Olympic gold medallist Steve Bradbury is renowned for his good timing, so it is perhaps not surprising that at the height of Queensland’s property boom his former weekender on the Sunshine Coast has hit the market.
For the uninitiated, Bradbury is a speed skater who won gold in the Salt Lake City 2002 Winter Games – the first for Australia at the Winter Olympics – after his four rivals collided just ahead of the finishing line, clearing the way for Bradbury to skate into first place, alone.
Brisbane-based Bradbury is hoping to repeat his good fortune with the sale of his Kings Beach apartment, at what he no doubt hopes will be the peak of the Queensland property boom.
And given the timing, the recent $2 million asking price has been revised to more than $1.8 million by Danelle Wiseman, who has listed it with her husband, Jonathan Pattinson of Better Homes and Gardens Real Estate.
A sale at the reduced asking price would more than double the $855,000 Bradbury’s investment company paid for the four-bedroom spread in 2011 when it was purchased as a weekender for the family.
Set in a block of 12 called Kings Palazzo, one street back from the beach, it has been used as an investment in more recent years, leased for $750 a week.
It hit the market as apartment values in the broader Caloundra area were at a median high of $660,000, having soared 26.9 per cent in the 12 months to March, according to Domain figures.
Bradbury’s name has become synonymous with good timing thanks to the famed moment in Australia sport 20 years ago when his name became part of the Aussie vernacular as “doing a Bradbury”.
Last year, he launched a boutique beer called Last Man Standing with co-owners Damian and Stephen Prosser, sons of the late Australian rugby union player Roy Prosser.
Article source: www.domain.com.au