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Fastest selling Gold Coast suburbs

Competition for Gold Coast real estate is the hottest it has been in more than a decade with properties across the city reportedly being snapped up within days of hitting the market.

Agents across the Coast are reporting record attendance at open homes and auctions with multiple offers being made on quality properties in sought-after suburbs.

CoreLogic data shows the fastest-selling suburb is Pacific Pines where properties are changing hands 24 days faster in the three months to June than last year, with an average 21 days on market.

A five-bedroom house at 25 White Cap Close, Pacific Pines sold for $750,000 within 28 days on market.

Houses in Burleigh Heads are being snapped up in 23 days – 24 days faster than in 2019 – while the average days on market in Mudgeeraba was 25 – 11 days less than last year.

The super hot southern suburbs of Palm Beach and Tugun also featured in the top 10, while homes in Broadbeach Waters and Mermaid Waters are also selling quickly.

Leading buyer’s agent Jordan Navybox, managing director of Cohen Handler, said the Gold Coast market was the hottest he had seen since 2007.

He said his firm had seen a surge in requests from frustrated and desperate buyers asking for assistance to find a property and negotiate a sale.

“We’re hearing from lots of buyers who are missing out on properties in multiple offer scenarios or at auctions where there are 15-20 registered bidders,” he said.

A 1930s cottage at 50 Ewart St, Burleigh Heads sold for $1.35 million at auction following a 25-day campaign.

Mr Navybox said sale prices had jumped 10 per cent since COVID struck, which was catching out buyers who were basing offers on outdated prices.

“A lot of people use sales from six months ago, but property prices on the Gold Coast have increased by 10 per cent since the start of COVID,” he said.

“Buyers should be basing their price research on sales in the last 30-60 days.”

For those buyers wanting to get some skin in the game, the number one tip is to avoid a situation where you’re competing with multiple buyers.

“When you see a property come on the market that you like the look of, ring the agent and ask if you can see it privately that day,” Mr Navybox said.

“There are going to be 25 other buyers there on a Saturday, get in before them.”

A designer new build at 3 Lagoon Way, Mudgeeraba sold for $4.6 million within a week of being listed.

When it comes to auctions, Mr Navybox advises asking if the seller is in a position to sell today and start negotiations ahead of the auction.

“Waiting until the auction allows the agent three to four extra weeks to gather interest,” he said.

“Turning up at auction with your hand in the air puts you up against the competition.”

Buying in a hot market required different strategies, Mr Navybox added, with buyers advised to be guided by what the selling agent was telling you.

“If the agent says there are multiple offers on the table, in this market they probably are,” he said.

“When a property is listed for offers over on the Gold Coast, nine times out of 10 it will sell for over that price.”

Top 10 fastest selling Gold Coast suburbs

(Suburb / days on market 2020 / 2019)

Pacific Pines 21 (45)

Burleigh Heads 23 (47)

Mudgeeraba 25 (36)

Worongary 25 (45)

Palm Beach 27 (37)

Tugun 31 (38)

Broadbeach Waters 32 (56)

Highland Park 32 (30)

Elanora 33 (48)

Mermaid Waters 35 (65)

* Source: Core Logic April-June 2020

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Tallebudgera new build is Qld’s most popular house

15 Mary Bale Dr, Tallebudgera.

There’s a very good reason why leafy Tallebudgera is among the top suburbs online house hunters are honing in on.

Less than 10 minutes after rinsing the sand off your feet at the beach, you can be stepping into the privacy of a peaceful bush setting.

Open plan living areas open onto a timber deck with a bush backdrop.

Nestled on 4748 sqm, this newly built two-level residence at 15 Mary Bale Drive enjoys a north east aspect where the surrounding treescape can never be built out.

Brisbane-based RC Designs teamed up with Empire Homes to deliver the modern industrial design, which was the most-viewed Queensland property on listings site realestate.com.au this week.

A wide window in the master suite reveals a sea of green.

Over-size windows and sliding doors offer a green vista at every opportunity.

Soaring ceilings add to the sense of space in the open plan living areas with polished concrete creating a consistent palette throughout.

The 13m magnesium pool is heated for year-round use.

A 13m heated magnesium pool allows for year-round swimming while bushwalking is an everyday option in the adjoining koala reserve.

“The floor plan, attention to detail and choice of high quality finishes really stand out,” said Ray White agent Karyn O’Dea, who is marking the property.

“The way in which they’ve combined nature into a practical, modern design is very appealing.”

The property is open for inspection on Saturday, 19 September, 11.30am-12pm while expressions of interest close on September 21.

The modern industrial design is drawing attention online.

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Huge sale a positive sign for market

Realo profile

Real Estate Central agen Tom Kiem made his highest sale recently in his short two year career so far. Picture GLENN CAMPBELL

A TOP End agent who recently made his biggest sale to date says the result shows Darwin’s property market is on the rise.

Real Estate Central sales professional Tom Kiem recently sold 43 Annaburroo Crescent, Tiwi for $720,000.

It was the highest sale of his short two-year career.

“This recent sale in Tiwi is a testament to our improving market,” he said.

Realo profile

Real Estate Central agen Tom Kiem made his highest sale recently in his short two year career so far. Picture GLENN CAMPBELL

“(It) is proof that values are increasing and buyers aren’t prepared to miss out on a quality home. With tough competition in the market who knows if they’ll get the next one, by the time another one comes up the values may have increased and priced them out of the market.”

Mr Kiem pursued real estate after a career in tourism and said he enjoyed the dynamic and ever-changing market, which was continuing to head in a positive direction.

“This year we’ve experienced the first two consecutive quarters of growth in over half a decade – with the third quarter following the trend,” he said.

“With the lowest ever interest rates plus the government incentives, buyer demand is very strong and continuing to strengthen.”

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Old meets new in spectacular fashion close to the coast at 4 Rowells Rd, Lockleys

4 Rowells Road, Lockleys. Supplied by Ouwens Casserly ReaI Estate.

A grand Lockleys property has been given a stunning transformation and is the ultimate family home, its owners say.

Adrian and Kelly Manera bought the property in 2010, attracted by it’s prominence, size and location in the heart of the western suburbs.

“It’s quite a unique property on this side of town and it was so visually spectacular and such a solid build on a large block of almost 1500sqm – it was the perfect place to raise our young family,” Mr Manera says.

4 Rowells Road, Lockleys. Supplied by Ouwens Casserly ReaI Estate.

“It gives them heaps of room to play and, being quite high up on the block and being fully fenced, it’s really safe and secure for the kids.”

The couple have renovated the home throughout, making it the perfect old-meets-new family entertainer.

“The exterior we haven’t touched – so the home is in it’s original state in that respect – but we’ve overhauled the kitchen which was a big task and we think is very special,” Mr Manera says. “There’s marble from Italy in there and the light fitting is Murano glass from just out of Venice which is just breathtaking. Then we’ve done some other things like painting, we’ve done up the backyard, laid aggregate at the side of the house – which has created a whole extra space for entertaining – all little aspects to make the home more contemporary and how we like to live our lives.

4 Rowells Road, Lockleys. Supplied by Ouwens Casserly ReaI Estate.

“We entertain a lot and, pre-corona, we would host more than 100 people here easily and we’d have all the kid’ birthdays and special events here and the home is great for that.”

The home has up to five bedrooms – the master suite on the upper level and complete with a dressing room, a study and an ensuite. The other four are on the lower level, where you’ll also find a formal lounge, a family bathroom, a laundry and an open-plan kitchen, dining and family room that opens to a covered outdoor entertainment area that overlooks the rear yard.

“The 3.6m ceilings make the already large rooms seem even more spacious,” Mr Manera says. “We can have family and friends over and the adults can be in one wing of the house and the kids can be outside playing or eating in another area of the house, but you can still easily keep an eye on them.

4 Rowells Road, Lockleys. Supplied by Ouwens Casserly ReaI Estate.

“The entrance – we put an outdoor setting out there and we’ll read the paper and have breakfast there because it’s so peaceful, and we’d start our Sundays that way.”

Mr Manera says the couple were careful to hold true to the spirit of the house and make sure any renovation they did did it justice.

“You have to be very mindful of that – because the house is so old and such an iconic property for this side of town – everyone I bump into knows the house I live in – so you don’t want to be the couple that stuffs it up. So that was always on our mind, but in saying that, I think we’ve got pretty good taste and our finger on the pulse with what looks nice.”

As much as they’ve loved the home, Mr Manera says the time has come to move across town to be closer to family.

4 Rowells Road, Lockleys. Supplied by Ouwens Casserly ReaI Estate.

“To try and get something like this again is going to be near impossible,” he says.

“Plus, being close to the beach, the city and having the airport just up the road, because we travel a lot – it’s just such a fantastic location.

“It’s a lovely home and I hope whoever buys it has a great life here. I’d love to see a family buy it and see them grow up here over decades and really love what it has to offer.

“We’ve got fruit trees down the side of the house – mandarines, plums, lemons, olives, figs – my daughter can look out her window and see when the fruit’s ripe on the tree. That’s pretty special.”

4 Rowells Road, Lockleys. Supplied by Ouwens Casserly ReaI Estate.

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4 Rowells Road, Lockleys. Supplied by Ouwens Casserly ReaI Estate.

4 Rowells Rd, Lockleys

Contact agent for price

Agent: Ouwens Casserly Real Estate, Dianne Ladhams 0419 818 461, Darren Ladhams 0412 615 953. Land size: 1448sqm. Offers: Close Tuesday, October 6 at 2pm.

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If only the historic Blue Bell Inn’s walls could talk

26 Somerville Street. Sorell. Charlotte Peterswald.

26 Somerville Street. Sorell. Picture: SUPPLIED

THIS magnificent mid-1800s dwelling has carved its place in Tasmanian history.

Lauded as the most historically significant building in Sorell, it is one of only a handful of Italian-Georgian buildings in Hobart.

Heritage listed and located within a quiet street of Sorell, the property is minutes’ drive from the Hobart Airport or 20 minutes to Hobart’s CBD. Richmond and the Coal Valley’s wine region is on its doorstep.

Opportunity abounds here in this grand residence while glimpses of the home’s rich, colonial history are found around every corner.

It has high ceilings and polished timber floors, with a combination of Tasmanian oak, cedar, Huon pine and blackwood held together by handmade convict nails. There are ornate mantles, decorative cornices and functioning fireplaces throughout.

26 Somerville Street. Sorell. Charlotte Peterswald.

Hello there. Come right in.

26 Somerville Street. Sorell. Charlotte Peterswald.

Every room has wow factor.

On entry, a guest reception with magnificent woodwork provides passage to the dining room, once serving as the Blue Bell Inn’s original bar.

The sub-floor cellar, spanning the length of the room below, has its own private entrance from the street.

There are three generous bedrooms on the lower level, each with an ensuite or private bathroom, and one featuring a spa. The first floor, via the central staircase, features three bedrooms, each with an ensuite.

A majestic ballroom provides opulent living space for guests.

26 Somerville Street. Sorell. Charlotte Peterswald.

Sophistication and style.

26 Somerville Street. Sorell. Charlotte Peterswald.

So gorgeous!

Ascending another staircase, the expansive attic offers an abundance of space to develop into additional rooms, or to use for storage. Returning to the ground floor, the garage has been stylishly repurposed into self-contained accommodation with a luxurious bathroom featuring a French bath and an open shower, a large bedroom with a walk-in wardrobe, an office and a loungeroom.

There is a new commercial kitchen equipped with a five-burner gas stovetop, industrial oven, dishwasher, plus a stainless-steel island bench with an in-built fridge.

The grounds of the historic estate have been extensively landscaped.

Fruit trees dotted throughout complement blooming florals.

Modern upgrades for contemporary living have been carried out without disturbing the property’s old-world charm and character, including rewiring for three-phase power requirements, wool carpet and plumbing.

26 Somerville Street. Sorell. Charlotte Peterswald.

It’s a stunner.

26 Somerville Street. Sorell. Charlotte Peterswald.

Warm and welcoming.

For more than 150 years, this impressive residence has housed magistrates, WW1 soldiers, seen convicts granted their freedom, acted as a maternity ward and hospital and a bed and breakfast.

No.26 Somerville Street, Sorell is listed with Charlotte Peterswald for Property and priced at $1.1 million-plus.

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Buyers urged to get a move in if they want to be in a new home for Christmas

Sold – 12 Karuah Rd, Turramurra.

If you have been thinking about finding a new home in time for a socially distanced Christmas celebration, you might want to get serious.

Because there are now just 92 days until Christmas Day.

“There is no time to waste,” said Tim Fraser, of Di Jones North Shore – Wahroonga.

“If people want to be in for Christmas they need to be looking now. And if they find something they like, snap it up.”

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Although numbers have improved since the start of spring, the upper north shore is still feeling the pinch of a stock shortage.

More buyers are expected to join the hunt in the weeks ahead, looking to position themselves close to upper north shore private schools well in time for the start of the 2021 school term.

“It happens around this time every year,” Mr Fraser said.

“It means that the good properties in the prime positions go very quickly.”

12 Karuah Rd, Turramurra.

Love it!

A good example of this was Mr Fraser’s fast sale of 12 Karuah Rd, Turramurra.

The luxury tennis court estate was supposed to go to auction this weekend, but lasted only 14 days on the market before a buyer made the long-term owners an offer they couldn’t refuse.

Mr Fraser said he could not comment on the sale price, however it is believed to have sold for around the $6 million guide.

He did confirm it was the top price paid in Turramurra for 2020.

Whether it is a street and suburb record won’t be known until settlement, and it’s anyone’s bet. The street record was set in 2019 with the sale of 4 Karuah Rd for $5.7 million, according to CoreLogic.

The suburb’s residential sale record sits at $6 million, set in 2016 with the sale of 41 Ku-ring-gai Ave.

The result is sure to bolster Turramurra’s already strong performance in the patchy Sydney market.

A lot has changed in Turramurra in that time. Ten years ago the median house price was $1.035 million. That has more than doubled to $2.105 million in 2020.

According to realestate.com.au’s latest Market Trends report, the suburb’s median house price has grown by 14.4 per cent in the past 12 months.

COOKING UP A STORM

Newly minted and rebranded McGrath St Ives agent Daniel Cook has wasted no time in making his presence known under his new banner.

In his first week he made three sales, two of them in the same street.

No. 25 Athena Ave, a five-bedroom house on 980sqm sold for more than its $2.35 million guide, while up the road, No. 38 Athena Ave, sold for more than it’s guide of $1.9 million.

“Both of them sold above their guides prior to auction,” Mr Cook said. “Buyers are still complaining about the lack of stock and they are moving quickly when they can find something.”

25 Athena Ave, St Ives.

38 Athena Ave, St Ives.

Mr Cook completed the trifecta with the sale of 1 Ross Place, North Wahroonga, for an undisclosed price. All three sales were negotiated by Mr Cook and his colleague Michael Crawshaw.

The newly branded agency continues the partnership between Mr Cook and his father Mark Cook.

Between them they have decades of local real estate experience – spanning 30 years for Mark, and 17 years for Daniel.

Their early success will no doubt be music to the ears of McGrath founder and executive director John McGrath.

“We have long regarded Sydney’s northside as aspirational with a wide appeal to families wanting to experience a lifestyle in areas that offer great recreational facilities, yet be close to schools and other important infrastructure,” Mr McGrath said.

“The St Ives region we believe has great appeal with its distinctive village vibe, deep sense of community in a beautiful leafy setting, and importantly has the opportunity for capital growth over the next few years.”

RESERVE TUMBLES



The upper north shore notched up another strong auction clearance result last weekend of 84 per cent, with agents reporting big numbers and strong prices.

Carole McCrea, of McConnell Bourne, sold a four-bedroom family home at 35 Kippara St, West Pymble under the hammer for $390,000 above reserve.

35 Kiparra St, West Pymble.

The two-storey home was given a reserve of $2.05 million, eight bidders registered for a chance to buy.

After an intense bout of bidding, the property sold for $2.44 million.

Ms McCrea said there had been strong interest in the property, with 160 groups inspected the property in the lead-up to the auction,

“The eventual selling price was an added bonus to a very efficient campaign,” she said.

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Geelong’s fastest-selling suburbs reveal buyers demand for property

Fastest-selling suburbs

Adam Colless is an investor who has recently updated his property at 1/28 Brayshay Road, Newcomb to sell. It went on the market this week and has already attracted 10 groups to inspections. Picture: Glenn Ferguson

Middle ring suburbs Newcomb and Herne Hill have joined inner city hot spots among Geelong’s hottest markets for houses.

New data measuring the city’s fastest-selling suburbs show homeowners in these areas are finding a buyer up to twice as quick than before the first COVID-19 lockdown in March.

Houses are moving fastest in Newcomb, where houses sell in a median 18 days, according to realestate.com.au time on market figures over 12 months to September.

That compares to 38 days recorded in March.

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Geelong, Grovedale, Herne Hill, Geelong West and Belmont were the next quickest, selling between 26 and 34 days, as time on market was cut in 17 suburbs.

Homeowner Adam Colless, who spent six weeks updating a Newcomb property ready for sale, got an immediate reaction from buyers this week.

“We gave it a full makeover, fixed it all up inside, all the accessories, new lights, painting, we pulled up the carpet and polished the floorboards,” he said.

“We’ve put in all new turf and fixed up the gardens.”

1/28 Brayshay Road, Newcomb, has been listed with a $439,000 to $469,000 price guide.

Buxton agent Tony Moorfoot launched 1/28 Brayshay Road, Newcomb on Monday and reported that 11 groups had inspected by Wednesday.

“I thought was a lot considering it was mid week,” Mr Colless said.

“That’s pretty good feedback from the outset.”

Also rising are “off-market” sales, where agents sell to their databases before listed publicly.

Barry Plant, Highton agent Kieron Hunter said the low stock for sale during the pandemic meant buyers were keen to act fast.

114 Weller Street, Geelong West, sold for $1.2 million after three days on the market.

“We’re up to one a week for the past six weeks,” he said.

“It’s the highest volume of off-market sales we’ve been doing. We used to do one a month.”

But the data shows properties took longer to sell in markets more reliant on buyers from Melbourne, including Lara and Norlane and expensive suburbs like Newtown and Barwon Heads.

Buxton, Newtown agent Ben Riddle said the pandemic highlighted how big a role Melbourne buyers — many absent due to the stage four lockdown — played in Geelong.

Four days: 41 Itkeston Street, Herne Hill, sold after four days on the market, CoreLogic records show.

“Stock from $500,000 to $600,000 is still finding competition, yet a house between $1 million to $2 million in Newtown is less likely to have that kind of engagement,” he said.

“There’s no question that Geelong interest can fill the cheaper price brackets quite easily, but we’re finding Newtown, Geelong West, East Geelong, especially the top-end stuff, is a lot more reliant on Melbourne interest than we actually thought.”

Fellow Newtown agent Tom Butters said people booking inspections had genuine intentions of buying.

First open: 61 McDougall Street, Geelong West sold for $595,000 after the first open.

“For example, Herne Hill property at the moment, we put them on the market and we have 25 groups who want to get through it straight away and they’re local,” he said.

“In between lockdowns, we would have had 50 to 80 people in a two-week campaign.”

McGrath, Geelong agent David Cortous said some buyers were purchasing sight unseen, but used building inspectors and buyer’s advocates, or families to inspect properties.

“People are buying sight unseen with the right information and the right processes in place,” he said.

1/1 Pitman Street, Newcomb, sold for $431,000 after 10 days on the market.

Geelong building inspector Graeme Boyd, who operates a Jim’s franchise, said business was up compared to last year, and he spent talking with clients starved for information.

“What we’ve discovered in past two years is we’ve got far more Melbourne buyers than we’ve ever had before and they all get building inspections,” he said.

“They’re asking me far more questions than about the condition of the building, it’s more like you’re giving them a general overview of the street, of the houses next door.”

Nine days: 44 Catherine Street, Geelong West, sold for $600,000.

Geelong’s fastest-selling suburbs

Suburb Median house price Median days on market (Sept) Median days on market (March)
Newcomb $456,000 18 38
Geelong $830,000 29 40
Grovedale $535,000 29 30
Herne Hill $557,500 33 42
Geelong West $700,000 34 54
Belmont $580,000 34 40
Charlemont $516,250 35 58
Curlewis $530,000 37 66
Hamlyn Heights $564,000 38 46
Lovely Banks $570,000 40 n.a.
Bell Post Hill $490,000 40 38
St Albans Park $441,000 41 36
Whittington $408,000 41 33
Marshall $488,000 42 53
Thomson $422,500 42 43
North Geelong $541,000 43 30
East Geelong $697,500 46 53
Winchelsea $480,000 48 54
Bell Park $493,000 48 45
Newtown $927,500 50 41
Armstrong Creek $530,000 52 64
Highton $715,000 54 44
Corio $375,000 55 55
Lara $555,000 57 45
Bannockburn $595,000 62 66
Clifton Springs $497,500 63 80
Jan Juc $935,000 64 48
Mount Duneed $580,000 69 57
Barwon Heads $1,025,000 72 41
Torquay $840,000 73 69
Point Lonsdale $932,500 74 61
Leopold $521,875 75 56
Queenscliff $911,250 83 120
Ocean Grove $744,500 89 71
Anglesea $992,500 92 61
Norlane $365,000 92 58
Drysdale $580,000 93 84
Teesdale $692,500 118 66
Portarlington $631,250 126 98
St Leonards $555,000 136 14
Lorne $1,555,000 167 119

Source: realestate.com.au. Data for 12 months to September, 2020

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Owner farewells Gordon estate after more than half a century

Owner Graeme Anderson is selling his home at 28 Nelson St, Gordon, after 55 years.

More than half a century has passed since Graeme Anderson stood in an auction room in the city to throw his hat in the ring for a sprawling estate in Gordon known as Trenayr.

But the 91-year-old remembers it like it was yesterday.

Mr Anderson and his wife Jean were living in nearby Pymble at the time, in a typical three-bedroom home.

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With four children in tow, the family home was bursting at the seams and needed more space.

He was hunting around the area when he came upon Trenayr at 28 Nelson St.

Owned by NSW Supreme Court Judge Martin Hardie, he was very keen on the property, if a little perturbed by the price guide of 50,000 pounds.

“The one I was selling (in Pymble) was about 22,000 pounds,” he said. “But I decided to go into town to the auction anyway. I put in the opening bid of 36,000 pounds.

“There were no other bids so it was knocked down to me for 36,000 pounds.”

Grand manor – 28 Nelson St, Gordon.

Original style.

With the deal done on the 3495sqm property, Mr Anderson was then faced with another challenge – calling his wife to tell him what he had just done.

“I was still in town and I needed to find a phone and I had a Dodge car so I drove to the dealer and said I needed a service, and could I also use their phone,” he said.

“I called my wife and said darling, I’ve just bought a house.

“Her first question was ‘does it have hot water?’.

“I said I wasn’t sure but that if it didn’t I would put in.”

Trenayr has been the Anderson family home ever since.

Mrs Anderson passed away in 2002, and with their children now grown and living in other areas of Sydney, the time has come for Mr Anderson to downsize.

The home has been lovingly maintained over the years but remains in largely original condition.

The dining space.

Family friendly.

About eight years ago, Mr Anderson (pictured inset outside his home) stripped the external paint right back to the original layer, and repainted it in that colour.

The engineer, who has held many different jobs over the years, including 10 years as chairman and managing director of Otis Lifts, has also added his own touches to the property.

He enlisted the help of his brother-in-law, architect Robert Woodward, who designed the famed El Alamein Memorial Fountain in Kings Cross.

The fountains Mr Anderson built over the pool.

Traditional gardens surround the home.

The dandelion-inspired design has become one of the world’s most copied, and won Mr Woodward the NSW Institute of Architects Civic Design Award in 1964.

Mr Woodward shared his designs for the fountain, as well as the New South Wales Parliament House Courtyard Fountain he created in 1983.

Mr Anderson spent years painstakingly recreating both fountains, which are installed above the swimming pool at Trenayr.

Interestingly, the pool was one of the earliest pools to be build on the north shore and is believed to have been build before 1939.

A cubby house was added in 1965 – the year the Andersons arrived – using packing cases from the Allis Chalmers Tractor dealership. It is one of the few buildings in Nelson St without a heritage listing, according to Mr Anderson.

With five bedrooms and four bathrooms, the home proved to be the perfect family home, and the family had no desire to move anywhere.

But Mr Anderson had started thinking about downsizing to his holiday home on the Central Coast when a huge storm hit the north shore late last year, damaging a stand of four massive trees at the front of the property.

All four trees had to be removed, and the front fence was rebuilt. For Mr Anderson it was a sign.

“It’s been home for such a long time, and there are so many memories,” he said.

“But it’s time to move on, and let someone else enjoy it. The house is without a doubt the prettiest house in Nelson St.”

McGrath Lindfield agent Glenn Curran and the owner of 28 Nelson St, Gordon, Graeme Anderson, outside the home.

The home is in original condition but has been lovingly maintained.

No other owner of the property has come close to owning the property as long as the Andersons. Judge Hardie came the closest – and he lived there for 14 years.

The property comes to market this week, with Glenn Curran, of McGrath Lindfield. He is selling the property by expressions of interest, with a guide of $8.5 million.

Mr Curran expects the property will attract a lot of attention from local and out-of-area buyers – especially families looking for a substantial estate they could put their own stamp on.

“It is one of the last remaining, untouched tennis court estates like this in the area,” he said. “It presents someone with a beautiful opportunity to do it justice.

“It’s original in its proportions and its layout on the block is perfect.”

Inspections will be by conducted by private appointment. For more details contact Mr Curran.

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Real estate boom is the toast of the town

Clare Valley real estate on fire

Justin and Rosalie Lodge with their children, Matthew, Isaac and Hugo outside their Clare home. Picture by Matt Turner.

BOOMING tourism and wine industries, and the recent coronavirus lockdowns, are driving the Clare Valley real estate market, with local agents reporting an increase in inquiries in the picturesque region.

Nutrien Harcourts real estate specialist Geoff Knappstein said many buyers had experienced a shift in mindset about how they wanted to live, and were now considering living further out from the city and working remotely.

“We’ve had a massive increase in inquiry from people outside of Clare looking to buy in our region,” Mr Knappstein said.

“It’s a very constant market up here. We’re not far from Adelaide and you’ve got everything up here – plenty of wineries and restaurants. It’s just a good place to be.

“There are some people who live in Clare that make a daily commute to the city for work, because if you’re coming from Sydney, a two-hour trip is nothing.”

Mr Knappstein said the region’s agricultural market was particularly strong.

“We’ve got more buyers than properties and these properties go very quickly,” Mr Knappstein said.

Realestate.com.au data shows the Clare and Gilbert valleys have historically demonstrated slow and steady price growth, with houses up by a moderate 2.8 per cent over the past year, 4.4 per cent over the past three years, and 3.9 per cent over the past five years.

Of the 150 sales in the region over the past 12 months, the median sale price was $277,500. Houses commanded a median weekly rent of $280 and delivered a rental yield of 5.43 per cent.

Clare Valley real estate on fire

Happy homeowners Justin and Rosalie Lodge with their children, Matthew, Isaac and Hugo outside their Clare home. Picture by Matt Turner.

Ray White Clare Valley principal Mark O’Meagher said, in light of recent lockdowns, many buyers were keen to get out of the suburbs and into a rural community.

“We’ve seen an increase based purely, I think, on people feeling safer in a regional area,” he said.

“Inquiries have increased dramatically since April and May, and we’re also seeing a massive increase in land sales on the back of the recent government grants.

“We’ve also seen a lot of city-dwellers and interstaters buying sight unseen because they’re impressed by the dollar value.

“For some of them, it was a move they were going to do years down the track, but then with the recent COVID impact, it’s brought that decision-making process forward.”

High school teacher Justin Lodge and his family bought a home in Clare five years ago and said they loved the region. “We were able to buy a four-bedroom home in a place for us that was pretty much perfect, and our mortgage repayments are actually less than what we were paying in rent prior to that – and that was even with us being in subsidised teacher housing,” Mr Lodge said.

“That fact alone was probably enough to give us the impetus to buy.

“We were from the Adelaide Hills and to get what we have here back there would have cost us more than $100,000 more.

“Plus Clare is a nice town to live in, with lots of young families.”

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Bronte home of GenesisCare founder Dan Collins and his wife, Cassandra, sells for about $16.5m

14 Mirimar Ave, Bronte. NSW Real Estate.

It passed in on the weekend on a vendor bid of $16.5m, but the amazing Bronte home of cancer specialist GenesisCare founder Dan Collins and his wife, Cassandra has now sold.

PPD Real Estate principal Alexander Phillips couldn’t comment on the sale price of the five-bedroom, four-bathroom home with five-car garage at 14 Mirimar Avenue.

“The vendors are very happy with the price, and are looking forward to moving to Los Angeles,” Phillips told the Wentworth Courier exclusively.

Along with a PPD Instagram post, another has been posted from Ray White TRG advising of the sale. Sources said TRG agent Evan Williams was also linked to the deal.

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The heated saltwater pool.

Sitting high on the hill.

With its amazing ocean views, lavish finishes, lift and five-car garage, it was evident the home, which had three registered parties at last Saturday’s private auction, wasn’t going to be hanging around on the market too long.

There’d been three registered parties on Saturday, with one an entrepreneur who’d come back for a second look at the property on auction day.

Phillips wasn’t quoting a guide during the short campaign, but was using the suburb record of $17.9m — set on July 7 — and last June’s previous top of $16.8m as reference points. There’d been hopes this home may beat the record. But the rumour on Saturday was that the reserve had been set at around $17m.

Ocean panorama

Views in every direction.

At Saturday’s auction, when auctioneer Clarence White called for bids, someone tried to make a lowball offer, which was rejected.

Dan and Cassandra Collins had purchased the home for $14.5m just four years ago.

If anything was going to beat the price that green energy entrepreneur Carl Prins and his wife, Kate, paid in Gardyne Ave on July 7 in an off-market deal — also through Phillips with Ray White TRG’s Oliver Lavers — this had looked to be it.

It truly is a special home, with far superior views than the Gardyne St property.

The wine cellar had room for 706 bottles.

The five-car garage was a major attraction.

For the Wentworth Courier House of the Week, Cassandra confirmed she and her husband had just finished 18 months of renovations, but are now moving to the US after GenesisCare’s $1.6 billion purchase of 200 cancercare centres there.

We’ve made it our dream home, but of course nothing is ever really your forever home” she’d said.

The Mirimar Avenue home was previously owned by Peter Scutt — founder and CEO of Mable, an online service to help the aged or disabled find support workers — and his wife, Nadia Jacob, the founder and director of CrEight, which specialises in residential design.

They rebuilt an old apartment block — bought for $3m in 2013 — to create this incredible new home that was snapped up by Collins in an off-market deal via Pauline Goodyer of Goodyer, who’s now selling Scutt and Jacob’s next home in 22 Thompson Street with a $14m-$15m guide.

The post Bronte home of GenesisCare founder Dan Collins and his wife, Cassandra, sells for about $16.5m appeared first on realestate.com.au.