Mega sales: Prestige market continues to fire on the Gold Coast

The Chevron Island property at 75-81 Stanhill Drive, Surfers Paradise sold for $15m.
Cashed-up buyers are out in force on the Gold Coast with three properties selling at auction for more than $10m each this week.
Agents from Kollosche Broadbeach were behind all three campaigns which included prime riverfront and beachfront real estate.
In Surfers Paradise, a three-bedroom house on more than 2000 sqm of waterfront land sold under the hammer for $15m.

75-81 Stanhill Drive, Chevron Island.
The property at 75-81 Stanhill Drive, Chevron Island, was marketed by Kollosche managing director Michael Kollosche and is the largest landholding on the island, with a 59.6m frontage to the river.
“The market at the top end is still extremely strong,” Mr Kollosche said.
“There’s a lot of demand for blue chip assets, trophy assets, turnkey brand new builds and near new homes.
“We’re still hitting sales volumes comparable to what we were hitting at the peak of the Covid height.”

75-81 Stanhill Drive, Chevron Island.
Tony Bawden, one of the founders of housing company Villa World, was the vendor of the Stanhill Drive property.
Mr Kollosche said a shortage of stock combined with migration levels and a lack of new products coming to the market was creating the perfect auction environment.

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2 Surf St, Mermaid Beach sold for $11.5m.
To the beachfront and in Mermaid Beach, a near 60-year-old unit block at 2 Surf St sold for $11.5m.
The price for the 405 sqm block represents $28,395 a square metre, topping a $23,703 figure set last year on the same oceanfront strip.
“That set a new record for rate per square metre for land on the Gold Coast,” Mr Kollosche said.

2 Surf St, Mermaid Beach.
Mr Kollosche, who marketed the property with colleague Harry Kakavas, said the holding drew 147 inquiries and of the 11 people who registered to bid at the auction, nine were active.
The sellers of 2 Surf St were former property agent John Natoli and real estate agent Scott Keatley.

175 Jefferson Lane, Palm Beach sold for $10m.
Further south and a luxurious beachfront house sold for $10m under the hammer after fierce bidding by three parties.
Marketing agent Troy Dowker of Kollosche said the property at 175 Jefferson Lane was the first single-lot house to break the $10m price benchmark along the prestigious beachfront strip.
“This beautiful property and location is testament to the ever-growing demand for blue-chip property along the southern Gold Coast,” Mr Dowker said.

175 Jefferson Lane, Palm Beach.
The vendors, long-time Gold Coast locals Tegan and Adam Francis bought the property in 2019 after returning from the US and embarking on a search for the ultimate beach house.
Set over four levels, the Hamptons-inspired home includes four bedrooms, four bathrooms, a home cinema, games room, dedicated office, multiple outdoor entertaining areas, and views of the beach from every possible vantage point.

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