THE top end of the Gold Coast property market is back — that’s the message in the wake of a $15.5 million deal on a giant Isle of Capri house.
The sale of 57-59 The Corso to Chinese buyers is at the highest price achieved on the Gold Coast since the GFC-afflicted market of 2009.
Seller Mara Spong has been chasing offers of $15 million-plus for three years for her two-level semi-Balinese style mansion.
When it first was marketed it was touted as having a replacement cost in excess of $20 million.
Ms Spong’s sale comes on the heels of deals in the past three months of $13.25 million and $11.5 million on the Mermaid Beach oceanfront and $11 million on Cronin Island.
A sale worth close to $11 million is believed to be in train at Sanctuary Cove.
The buyers of the Spong house are Hongbo Li and Liyan Song and the sale was handled by Doug Hoang, principal of The Venetian Real Estate, Robina.
He is marketing, at $3.695 million, a 420sq m home in Knightsbridge Pde East at the Sovereign Islands, owned by the couple since 2013.
The last $15 million-plus sale on the Gold Coast was in 2009 and involved the $18 million purchase of an Albatross Ave beachfront home at Mermaid Beach by pubs and pokies billionaire Bruce Mathieson and wife Jillian.
The Spong house, which has six bedrooms and six bathrooms, is on a northeast- facing 2197sq m site on a section of the Nerang River known as the Adams Basin.
It has been sold with most of its furnishings.
Professional wrestler Dwayne “the Rock” Johnson famously stayed in the home during filming of disaster movie San Andreas in 2014.
Johnson tweeted a photo appearing to show him in the grounds of the 2197sq m property.
“Mornin’ greetings from the Gold Coast, Australia. #RiseAndGrind #AussieLove” he wrote.
The home was built by surfwear industry pioneer Doug Spong and then wife Mara in the 1990s and spans four lots.
Mr Spong founded the Thin Air accessories business, a supplier to Billabong International, which was turning over nearly $40 million a year when it was eventually sold to Billabong.
Architectural firm Hamilton Hayes Henderson was engaged to design the house and to incorporate ideas and influences the Spongs had picked up in Bali and parts of Asia.
The house, completed in 1999, has basement parking, two floors of living space totalling 1630sq m, and 705sq m of outdoor living areas, including lanais.
The record for an Isle of Capri house is $6.35 million, paid to transport company operator Peter Smith by entrepreneurial businessman David Baird in 2012.
The Spong house’s major features are:
•Six kingsize bedrooms, each with an en suite and with a dressing room off the master suite.
•A kitchen with granite benchtops, European appliances, a butler’s pantry and a cold room.
•Recreation areas that include a waterfront pool, overlooked by a lanai, and a gymnasium.
•A theatre, billiards den, sauna and heated spa.
•A temperature-controlled wine cellar with storage for more than 4000 bottles.
•A porte cochere at the front door and basement parking for six cars.
Original article published at www.goldcoastbulletin.com.au by Quentin Tod 20/7/16
April 2021: Four homes to secure in Queensland’s City of Logan from $230,000
The City of Logan is situated in a thriving growth corridor between Brisbane and the Gold Coast, with abundant amenities, good schools and a burgeoning health precinct
Queensland is in the midst of an exciting period of growth and Logan City is well-positioned in the centre of this change.
The City of Logan is situated in a thriving growth corridor between Brisbane and the Gold Coast, with abundant amenities, good schools and a burgeoning health precinct.
More and more home buyers are purchasing their first property in Logan thanks to its fresh and contemporary residential neighbourhoods, new estates and bushland acreage.
The adjacent Griffith University Logan campus, Queensland TAFE and the $145 million Logan Hospital expansion provides the opportunity for Meadowbrook to evolve into a major health and educational hub.
Given its central geographic location in south-east Queensland and available young workforce, Logan is ideally placed for continued growth in the region and provides great opportunity for families and investors.
Urban takes a look at four homes to secure in Logan City from just $230,000.
1. Brookhaven, Bahrs Scrub
Address: 33 Menora Road, Bahrs Scrub QLD 4207
Four-bedroom townhome from $475,000
Brookhaven is a new master planned community in Logan City, balancing safety, amenity and liveability amongst picturesque natural surrounds.
Situated just 4.3-kilometres from Beenleigh Town Centre, Brookhaven is connected to Brisbane and the Gold Coast.
Developed by Frasers Property Australia, the homes achieve a five-star green star communities rating and up to 5km of multi-use trails promoting walking, running and bike riding.
2. Aquila Lodge, Eagleby
Address: 10 Bishop Street, Eagleby QLD 4207
One-bedroom townhome from $230,000
Located near train stations, the Pacific Motorway and Logan Motorway, Aquila Lodge offers an 18-townhome development in the City of Logan’s Eagleby.
Each residence features one bedroom, one bathroom and a single-car lock-up garage.
The 42sqm homes include stone benchtops, stainless-steel appliances and air-conditioning to present comfortable living to its residents.
3. Clearwater Junction, Bethania
Address: Clearwater Street, Bethania QLD 4205
Three-bedroom townhomes from $335,000
Clearwater Junction is an established townhouse complex located in the hidden away suburb of Bethania.
Located in a cul-de-sac street, the peaceful residential development is bordered by farmland and situated within walking distance to the train station and shops.
Three and four-bedroom townhomes are available at the project, with a mixture of designs and layouts, including both single and double storeys.
Amenities include a well-appointed gym, in ground swimming pool, and picnic area.
4. Acacia Waters Estate, Eagleby
Address: Fryar Road, Eagleby QLD 4207
Two-bedroom apartments from $305,000
Surrounded by gardens, walking paths and numerous amenities, Acacia Waters Estate presents nine contemporary designed buildings in Eagleby.
Residents who secure a home in the development will benefit from 24-hour on-site management, undulating lawns and ample visitor parking.
Other amenities include a swimming pool and barbeque pergolas, as well as essential amenities in close proximity, including parks, public transport and shops.
Article Source: www.urban.com.au
Why this century old home ‘with a distinctive red roof’ is about to sell for $11million – and it’s not even in Sydney
A century-old home that is known for its distinctive red roof could be sold for $11million.
The house, which was built in 1922, sits on 546 square metres of land at 10 Goodwin Terrace in Burleigh Heads, on the Gold Coast.
Owners Brian and Lauren McMaster bought the three-bedroom home for $7million in 2020 and planned to build a standout family home in its place.
The location of the home, which overlooks the ocean, has drawn plenty of interest from buyers who see it as a prime opportunity for residential development.
The McMasters are currently in talks with property investment company Spyre Group and have placed the home under contract for $11million, Gold Coast Bulletin reported.
Real estate Amir Prestige is overlooking the deal though has remained tight-lipped on any further details.
The $11million price tag breaks down to $20,146 a square metre for the property, smashing the residential site record that sat at $18,541.
The price of the house has grown astronomically since it was built in 1922.
The original owners sold it for just $49,000 in 1977 and changed homeowners several times, each time raising the market price.
Engineer John Howe bought the then-two bedroom home for $3.9million in 2005.
He added a third bedroom under the house before selling it for $4.75million in 2016.
Distribution service owner Jay Mcphee bought the house and resisted offers from the new home owners for three years before finally caving to pressure.
Article Source: www.dailymail.co.uk
Historic Brisbane bayside home back on demolition path after court ruling
A Brisbane home with bayside views and built more than 70 years ago, looks likely to disappear after a Queensland court overturned Brisbane City Council’s rejection of a demolition application.
The house at 478 Flinders Parade in Brighton, Brisbane’s northernmost suburb, has the waters of Moreton Bay just metres from its doorstep and was built pre-1947.
Property owner Aaron Hawke submitted his demolition application on May 8, 2020, but it was rejected on July 9 because it conflicted with Brisbane’s identity, according to Council.
“[The demolition application] does not maintain the traditional building character … [and] does not protect residential buildings constructed in 1946 or earlier,” Brisbane City Council wrote.
“The house has not been demonstrated to be structurally unsound.
“The existing pre-1946 dwelling house has a relationship to the precinct and continues to maintain and represent a traditional building character streetscape in building form and scale.”
Between late 2006 and early 2007 and between late 2009 and early 2010, two pre-1947 houses were demolished in the area close to the subject property.
The first at 466 Flinders Parade was knocked down because it had been substantially altered and had therefore become structurally unsound.
The second at 484 Flinders Parade disappeared because it was not considered to be a good example of traditional timber and tin design and construction.
“Since 1964, the character of this section of Flinders Parade has changed dramatically,” court documents said.
“The large vacant block on the corner of Flinders Parade and Fourteenth Avenue was subdivided and two new large modern houses were constructed thereon.
“An existing vacant parcel of land was developed with a more modern form of design and construction. Another larger lot was subdivided and developed with a large and modern house.
“The net result of all of this was that this section of Flinders Parade now comprises of 13 dwellings of which only four have been definitively identified as pre-1947 houses.”
Two Brisbane heritage architects, Malcolm Elliot and Michael Kennedy, gave evidence to Queensland’s Planning & Environment Court.
“The house is an isolated, lower quality example of pre-1947 residential construction within a section of the subject streetscape otherwise predominated by prestige bayside residences of contemporary design, materiality and detailing,” Mr Elliot testified.
“The retention of an isolated representation of traditional building character within an otherwise predominantly modern part of the streetscape is not considered to represent a concerning, meaningful or significant loss of any traditional building character.”
However, Mr Kennedy held a different view.
“[The subject house] makes an important contribution to the traditional building character in this section of Flinders Parade. It is prominent in the street and displays obvious traditional building character. It is one of four pre-1947 houses that together with a large house at 472-474 collectively impart traditional character to this section of Flinders Parade,” he said in his evidence.
However, Judge Richard Jones decided “the street no longer has a sufficient level of traditional character” and allowed Mr Hawke’s appeal against the original Brisbane City Council rejection.
Article Source: www.brisbanetimes.com.au
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