Top Headlines Week 18, 2022
- Posted By David Brown
A private developer has lodged plans for a new high-rise development located on Chevron Island. The project is a 28-storey building that will comprise of 78 two- and three-bedroom apartments. The proposed project will be the tallest building on the street with most of the street being predominantly single-storey dwellings. Currently Chevron Island has no height limits on buildings under the current city plan. At a near by site plans for a 14-storey building which will comprise of 42 apartments are under way. Chevron One tower plans which will be a 40-storey building on Stanhill Drive, and a smaller 7-storey building located on the same street have been approved. It is clear that developers have not been scared off by the slowing of the market and the upcoming headwinds. They believe the market will be just as strong when the projects are complete in the years to come.
After holding on to the property for two decades Australian TV legend Ray Martin is selling his Sunshine Coast holiday home for 10 times what he paid for it. The former 60 minute presenter bought the land back in 2001 for just $250,000 and built a four-bedroom, five-bathroom townhouse. The property is located in the exclusive The Lakes Estate, and has just settled for $2.65 Million. The two-level home has an open planned living design on the first floor, with a family room, and cinema. The courtyard in the middle of the townhouse and a large terrace at the back which overlooks the lake brings you closer the nature. The home has been renovated in recent years so it presents well and is quite spacious. Martin and his wife, Dianne intend to spend more time with their family in Sydney, hence the sale of this property.
A Gold Coast couple have made a major profit as they bought just before the pandemic hit Australia. Making a massive profit of $1 Million in just two years. Chris and Kim Gordan had their new Burleigh Heads home settled in January 2020, just days before the first known case of COVID-19 in Australia. They paid $1.65 Million for their new-built two-level home. Last week they sold the same property for $2.605 Million. The property was sold to a Sydney buyer who matched the seller asking price of $2.6 Million. With the upcoming election and the rise of interest rates, the Gold Coast market has begun to slow. There is no doubt that in the coming months the market will once again pick up but not at the crazy rates we have just experienced.
Sitting atop of Tamborine Mountain this stunning home has hit the market for the first time in 15 years. The 43-acre property offers not one, but two homes with 180-degree views from Canungra valley to the Great Dividing Range. The property was originally apart of a thoroughbred stud farm but is exclusively used a private rural residential. The homes are elegantly positioned to take advantage of the awe-inspiring views. “Every day you will feel like the last on earth to see the sun as it falls behind the ranges, displaying colours and visual tones which need to be seen to be believed.” Says the listing. The property was built back in 1974 but was given renovations that were completed in 2010. It also has a large entertainment area suspended over the property’s own private lake. The property also has it’s own tennis court, basement wine cellar, entire top-floor primary suite, and two fully fenced stable. This stunning property is definitely one of a kind.
The quiet suburb of Sunshine Beach has become Queensland’s first ever $3 Million suburb. New data has shown that during the first three months of 2022 alone prices have risen by $250,000. The median house price in Sunshine Beach last year was $2.087 Million, due to a record year of sales and growth it has now hit $3.25 Million, according to Domain’s March House Price Report. Over the past 5 years the suburb has grown a massive 195.5% or risen by $1.59 Million. It has now earned itself the title of the best-performing suburb in the whole nation. Sunshine beach is perched over the hill from Noosa Heads, and has become Queensland’s Byron Bay, attracting many of Australia’s wealthiest individuals. Impressive deals such as last year’s sale of a $34 Million home, which easily became Queensland’s largest sale. There is no telling what the future will hold for Sunshine Beach but if the last 5 years are anything to go off, Sunshine Beach is sure to continue it path of success.