Gold Coast real estate: $1m profit in two years

BUYING days before the pandemic hit Australian shores paid off big-time for a Gold Coast couple who have pocketed almost $1 million in two years.
Chris and Kim Gordon settled on their Burleigh Heads property in January, 2020 – days before COVID-19 arrived in Australia.

70 Acanthus Ave, Burleigh Heads has sold for $2.605 million.
Entertain in style.
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They paid $1.65 million for their house, a newly-built two-level showstopper home at 70 Acanthus Ave.
Last week they sold it for $2.605 million through Conner Malan and Dan Donovan of Ray White Burleigh Group.
The kitchen.
Mr Malan said a buyer from Sydney looked at the property after it went to auction.
“The sellers wanted $2.6 million and a lot of the early feedback was around the low $2 million mark,” he said.
“The buyer couldn’t get here for a period of time and eventually came and had a look at it and bought it.
“The sellers ended up getting their dream price. They were thrilled.”

One of the bathrooms.
From the front.
Mr Malan said since that sale the Gold Coast market had slowed.
“Everyone will sit on their hands because of the election and interest rate rises,” Mr Malan said.
“But the market will recover and stabilise again, it just won’t be the manic market we’ve had recently.”

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