The Gold Coast’s biggest sales of 2019
THERE is still movement at the top end of the market on the Glitter Strip, with several opulent mansions and luxury penthouses having changed hands in eye-watering deals this year.
The top multimillion-dollar sales in the first half of 2019 all came in above the $5 million mark, with a beachfront penthouse sitting in first place.
The $8.25 million deal, inked in February, marked the highest sale yet and is believed to be the top price ever paid for a beachfront apartment on the Gold Coast.
The sale of the two-storey Main Beach residence knocked the $7.5 million sale of a waterfront mega mansion from top spot.
That six-bedroom house fetched $7.5 million in January.
Kollosche director Michael Kollosche said the top sales proved the Gold Coast had defied the broader market downturn.
“There’s a lot more buyer activity at the top end and the Gold Coast is in pretty good shape,” he said.
Mr Kollosche, who marketed the Main Beach penthouse, said buyer appetite for luxury apartments was stronger than ever. He did not expect the apartment to hold the accolade for long.
“There is limited amount of supply and we are seeing a lot of activity around that sort of product,” he said.
“Given the activity around, I think it will get knocked from first place, but it might retain top spot for apartments.”
Mr Kollosche also sold the three-bedroom apartment on level five of the Sea building, which ranked eighth in the top 10 list.
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Ray White Prestige agent Matt Gates said the big sales at the top end put the Gold Coast in a good position for a strong finish to the year.
“It’s certainly encouraging, with good quality inquiries from not just local buyers but interstate and overseas. There seems to be a real confidence in the top end of the market,” he said.
Ray White Sovereign Islands agent Edin Kara sold a mega-mansion in Parklane Tce for $6.3 million earlier this year, despite the cooler market conditions.
“We sold it within two to three weeks of listing it,” he said.
“We did have a fair bit of interest. It was just a matter of achieving the right price.”
He said that for the first time in years, he had more buyers looking for properties over $5 million than he did under.
“That higher market is doing really well,” he said.
Ray White Prestige agent Jackson Paradise notched three of the top 10 sales including the $7 million sale of a Hamptons-style mansion in Southport.
He also inked the deal of a four-storey waterfront mansion and a palatial property that was once owned by real estate kingpin Max Christmas.
“I feel very confident that the prestige market will continue to growth from strength to strength on the Coast,” Mr Jackson said.
“It’s a great time to buy top quality, prestige properties in the best part of Australia.”
Other eye-watering sales at the top end of the Gold Coast market have been notched. However not all prices or off-market deals have been entered into property records.
Top 2019 Gold Coast sales
1. 7/3533 Main Beach Pde, Main Beach — $8.25 million
2. 311 Monaco St, Broadbeach Waters — $7.5 million
3. 1A Yacht St, Southport — $7 million
4. 45 Knightsbridge Pde West, Sovereign Islands — $6.98 million
5. 20-22 Parklane Tce, Sovereign Islands — $6.3 million
6. 1 Rowes Court, Sorrento — $6.2 million
7. 34 Admiralty Drive, Paradise Waters — $5.7 million
8. 5/3533 Main Beach Pde, Main Beach — $5.5 million
9. 79-81 Commodore Drive, Paradise Waters — $5.3 million
10. 5724 Observation Cres, Hope Island — $5.225 million