled to go to auction, but was taken off the market just two days after listing.“There are lots of buyers out there who want to handle things discreetly, so they’re happy to pay a premium to get properties off the market,” Mr Keenan said. Inside the home at 187-191 Hedges Ave, Mermaid Beach.In Brisbane, one of the biggest sales of the financial year was also one of the most anticipated. The lavish Hamilton mansion built by disgraced businessman Christopher Skase sold in a secret deal to a local hotelier for $10.138 million. This home at 21-23 Webb Rd, Sunshine Beach, was the biggest sale of the financial year.Mr Russell also snapped up cricket star Shane Warne’s grand Victorian home in Melbourne’s Brighton around the same time, in a deal worth close to $20 million.Just streets away, also in Sunshine Beach, former tennis star Pat Rafter’s beachfront home sold for $15.2 million to Betty’s Burger founder David Hales. PAT RAFTER LOSES MILLIONS IN SUNSHINE BEACH DEAL This house at 52 Union St, Clayfield, recently sold for $2.145m at auction – the highest price paid for a home on a 685 sqm block in the suburb.It’s been a good year for Brisbane’s high-end apartment sector too, with demand stronger than ever despite concerns about oversupply in the inner-city markets, according to Place Estate Agents Kangaroo Point director Simon Caulfield.“I’ve settled in excess of $50 million (worth of property) and they’re all apartments,” Mr Caulfield said.“I don’t think I’ve had this big a start to a year in my 10 years of selling real estate.”A good example is the sale of an apartment with stunning river views at 5/81 Moray St, New Farm, which sold for $6.5 million in March. This house at 5 Allambi Rise, Noosa Heads, has sold for $11.2m. Picture: This property at 312 Teewah Beach Rd, Noosa North Shore, sold for $10.75m. This amazing home at 34 Mullens St, Hamilton, was one of the biggest sales in Brisbane in 2017/18.THEY’RE jawdropping, dripping in luxury features and sell for more money than most people can dream of.The top home sales of 2017/18 include an array of waterfront residences and mega mansions from the old money enclave of Hamilton and the trendy streets of New Farm and Teneriffe, to the glitz of the Gold Coast and the laid-back luxury of Noosa.Players at the prestige end of Brisbane’s property market are hailing 2017/18 as one of the best in years, reporting more sales around the $4 million mark than ever before. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Prestige real estate agents say demand from interstate migrants has ramped up in the past 12 months as Sydney and Melbourne homeowners sell up and cash in on the river city’s affordability.In some cases, buyers have even been throwing money at homes to have them taken off the market to eliminate competition.The really big money was spent on waterfront properties on the Gold Coast and Sunshine Coast, with only one sale in Brisbane eclipsing the $10 million mark last financial year.The biggest reported sale in Queensland’s southeast was an absolute beachfront estate in idyllic Sunshine Beach for $18 million. Pat Rafter and his wife Lara Feltham pocketed $15.2m for the sale of their Sunshine Beach home. Photo: Graham Denholm/Getty Images.Prestige agent Adrian Reed of Dowling & Neylan Real Estate in Noosa Heads said he had noticed an increase in demand for property in the area from southern states and expats.“We honestly believe there’s more scope to test the limits (of the market),” Mr Reed told The Courier-Mail. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 6:36Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -6:36 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenLiz Tilley’s prestige property wrap 06:36 “The end game is that records will continue to be broken in Noosa because some of the best property hasn’t been released yet.”Mr Reed sold a beachfront home at 312 Teewah Beach Rd, Noosa North Shore, for $10.75 million in November. This house at 5 Allambi Rise, Noosa Heads, has sold for $11.2m. Picture: biggest sale on the Gold Coast in 2017/18 was a waterfront property in Hope Island, which sold offmarket for $16.75 million to a Vietnamese businessman.Close at its heels was the sale of a stunning, beachfront property in exclusive Hedges Avenue in Mermaid Beach for $16.5 million. The home of former tennis player Pat Rafter at 46 Seaview Tce, Sunshine Beach. This house at 22-24 Ascot Street, Ascot, sold for $4.25m after just two days on the market.Christine Rudolph of Ray White New Farm said she had noticed an increase in buyers prepared to pay $4 million or more for a home.“We’ve definitely noticed a lot of these professional buyers would rather pay a premium for a finished product because they’re time poor and they really don’t want to go through project managing a renovation,” Ms Rudolph said.“That mid 30s to early 40s demographic is the prime demographic driving that $4 million price point at the moment, and they’re looking more at a long-term investment — somewhere they will settle for the next 20 years with their family.”Ms Rudolph recently sold a five-bedroom house on 685 sqm in Clayfield to a Sydney buyer who paid $2.145 million for it under the hammer — the highest price ever paid for a block of that size in the suburb.“That sale is proof that discerning buyers will continue to pay a premium for a quality product,” she said.“We’re continuing to see a strong trend in Brisbane with interstate migration and we’ve noticed an increase in both CEOs and CFOs with larger companies relocating to Brisbane. “One of the big benefits for them is that they can continue to operate on a global spehere out of Brisbane, but their preference is to move their families to Brisbane where the lifestyle is easy, schools are less expensive and they like to have that flexibility to be able to commute.” Inside the extravagant mansion at 36 Dickson Tce, Hamilton.Another high-profile figure was involved in the sale of the Fig Tree Pocket home of the founder of the collapsed Linc Energy, Peter Bond, earlier this year.Former federal politician and billionaire businessman Clive Palmer paid $7.5 million for the property at 36 Needham Street in one of the biggest sales of the year in Brisbane. This home at 187-191 Hedges Ave, Mermaid Beach, sold for $16.5m. The view from the apartment at 5/81 Moray St, New Farm. Clive Palmer paid $7.5 million for a house in Brisbane this year. Picture: Kym Smith. Clive Palmer bought this property at 36 Needham St, Fig Tree Pocket. This mansion at 21-23 Webb Rd, Sunshine Beach, sold for $18m.The sale of the seven-bedroom, eight-bathroom property at 21-23 Webb Road set a new record for the entire Sunshine Coast region when it was bought in March by David Russell, owner of private equity group Equis Energy. DREAM LIFESTYLE TO FALL IN LOVE WITH Inside the home at 312 Teewah Beach Rd, Noosa North Shore.And only a month ago, a 1950s style beach house sold for an eye-watering $11.2 million in an offmarket deal to a cashed-up Melbourne-based buyer.The sale price came as a shock to some given the property at 5 Allambi Rise in exclusive Little Cove last sold for $5.75 million only three years ago, showing the appetite from interstate migrants for premium real estate in Queensland. NOOSA BEACH HOUSE SELLS FOR $11.2M The former home of Christopher Skase at 36 Dickson Tce, Hamilton, sold for more than $10m.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago This apartment at 5/81 Moray St, New Farm, sold for $6.5m.Knight Frank Australia head of residential research Michelle Ciesielski told The Courier-Mail Brisbane’s premium market was benefiting from the growing demand from downsizers looking for easy-to-maintain homes.“Demand for truly exceptional properties in sought-after positions have outweighed the supply coming to the Brisbane market, including new builds,” she said.“Retirees continue to downsize and look for properties that offer high security while they travel abroad and low maintenance living with an array of amenities, including technology.”But the best could be yet to come, with a number of Brisbane properties tipped to surpass the $10 million mark.A luxury residence built into the side of a hill at 10 Morgan St, Ascot, is tipped to change hands for more than $14 million — when the right buyer comes along.The four-storey home in an ultra private location boasts some of the best uninterrupted views in the suburb.Another home with the potential to fetch big dollars if it sells is ‘Cintra House’ at 23 Boyd St, Bowen Hills, which is one of Brisbane’s oldest and most prestigious homes. Cintra House at 23 Boyd St, Bowen Hills, is for sale.10 BIGGEST SALES IN BRISBANE IN 2017/18 Sale date Address Sale price 1. Mar, 2018 27 Sutherland Ave, Ascot $11m 2. Feb, 2018 36 Dickson Tce, Hamilton $10.138m3. Sep, 2017 128 Crosby Rd, Ascot $8.8m4. Jan, 2018 36 Needham St, Fig Tree Pocket $7.5m5. Mar, 2018 1a Eldernell Tce, Hamilton $7.25m6. March, 2018 5/81 Moray St, New Farm $6.5m7. Nov, 2017 34 Mullens St, Hamilton $5.975m8. Nov, 2017 68 Molonga Tce, Graceville $5.65m9. March, 2018 53 Macquarie St, Teneriffe $5.236m10. Feb, 2018 37 Macquarie St, Teneriffe $5.1m Source: (Includes only properties where sale prices were revealed or previously reported. Excludes residential land, rural properties and multiple dwelling properties).10 BIGGEST SALES IN SOUTHEAST QLD IN 2017/18 Sale date Address Sale price 1. Mar, 2018 21-23 Webb Rd, Sunshine Beach $18m2. Jul, 2017 2620-2622 Virginia Dr, Hope Island $16.75m3. Sep, 2017 187-191 Hedges Ave, Mermaid Beach $16.5m4. Mar, 2018 46 Seaview Tce, Sunshine Beach $15.2m5. Jun, 2018 103-105 Hedges Ave, Mermaid Beach $11.6m6. May, 2018 5 Allambi Rise, Noosa Heads $11.2m7. Mar, 2018 27 Sutherland Ave, Ascot $11m 8. Nov, 2017 312 Teewah Beach Rd, Noosa North Shore $10.75m9. Jan, 2018 29-31 Wyuna Dr, Noosaville $10.301m10. Feb, 2018 36 Dickson Tce, Hamilton $10.138mSource: (Includes only properties where sale prices were revealed or previously reported. Excludes residential land, rural properties and multiple dwelling properties).last_img

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