big sales mark top week for Coast


EIGHT figures normally deters property buyers but the number eight proved a lucky charm for some Chinese buyers on the weekend splashing out $2,888,888 on a Gold Coast mansion.

The buyers won a bidding war for a waterfront property at 94 Commodore Drive, Paradise Waters that had been on the market for six months.

Lambert Willcox Estate Agents director Jesse Wilcox said it was an unusual price, but potentially offered because the number eight is considered to be fortuitous in Chinese culture.

He said it was actually the area that attracted the new owners, who lived locally.

“It was really the area of Paradise Waters, the exclusivity of that area at the moment, (and) because the buyers liked what the suburb had to offer,” Mr Willcox said.

“They’ll actually be renovating (the house).”

He said the multi-level six-bedroom home was on the market for a few months with another agency before it came to them.

“We reduced the price and the inquiries came,” Mr Willcox said.

“We actually had multiple offers on the property.”

He said the home sold quite quickly in comparison to many other properties in the area, with the average days on market about 300.

At Burleigh Heads, a home that was listed for the first time in 25 years sold under the hammer on the weekend for $1.51 million.

Marketing agent Troy Dowker, of Ray White Mermaid Beach, said the property at 23 Hill Ave attracted six registered bidders and a crowd of onlookers, including curious neighbours, at auction on Saturday.

“The bidding started at $800,000 and there was good interest from locals and Brisbane (buyers) as well,” Mr Dowker said.

The five-bedroom home went to a couple, who Mr Dowker said would likely renovate.

“They found the generous sized land holding really appealing,” Mr Dowker said.

“The majority of the value is in the land and the position – a land holding like that, that close to the beach, is pretty unique.”

He said homes in Burleigh were always popular.

“It’s like the Bondi or the Manly of the Gold Coast,” Mr Dowker said.

A new Main Beach villa and waterfront home at Burleigh Waters were also among properties that attracted high sales last week at $1.695 million and $1.175 million respectively.



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