Billy Jaz and his wife Mary with children Isla (6months), Johnny 8, and Jimmy, 5. Picture Glenn hampson
WITH their third baby on the way last year, Billy Jaz and his wife, Mary, knew it was time to upgrade to a bigger family home.
But one year ago, all the feedback from builders was around huge cost increases and long wait times.
Now, they finally have a build date set for their multimillion-dollar dream home on the Gold Coast as the construction crisis shows signs of easing.
An artist render of the Jaz family’s dream home build at Palm Beach
The home’s estimated value is $3.3m
“I’ve just paid the builder’s deposit and I’m feeling confident,” said Mr Jaz, who is a principal agent with McGrath Palm Beach.
“When I spoke to builders a year ago, all of them said prices were going up, timber and other materials were at least 20 per cent more, and the wait times were really long.”
“This time around, probably around 50 per cent of them said the situation was levelling out, they had materials and they were in a position to go ahead,” he said.
Mr Jaz has worn a few different hats in the property industry over the last 10 years, from builder to boutique developer and real estate agent.
But his role as a family man is behind his latest knockdown-rebuild project to accommodate his growing tribe at Palm Beach.
They acquired the block next door
The pool area will be a standout
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The couple and their children, Johnny, 8, Jimmy, 5, and baby Isla, are currently living in one of a pair of duplexes they built in 2020, after purchasing a knockdown on a 504sq m lot three years earlier.
They recently acquired the block right next door for $1.7m, and engaged designer Solis Studios and builder Revolution Projects to bring their four-bedroom dream home to life – dubbed El Nido, or ‘the nest’.
Street appeal on a corner block
“Once we moved into Palm Beach we were set on staying here forever,” Mr Jaz said.
“When we were pregnant with our baby girl, I realised we couldn’t live in a duplex for much longer, so we ended up buying a corner block — the house next door.”
“It was an over-the-fence conversation between my wife and our neighbour.”
The couple’s property journey in the southern Queensland hotspot began with a 1980s three-bedroom home purchased in 2013 for $492,500 and sold for $1.45m last year, freeing up equity to move forward with their new build.
The design brief was “light and airy”, with features of the contemporary abode including resort-style pool area and a bespoke wine bar.
“We are going to have a massive chandelier in the atrium which will be a real feature of the home, and being on a corner block it will have spectacular street appeal,” he said.
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