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Brisbane’s most expensive homes: The top properties of 2018

Brisbane’s most expensive homes The top properties of 2018

Brisbane’s prestige market continued to go from strength to strength last year, with an impressive number of high profile multi-million dollar sales.

Here’s what the most expensive homes of the year sold for.

106-110 Virginia Avenue, Hawthorne

Brisbane’s most expensive homes & top properties

SOLD: $11,128,888

Agents: David Price and Garry Price, Ray White East Brisbane

The most expensive property sold in Brisbane last year changed hands in June, when former Arrow Energy chief executive Shaun Scott and his wife Sarah sold their riverfront trophy home for $11,128,888.

The jaw-dropping five-bedroom, six-bathroom home was reportedly purchased by millionaire Anthony Yap, who founded Good Price Pharmacy Warehouse.

The property features two swimming pools, a heated spa, a north-south facing championship-sized tennis court, a boat house, putting green and a private jetty.

27 Sutherland Avenue, Ascot

Brisbane’s most expensive homes & the top properties of 2018

SOLD: $11 million

Agent: Coronis – Hamilton

The stunning Hamptons-style trophy home owned by Domino’s Pizza boss Don Meij sold for a record $11 million in an off-market deal in March last year.

The chief executive of Australia’s largest pizza chain had bought the home in 2016 from one of Australia’s richest female CEOs, Maxine Horne, and her Fone Zone co-founder and husband David McMahon, for $8.615 million.

Less than two years later, Mr Meij had pocketed a cool $2.385 million profit.

Set on a sprawling 2024 square metres of land, the lavish home has six bedrooms, marble en suites and a stunning outdoor entertaining space with resort-style gardens, infinity-edge pool, pool house with outdoor kitchen and expansive verandahs.

It’s located in one of Ascot’s – and indeed, one of Brisbane’s – most prestigious streets, where the previous street record was $10.2 million.

36 Needham Street, Fig Tree Pocket

Brisbane’s most expensive homes and top properties as of the year 2018

SOLD: $7.5 million

Agents: Matt Lancashire and Christine Rudolph, Ray White New Farm

Clive Palmer bought this mega-mansion trophy home for a song when he paid $7.5 million in January 2018.

The sprawling seven-bedroom, nine-bathroom waterfront estate owned by embattled business owner Peter Bond had been on the market since Linc Energy went into receivership in 2016 with debts of more than $300 million.

Mr Bond and wife Louise paid $9.5 million for the property in 2009. At one stage they had it listed for sale for $11.9 million but had no takers, withdrawing it from the market for some time.

They took it to auction in August 2017 and despite strong bidding that reached $9.25 million, the couple instructed their agents to pass the property in.

By February, the news that Palmer had secured it for $7.5 million was out.

It was a busy year for Palmer on the property scene – later that year he snapped up a some new beachfront digs on the Gold Coast, dropping a cool $12 million on a Hedges Avenue house.

1A Eldernell Terrace, Hamilton

Brisbane’s most expensive homes The top properties

SOLD: $7.25 million

Agent: Alma Clark, Alma Clark Real Estate

Dominos boss Don Meij may have sold his spectacular Ascot home but he was hardly swapping it for something dire – property records show he settled on this hilltop Hamilton residence only one month before he sold his Sutherland Avenue house.

The five-bedroom, four-bathroom house set on 910 square metres of land features stunning city and river views.

150 Adelaide Street East, Clayfield

Brisbane’s most expensive homes & top properties of the year 2018

SOLD: $7 million

Agent: Matt Lancashire, Ray White New Farm

This landmark Federation home smashed blue-chip Clayfield’s suburb record when it sold in October for $7 million.

Home to the late Sir Edward and Lady Dorothy Williams for 60 years, Clonlara drew attention from buyers across the country keen to secure an estate of such significance.

Features include 3317 square metres of manicured grounds, two championship-sized grass tennis courts, a pool and stunning original period details such as a grand entry foyer to formal dining and lounge rooms, ornate plaster and pressed metal ceilings, solid timber walls and leadlight windows.

5/81 Moray Street, New Farm

Brisbane’s most expensive homes top properties 2018

SOLD: $6.5 million

Agent: Brett Greensill

The most expensive apartment sold in Brisbane last year was this luxury riverfront residence in the sought-after Aquila building on Moray Street.

Located on level five with knockout river and city views, the property settled in March.

It has three bedrooms, three bathrooms, three car spaces and expansive living areas that make the best of its position. The spectacular penthouse upstairs on level 10 is currently listed for sale.

30 Windermere Road, Hamilton

Brisbane’s most expensive homes and top properties of the year 2018

SOLD: $5.95 million

Agent: Dwight Ferguson, Ray White Ascot

Set on a sprawling 2024 square metres of land in one of Brisbane’s original prestige suburbs, 30 Windermere Road sold in April last year.

Perched high on the hill, the house has a 3000-bottle wine cellar, championship-sized tennis court, pool and beautiful period features.

30 Kitchener Road, Ascot

Brisbane’s most expensive homes and the top properties in the year 2018

SOLD: $5.5 million

Agent: Matt Lancashire, Ray White New Farm

This ultra modern residence in the heart of dress circle Ascot, designed by top architect Shaun Lockyer, was lauded for its sophisticated yet innately practical design.

With five bedrooms and four bathrooms on 898 square metres of flat land, the house’s atrium-style design allows visibility throughout the whole house. With gardens designed by landscape designer Steven Clegg including a huge vertical garden at the back of the house, it was highly sought-after by buyers wanting that ultimate family home.

8 Sentinel Court, Cleveland (Raby Bay)

Brisbane’s most expensive homes top properties

SOLD: $5.25 million

Agent: Ryan McCann, First National Cleveland

A luxury home in the Redlands described as “the ultimate beachfront mansion” sold for $5.25 million in September.

The six-bedroom house at Raby Bay sits in a street that locals liken to Hedges Avenue on the Gold Coast, renowned for its rich-list owners and multi-million-dollar properties.

The property sprawls on 1426 square metres of waterfront, has its own private beach, boat ramp, and seven-car garage with drive-through access to the sand.

No expense was spared when it was built 15 years ago — the kitchen cost $150,000 alone, and the nearly 15 metres of frameless, glass bi-fold doors cost the original owner $189,000.

There are only 16 houses in Sentinel Court on that stretch of beachfront, and they share a large boat marina which was built for their exclusive use.

41 Dickson Terrace, Hamilton

Brisbane’s most expensive homes The top properties 2018

SOLD: $5.25 million

Agent: Dwight Ferguson, Ray White Ascot

This brand new contemporary home on Hamilton Hill didn’t even make it to being listed online before it was snapped up by a local Brisbane buyer.

Marketing agent Dwight Ferguson said the house was going to be sold by auction but two offers came in days before it hit the market, with one of them too good to knock back.

Spanning three levels with 180-degree views of the Brisbane River, the house has four bedrooms, four-and-a-half bathrooms and an internal lift.

80/35 Tribune Street, South Brisbane

Brisbane’s most expensive homes and top properties of the year 2018

SOLD: $5.2 million

Agent: Phillip Rand, YPM Group

The title of second-highest apartment sale of the year went to this sprawling 380-square-metre property on level 18 of the Emporium Residences.

Sold to a local Brisbane buyer in September last year in an off-market deal, the apartment boasts incredible river and city views, four bedrooms, 3.5 bathrooms, two studies and three car spaces.

17 Ningana Street, Fig Tree Pocket

Brisbane’s most expensive homes top properties of the year 2018

SOLD: $5.1 million

Agent: Cathy Lammie, Cathy Lammie Property

This grand residence set on 13,000 square metres of land with 82 metres of Brisbane River frontage sold for $5.1 million.

Not only did it have the impressive river frontage with a private pontoon, it also had more than 160 metres fronting the adjacent Cubberla Creek.

The house has five bedrooms, five bathrooms, two studies, temperature-controlled wine cellar, gym, sauna, tennis court and pool.

127 Laurel Avenue, Chelmer

Brisbane’s most expensive homes & the top properties as of 2018

SOLD: $5 million

Agent: Jason Adcock, Adcock Prestige

Sold under the hammer in April last year for $5 million, this beautiful Chelmer estate is considered to be one of the best riverfront blocks in the area.

With 3122 square metres of land and 40 metres of river frontage, the property is grand and vast in proportions – it features a house with two levels across two buildings, beautifully manicured grounds with established trees, grass tennis court, pool and undercover terrace.

19 Lawes Street, Hamilton

Brisbane’s most expensive homes in the year 2018

SOLD: $5 million

Agents: Ken Scrogings and Clint Devereaux, Northside First National

The deal was sealed on this property in October last year. A stunning contemporary residence on Hamilton Hill designed by M3 Architecture, the house was an attractive proposition for families vying to get into the Ascot State School catchment.

The 500-square-metre house has five bedrooms, study, soaring ceilings, stunning city views, pool and large grassy backyard.

20 Priestley Road, Bridgeman Downs

Brisbane’s most expensive homes and the top properties of 2018

SOLD: $4.9 million

Agent: Sarah Hackett, Place Estate Agents – Bulimba

This sprawling western suburbs residence was on the market less than 30 days before it was snapped up for $4.9 million.

Built in 2010, the house is a whopping 970 square metres under roof. Outside, there’s 10,000 square metres of land with a pool, 10-person spa, championship-sized tennis court and kids’ playground.

16 Scott Street, Hawthorne

Brisbane’s most expensive homes The top properties of the year 2018

 

SOLD: $4.875 million

Agent: Sarah Hackett, Place Estate Agents – Bulimba

Records show this European-inspired riverfront residence sold for $4.875 million in April last year.

The house has five bedrooms and three bathrooms on 791 square metres of absolute riverfront land.

27-29 Sutton Street, Chelmer

Brisbane’s most expensive homes and the top properties as of 2018

SOLD: $4.83 million

Agent: Jason Adcock, Adcock Prestige

Three days is all it took for this five-bedroom, four-bathroom riverfront estate to be snapped up for an impressive $4.83 million.

The resort-style property features beautifully manicured grounds, tennis court, pool and multiple outdoor entertaining spaces that take in the river views.

5/2 Scott Street, Kangaroo Point

Brisbane’s most expensive homes top properties of 2018

SOLD: $4.5 million

Agent: Simon Caulfield, Place Kangaroo Point

Located in the exclusive residential building Walan, this luxury whole-floor apartment sold to a buyer who was relocating from a suburban house further out of the CBD.

Records show the 383-square apartment was sold just before Christmas last year.

58 Retreat Street, Bridgeman Downs

Brisbane’s most expensive homes & top properties of 2018

SOLD: $4.42 million

Agent: Sarah Hackett, Place Estate Agents – Bulimba

This gorgeous American-style estate set on just over a hectare was bought for $4.42 million in June last year.

However, its new owner has never lived there – he has already changed his mind and decided to buy another property. If this house is the one he’s offloading, the new place must be something incredible.

The house is light-filled and extravagant in scale — with an 800 square metre interior, it includes five bedrooms, four bathrooms and seven car accommodation. But it’s the grounds that are truly beautiful — sprawling, manicured and boasting a full size tennis court and multiple outdoor entertaining spaces, even the pool looks grand.

The house is now back on the market, listed with Brenton Faehrmannof Place Estate Agents – Bulimba.

 

Source: www.domain.com.au

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Market Place

Karam Group matches HomeBuilder grant for first home buyers at Maasra

Karam Group

Karam Group has announced it will match the Queensland Government’s first home owners’ grant with an additional $15,000 for first home buyers purchasing eligible apartments

Brisbane developer Karam Group has announced it will match the state’s first home owners’ grant with an additional $15,000 for first home buyers who purchase an eligible apartment at their Coorparoo project, Maasra Apartments.

The $15,000 Developer Grant will see eligible first home buyers receive up to $45,000 towards their new home, with the development also qualifying for the Federal Government’s $15,000 HomeBuilder grant.

Hindmarsh Construction Australia has started work on a $102 million mixed use development in Coorparoo, qualifying the project for the federal government’s HomeBuilder grant.

Karam Group director Anthony Karam said he was pleased to announce the additional grant to help first home buyers get their foot in the door of a brand-new apartment.

“This is a terrific opportunity for first-time buyers to get into the market, as saving this kind of money takes most people years,” he said.

Karam Group

Designed by HAL Architects, Maasra offers residents access to a podium recreational space with multiple resort-style entertainment areas at an entry-price of $399,000.

Amenities include a 25-metre pool with timber decking, sun beds, beautifully landscaped surrounds, a residents’ lounge, a gym, and retail space on the ground floor.

“Maasra Apartments in Coorparoo is perfectly positioned for eligible first home buyers wanting to purchase a quality apartment in a prime city location,” TOTAL Property Group managing director Adrian Parsons said.

The apartment’s inner-city fringe location of Coorparoo appeals to young professionals seeking to buy an apartment in an area with transport infrastructure and lifestyle offerings on its doorstep.

Parsons claimed the area was one of Brisbane’s most vibrant lifestyle hubs.

Other residential developments near Coorparoo on the market right now

“The Brisbane property market is currently in its prime,” Parsons said.

With the advantage of flexible working arrangements and Queensland’s desirable climate, affordability and lifestyle, Brisbane is a very attractive place to live.

1. Cello, GREENSLOPES
Address: 5-9 Flora Street, GREENSLOPES QLD 4120
One-bedroom apartments from $349,000

Karam Group

CS Development Group’s Cello Apartments is the latest addition to Brisbane’s suburb of GREENSLOPES. Offering residences in one, two and three-bedroom configurations, this development is the ideal home for buyers searching for properties with exceptional on-site amenities.

These amenities include a swimming pool, gym, on-site library, rooftop observation deck and multi-purpose space.

2. Minnippi Quarter, Carina
Address: 193 Fursden Road, Carina QLD 4152
One-bedroom apartments from $415,000

Karam Group

Located next to the Minnippi Parklands is Frasers Property’s latest masterplanned community, Minnippi Quarter. Situated on a large, newly developed site, residents will have access to 6000 square metres of private parkland and precinct parks.

Each property in the development offers open-plan living, natural light and a full suite of resort-style amenities, including a 25-metre infinity edge lap pool and a fully equipped gym.

 

Article Source: www.urban.com.au

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Gold Coast

Surf legend Mick Fanning lists Coolangatta apartment block

Surf legend Mick Fanning

Surfing royalty Mick Fanning has listed a Coolangatta apartment block he’s renovated since buying 14 years ago.

Fanning, who stepped away from professional surfing in 2018 having won three world championships over his near two decade professional career, paid $3.1 million for the tired 1980s brick block in 2007.

Surf legend Mick Fanning

Now the Boundary Street building has a coastal white facade and each of the units and granny flats have been renovated.

There are two three bedroom apartments, one on the ground level and one on the second level.

Each unit has its own granny flat at the rear of the 505 sqm block. There’s a blank canvas back yard and two garages.

Surf legend Mick Fanning

LJ Hooker Palm Beach agents David Lonie and Mishy Canning suggest the building can provide four incomes streams, around $770 to $800 a week for each apartment and $470 to $500 a week for the two granny flats.

Lonie and Canning have a February 7 auction on site at the block which is footsteps to Snapper Rocks. They advise there is potential for separate sales of the apartments.

Fanning will retain a foothold on the street. He owns the block of four two doors down, which he bought for $1.2 million in 2006, and the block next door to that, secured in 2005 for $1.39 million.

Coolangatta’s newest developments

Miles Residences Kirra Point

Address: Corner Miles Street and Marine Paradise, Kirra QLD 4225
Prices from: $545,000

Surf legend Mick Fanning

Miles Residences at Kirra Point, the luxury redevelopment of the Kirra Beach Hotel by KTQ Group, is Coolangatta’s most impressive new developments. Already nearly 50 per cent of the 118 apartments have sold since their launch in December.

Designed by Woods Bagot, the project, which includes a pub and pavilion, is set to be completed in early 2023.

Maya Kirra Beach

Address: 1 Coyne Street, Coolangatta QLD 4225
Prices from: $1.93 million

Surf legend Mick Fanning

Only a few residences remain in the top end Maya Kirra Beach block of just 15 three and four bedroom residences. The building, developed by Spyre Group and completed in September 2020, only has four bedroom apartments left starting at $1.93 million.

 

Article Source: www.urban.com.au

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Gold Coast

Commercial Market Update – Gold Coast Cityscope January 2021

The latest research from Gold Coast Cityscope shows property sale figures have increased over the past three months. Sales recorded in the three months to December 2020 recorded 41 sales for a total of $95.2 million. Of this, $54.3 million was for commercial, $13.7 million was for commercial strata, $6 million was for retail, $14.9 million was for retail strata and $6.2 million was for other.

In comparison, the three months to September 2020 recorded 19 sales for a total of $59.4 million. Of this, $3.8 million was for commercial, $3.6 million was for commercial strata, $9.3 million was for retail, $1.5 million was for retail strata and $41.2 million was for other.

The latest data raises the 12-month total to over $340.7 million, over $200.4 million less than the previous 12-month period.

The table below shows sales recorded for the past eight updates of Gold Coast Cityscope:

Commercial Market Update

The most significant sales recorded this quarter together totalled over $54.63 million.

Acuity Business Park Building 1 was sold off-market for just over $41.29 million to 209 Robina Pty Ltd as trustee for the 209 Robina Trust. The four-storey building comprises 5,937 sqm of space and was completed in mid-2020; tenants include Metricon, Medrecruit and Intrapac Property. Mike Walsh and Peter Court of Cushman & Wakefield Gold Coast negotiated the sale, which represents an initial yield of 6.5% on passing income of $2,684,303.96.

The entire 1,510 sqm third floor of Eastside Robina, plus a 27 sqm cafe on the ground floor have been purchased for just over $7.234 million by Agroha Dham Pty Ltd as trustee for the KL Eastside Unit Trust. Steven King and Tony Wang Colliers International and Mark Witheriff of CBRE Gold Coast negotiated the sale, which represented an initial yield of 9.75% on a passing income of $705,000 (net).

Eleven units at 38 Cavill Avenue were purchased together for $6.1 million by Cavill Avenue Holdings Pty Ltd as trustee for BM Coast Holdings Trust. Steven King and James Crawford of Colliers International Gold Coast negotiated the sale. The units, comprising lots 1 to 11, were advertised with a net income of $405,155, which represents an initial yield of 6.64% on a passing income of $405,155 (net).

Commercial Market Update

Properties currently listed for sale include:

  • Surfers Paradise Beach Units – six storeys with 16 one and two-bedroom holiday units (6 one-bedroom; 10 two-bedroom) above ground floor parking. Scheduled for auction January 21, 2021; agent, Amir Prestige Property Agents (Matthew Biviano).
  • 21-27 Davenport Street, Southport – a two-storey, 490 sqm retail and office building. For sale with an asking price of $980,000; agent, Raine & Horne Commercial Gold Coast. The property was advertised with a gross income of $118,000.
  • 25 Griffith Street, Coolangatta – a two-storey building with a ground floor retail shop and a three-bedroom, two-bathroom residence upstairs. Building area, 348 sqm. The property includes a swimming pool and two-car garage to the rear. For sale with an asking price of $2.9 million; agent, Tsimos Commercial Real Estate (John Black).

Properties currently under contract (conditionally or unconditionally) include:

  • 1 Paddington Place, Robina, a 4,040 sqm vacant site. Under contract unconditionally with an extended settlement period expected; agent, Colliers International Gold Coast (James Crawford).
  • 6 Short Street, Southport – a two-storey, 811 sqm office building with basement car parking for 16 vehicles. Under contract; agent, Colliers International Gold Coast (Steven King). The property was advertised with a net income of around $99,358 per annum.
  • 44 Thomas Drive, Chevron Island – a two-storey, 281 sqm retail/office building with frontages to Thomas Drive and Karloo Street. Under contract in with settlement expected January 2021; agent, Raine & Horne Commercial Gold Coast (David Task and Michael Parisi). The property was advertised with a fully leased gross income of $172,932.72.

 

Article Source: www.corelogic.com.au

 

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