This Chris Clout-designed Gold Coast home is Queensland’s top auction sale of the week.
Queensland’s biggest EOFY sale has been on the Gold Coast this weekend with buyers instructed to ‘disregard all previous pricing’ at the auction of a Chris Clout designer home once listed at $10.8m.
“Pacific’ at 662 Pacific Pde, Tugun
The palatial four-level house at 662 Pacific Pde, Tugun was named one of Queensland’s top 50 homes by The Courier-Mail in 2020 and has tested the market several times before Michael Kollosche of Kollosche Broadbeach and auctioneer Justin Nickerson took the property to auction on Friday.
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An enviable outlook.
“Seller purchased elsewhere, this property must be sold. Disregard all previous pricing,” the Kollosche listing stated ahead of the auction which attracted five registered bidders.
The property sold to UK expats for $9.1m and they will use the property as a holiday home.
READ ABOUT THE AUCTION HERE
The sale was $1.7m below last year’s asking price but even so, it was enough to break the previous suburb record by more than $2m, confirming that Tugun’s beachfront precinct is emerging as the Gold Coast’s next ‘Millionaire’s Row”.
“As Mermaid Beach’s prices start to get out of reach for most people, these areas are now becoming incredibly valuable,” Mr Kollosche said.
Michael Kollosche at the 2022 Australasian Real Estate Conference on the Gold Coast in May.
“And if you had to rebuild that home it would take the best part of two years.”
Mr Kollosche said there were still plenty of homes that would fetch prices from $9m to $20m in Tugun.
“They just don’t come up that often.”
In other auction news, seaside glamour has also sold on the Sunshine Coast this weekend with the $6m sale of a beachfront apartment at Noosa.
Absolute Laguna Bay Beachfront. Agent: Tom Offermann of Tom Offermann Real Estate; Auctioneer: Gordon McDonald
One of only 36 three-bedroom apartments on the beachfront, 101/5 Hastings St, Noosa Heads attracted six registered bidders.
The view from 101/5 Hastings St, Noosa Heads.
In Brisbane, the inner-north and western suburbs saw strong sales results for sellers with a St Lucia home making $2m for its owners in 10 years to sell for $3.5m.
22 Seventh Ave, St Lucia. Agent: Vern Gilbert, Plum Property; Auctioneer: David Holmes
While a five-year-old Grange house sold for $2.5m, a record for a home on 607sq m or less in the Grange.
The auction of 12 Agincourt St, Grange. Agent: Alistair Macmillan, Ray White Wilston; Auctioneer: David Treloar. Image: Ray White
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