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124 Commodore Drive, Paradise Waters.

Gold Coast Mayor Tom Tate and wife Ruth have sold the main river mansion they picked up at a bargain price two years ago on one of the city’s elite streets.

The sale of 124 Commodore Drive, Paradise Waters was announced on social media over the weekend.

Further details on the price or the buyer are yet to be revealed.

The two-level residence at 124 Commodore Drive enjoys a wide water position.

The Tates paid $3.55m for the five-bedroom residence on a point position in August 2018.

That price was $550,000 less than the property fetched in 2015 and less than the $4m paid in 2007.

The house, which sits on an 1105sqm site at the end of elite Commodore Drive, was marketed at $5.5 million in 2016.

The Tates first put the holding to market in January for $4.55 million in a move designed to cash in on the $9.4m sale of an adjoining three-lot riverfront site.

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Improvements have been made on the property, pictured here in 2018.

A fresh push was made in early June when the property was marketed as a “rare and unique opportunity to secure this landmark and iconic Paradise Waters north-east facing point position, arguably one of the very finest positions on the Gold Coast”.

Improvements have been made to the house which has an open plan design and a tropical resort-style feel with enviable views of the city skyline.

Commodore Drive is regarded as one of the city’s elite streets.

The north-east facing site boats 50m of wide water frontage with a pool, manicured gardens, and a sandy beach where a jetty and pontoon cater for boat owners.

The Commodore Drive property is the ninth the Tates have owned at Paradise Waters since 2002.

They retain an apartment in one of the Kings Row buildings near the entrance to Commodore Drive.

The sale is the latest in a string of strong deals along main river during the COVID-19 period as buyers at the top end of town show confidence in prestige property.

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Jennifer Lawrence has taken a multimillion-dollar hit on the sale of her NYC penthouse. Picture: Realtor/NYPost

After searching for more than a year, actress Jennifer Lawrence has finally found a buyer for her New York City penthouse,

The multi-level condo is at The Laurel Building on Manhattan’s 67th St., and was last on the market for around $16.6 million (US$12 million).

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The building where Lawrence’s penthouse is located in NYC. Picture: Realtor

The stunning marble kitchen. Picture: Realtor

That is far less than the $21.6 million (US$15.6 million) she paid for it, according to property records via the NY Post.

The sale was reported but not yet recorded, according to StreetEasy, so we don’t know its final sales price.

Views from the coffee table. Picture: Realtor/NYPost

The “Hunger Games” and “Silver Linings Playbook” star bought the unit in 2016 through a company purchase, but The NY Post was the first to report her as its owner in October 2019, after she keeping it secret for years.

Room to entertain multiple friends, once we’re over lockdown. Picture: Realtor

Her secret penthouse also has a TV outside to enjoy on the warm summer nights. Picture: Realtor

A key-lock elevator directly into the penthouse, which opens up to a two-level abode with 12-foot ceilings.

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The lavish penthouse comes with a three-bedroom, and 4.5 bathrooms set across 380 sqm.

It features a stunning outdoor space that includes an outdoor kitchen, built-in ping-pong table and several entertaining areas.

Jennifer Lawrence during her promotion of the ‘Red Sparrow’ movie in London, England. (Photo by John Phillips/John Phillips/Getty Images)

Inside, there’s a chef’s kitchen and an open dining/living room space divided by a two-sided limestone gas fireplace, with a hallway that separates the public and private spaces.

The 30-story building, which was built in 2005, features amenities like a paparazzi-proof garage, a concierge and a door man, a double-story gym with a lap pool, sauna, and steam room, and a double-height lounge, bike room and private storage.

What a view. Picture: Realtor/NYPost

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The Hollywood star also owns a flashy condo at popular celebrity hotspot in NYC at 443 Greenwich Street, which was built on the former bookbinding factory in popular neighbourhood of Tribeca.

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The houseboat docked at 5 Lock 5 Road, Paringa, is on the market. Pic: realestate.com.au

On the hunt for a home that offers a cruisy lifestyle away from the hustle and bustle of the city?

Water-bout a houseboat?

A five-bedroom watercraft docked just outside of Paringa at 5 Lock 5 Road on the Murray River is on the market with a $275,000 price tag.

Ray White Berri Barmera Loxton principal Greg Cram, who is marketing the vessel with Teri Wenske, said it could be used as a permanent residence, holiday home or investment property.

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It has easy care new floor coverings and has been freshly painted throughout. Pic: realestate.com.au

There are five bedrooms, each of which has a queen-size bed. Pic: realestate.com.au

“It’s currently used as a hire boat (but) there is a marina … so if somebody wanted to live on the houseboat full time they could,” he said.

“The current owners have had it for 20 years and they’ve done a lot of renovations to it.”

The two-storey houseboat has a range of ‘ferry’ impressive features, including multiple entertainment decks and modern interiors.

It has an open kitchen, living and dining area that flows through sliding glass doors onto an entertainment deck with a new barbecue, ice chests and outdoor setting.

Each of the five bedrooms have built-in cupboards and queen-size beds, two of which can be zipped apart to create four singles.

Two of the queen-size beds can be zipped apart to create four singles. Pic: realestate.com.au

It has a combined bathroom and laundry with two toilets. Pic: realestate.com.au

Last but knot least, there is also an 8.8m by 7.1m upper deck with new sun protection canopy, as well as a swim deck with ladder.

Mr Cram said it wouldn’t last long on the market.

“We’ve got really strong interest in it,” he said.

“They’re more business people who have been looking at it, we’ve had a lot of inquiries from Adelaide people as well.”

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Margaret Allnutt has sold the Aspendale home her family has owned since early last century. Picture: Wayne Taylor

A historic Aspendale property with its own boat building shed and slipway has sold to a high-profile sailing family.

The 1 Bowman Street home, believed to have housed Victoria’s first boat hire business, sold for an undisclosed figure at the top of its $3-$3.3m price guide.

The buyers were Stewart Rose — who campaigned to represent Australia at the 1996 Olympics and claimed a number of national titles in the sport including junior sailor of the year in 1996 — and his three-time Sydney Hobart Yacht Race-contending wife Kerryn.

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Vendor Margaret Allnutt’s family started the boat hire business on the edge of the Mordialloc Creek in 1938, with her late husband Dave building boats at the home from the 1970s.

Ms Allnutt will now downsize from the 1106sq m property that has 28m frontage to the creek, a slipway, boatshed, pool and pool house, a three-bedroom main house and a double-storey unit complex with another two residences.

Margaret Allnutt’s husband Dave built and maintained boats from the property in the 1970s. Picture: Wayne Taylor

The home comes with extensive water frontage to Mordialloc Creek.

“I keep pinching myself at the timing of it,” she said.

“But I couldn’t be happier, really. I got the price I wanted and people who will keep the house and will do some of the repairs that need to be done.

“I will miss looking out of my kitchen and lounge room windows and seeing the water and the boats, it is an ever changing scene.”

The view will be hard to farewell.

The everchanging panorama features numerous boats and a tranquil water backdrop.

The buyers are looking forward to maintaining the property’s boating heritage, with Ms Rose saying this would be their “forever home” and a wonderful place for them to teach five-year-old son William to sail a dinghy they have bought for him.

The main home has three bedrooms and has suited the same family for decades.

A pool and man-cave-like poolhouse were added to the home over the years.

“When you see a property like 1 Bowman come on the market, it’s so unique you know it’s a once in a lifetime opportunity,” she said. “And the history there is part of the appeal. But we’re also happy it will let us continue to explore our interest in sailing and boating.”

Buxton Mentone director Matthew Cox said it had been one of the most challenging sales of his career, with a number of government departments involved due to the waterway, as well as COVID-19 causing issues, but in the end three buyers had made offers.

A luxuriously appointed kitchen adds to the home’s appeal.

The pool house embraces the name on two fronts.

Mr Cox said a further six had abandoned plans as a result of COVID-19 biting their businesses.

“It was a real mixed bag including a developer looking to build multiple homes on site and people who were looking to change the zoning to have a bit of retail there,” he said.

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Steve and Josephine Hantos, with kids Liam, Matilda, Audrey and Oscar, are selling without a reserve. Picture: Tim Hunter

In the dollar-signs-in-their-eyes, flip and sell, asset-collecting world of the Sydney housing market, one family has decided someone else’s dream is worth more than their own wallets.

So they’ve put their Epping house up for auction without a reserve price.

It’s got an estimated value of about $1.5 million, but without a reserve Steve and Josephine Hantos would have to hand over the keys for as little as $1 if it is the only bid placed.

The couple want their four bedroom house to continue to be a home to happy memories, to “pay it forward” after getting lucky in business and investments. .

“We want the house to sell for a record price. Not a record high — the other way,” Mr Hantos said.

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The family have a sentimental attachment to the property after living there for 15 years and would be “sad” if it sold to a developer who knocked it down, he said.

“We want another family to come in and make it a home,” he said. “We’re hoping that doing this will draw more of that kind of buyer or even steer it toward a first homebuyer.”

Comparable sales near The Third Ave home were about $1.5m.

Selling agent Catherine Murphy of The Agency said she had never encountered a seller who tried this before.

Reserves are usually used to protect the sellers in the event of low bidding as it stipulated a minimum amount conditional for the sale.

But the lack of a reserve on the house on Third Ave will mean the sellers will be unable to negotiate the price or shape the outcome in anyway.

“The sellers are being incredibly brave,” Mr Murphy said. “No reserve means they have to accept whatever is offered, even if theoretically it’s just $1.”

The couple are throwing in their appliances as part of the sale.

The estimated value of $1.5 million is based on a normal selling campaign, comparing it to similar property sales, but the outcome of the auction would be impossible to predict, she said.

They’re also throwing in their Smeg appliances, including a fridge, dryer, washing machine and other household items, to sweeten the deal.

Mr Hantos said his family were moving to Beecroft but he felt sorry for younger families seeking homes. “I feel so bad for people starting out and trying to get in the housing market. COVID has made it even worse.”

Cooley Auctions director and auctioneer Damien Cooley will be calling bids on the property when it goes to auction August 22 and said the sale was getting people excited.

The couple have owned the home for 15 years.

“It’s going to be really interesting,” he said. “It means we’re selling regardless of what’s offered.”

But bidders may still have to be realistic because the level of competition would dictate the bidding, Mr Cooley said.

“If it’s going really low, if it’s $25 or something like that, I’ll be wishing I registered … but it’s definitely not going that low.”

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Elyse Knowles and Josh Barker are renting their South Melbourne terrace.

Model Elyse Knowles and partner Josh Barker, who were crowned 2017 champions of The Block, have put their South Melbourne pad back on the rental market.

The property power couple have listed their unrenovated investment property at 13 Mountain Street for $600 a week.

It’s a significant price drop from their previous asking rent of $690 and $650 since 2018, according to CoreLogic.

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Elyse Knowles and Josh Baker enjoy the beach with their dogs. Picture: Tim Carrafa

13 Mountain Street, South Melbourne is for rent.

The two-bedroom terrace is yet to be updated by Knowles and Barker, who recently moved to a 1960s Byron Bay beach house they bought for $2.3m last year.

They bought the South Melbourne pad for $1.42m before they left the city in May 2018. ASIC documents name Barker as the owner of the property.

Belle Property South Melbourne property manager Natasha Coulloupas said she could not comment on the listing or the landlords’ identities.

Inside the couple’s investment property.

The renovators haven’t yet updated the terrace.

Elyse Knowles has become a Myer ambassador since The Block. Picture: David Caird

But the agency is marketing the property as “immediately impressive with its high ceiling and wide hallway … drenched with natural lights and perfect for an easy and low-maintenance lifestyle”.

The property is also listed as pet friendly.

Knowles has modelled for major Australian companies including Myer, Aveda and Land Rover Australia since comedian Dave Hughes splashed out $3.067m on their Block creation in Elsternwick.

The couple bought 41 Cowper Street, Byron Bay.

Their Elsternwick creation on The Block was bought by comedian Dave Hughes.

The couple also launched their own construction company J & E Projects this year.

The South Melbourne terrace was listed for rent just before stage four lockdown restrictions were enforced on Melbourne’s property market, ending private inspections for prospective tenants.

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Sumeet Bagga and Vijaya Kumar won an exclusive tour of Brisbane developments, including Lume at Kangaroo Point, with Selling Houses Australia and Best On Show host Andrew Winter. Photo: Glen Male

NORTH Lakes couple Valentina Burgess and Carl Snowling have won $20,000 toward the purchase of their new home as part of Australia’s first Best On Show event to give cashed up buyers exclusive access to some of the best residential developments currently on the market.

Carl Snowling and Valentina Burgess will now decide whether to use the prizemoney to buy into one of the developments in the Best On Show event or donate the $20,000 to the Courier-Mail’s Children’s Fund.

Hundreds of Queenslanders applied to be part of the News Corp Australia initiative, in partnership with developers, builders and furniture retailers across Brisbane, with 100 buyers chosen to be part of the all day event, hosted by Selling Houses Australia and Love It or List It presenter Andrew Winter.

Camp Hill couple Sumeet Bagga and Vijaya Kumar were chosen to spend the day with Andrew Winter, visiting developments including Lume Kangaroo Point.

A $12,000 furniture package donated by luxury furniture retailers Coco Republic, was won by Kay Scott of Alexandra Hills whose last furniture purchase was 40 years ago.

Selling Houses Australia and Best On Show host Andrew Winter. Photo: Glen Male

“With an event like this normally, by 4pm you’ve lost them, but they were still here eight hours on, that’s massive,” Mr Winter said.

“I think others could look at this as a real opportunity and I think qualifying the buyers helps them as much as it helps the developers.”

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Renters could save hundreds by moving to nearby bridesmaid suburbs.

Tenants across Melbourne could save hundreds of dollars a week by moving to nearby bridesmaid suburbs.

And after a recent survey found many tenants financially impacted by the coronavirus crisis did not receive adequate rent reductions, moving down the road could prove a money saver.

Vastly different rents are on offer in the Mornington Peninsula, with houses in off-the-radar suburb Tootgarook leased at a $378 weekly median — far less than blue-chip Portsea, which costs 145 per cent more at $925 a week.

Realestate.com.au chief economist Nerida Conisbee said tenants might miss out on the beautiful Portsea home, but they’d still enjoy access to the beach, lifestyle perks and save big bucks by renting in a nearby bridesmaid suburb.

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A grand rental at 7 Wimbledon Court, Portsea is on the market for $1850 a week.

This smaller home at 55 Highbury Rd, Tootgarook has an asking price of $500 a week.

“In the knowledge that you’re probably never going to get the same price, you can enjoy some of the amenities that the blue-chip suburbs enjoy,” she said.

Closer to the city, rent jumped from $500 in Burwood to $950 for nearby Canterbury, while Flemington’s $550 median house rent was well below the $880 for Parkville in the inner north.

Hocking Stuart Yarraville director Leo Dardha said demand for Parkville rentals was strengthened by “flow on from Carlton.”

“(Parkville houses) are larger accommodation, therefore creating higher yield and capital growth,” Mr Dardha said.

“Flemington is heading further northwest, so there’s that density with more apartment markets.”

Time for a change?

There’s a four-bedroom house at 170 Liberty Parade, Heidelberg West that will set a renter back $700 a week.

While a three-bedroom home at 3 Killop St, Alphington is on the market for $850 a week.

In the inner-north, the average tenant in Heidelberg West paid $370, compared to $695 for nearby Alphington.

Collings Northcote head of property management Caleb Pikoulas said Heidelberg West represented great value, with new construction replacing old housing commission stock.

He said some buyers were put off by the slightly longer commute in the suburb, which was not on a train line.

In the unit market, Gardenvale’s median rent of $310 was almost half the $593 in affluent Brighton.

An average Kingsville unit cost $318, well below the $450 cost in Spotswood.

“Kingsville is populated with those older-type flats — that’s the No. 1 factor,” Mr Dardha said.

MELBOURNE’S TOP WANNABE ‘BURBS FOR RENTERS*

MEDIAN RENTS – HOUSES

Tootgarook, $378, 145% cheaper than Portsea, $925

Burwood, $500, 90% cheaper than Canterbury, $950

Heidelberg West, $370, 88% cheaper than Alphington, $695

Frankston, $380, 84% cheaper than Mt Eliza, $700

Hampton East, $620, 77% cheaper than Brighton, $1095

Richmond, $680, 76% cheaper than Toorak, $1198

Kensington, $573, 71% cheaper than Docklands, $980

Springvale South, $400, 65% cheaper than Waterways, $660

Flemington, $550, 60% cheaper than Parkville, $880

Cheltenham, $550, 60% cheaper than Black Rock, $878

MEDIAN RENTS – UNITS

Gardenvale, $310, 91% cheaper than Brighton, $593

Caulfield East, $320, 65% cheaper than Ashburton, $528

Albion, $283, 47% cheaper than Avondale Heights, $415

Ormond, $380, 45% cheaper than Brighton East, $550

Burnley, $350, 43% cheaper than East Melbourne, $500

Kingsville, $318, 42% cheaper than Spotswood, $450

West Footscray, $340, 41% cheaper than West Melbourne, $480

Huntingdale, $360, 41% cheaper than Chadstone, $508

Carlton, $370, 41% cheaper than Melbourne, $520

Box Hill, $395, 39% cheaper than Mont Albert North, $550

*Source: realestate.com.au

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jack.boronovskis@news.com.au

@jackboronovskis

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9 Hill Street, Clunes has hit the market following an impressive reno.

A landmark, hilltop residence is poised to shatter Clunes’ property price record after being reinvigorated by a renovation worth well above $1m.

McQueen Broadhurst director Kim McQueen said there were “very few properties of (Hillcrest House’s) calibre in regional Victoria”.

It’s accordingly priced at $2.68m — a figure that, if achieved, would see 9 Hill Street easily become the most expensive piece of real estate to change hands in the gold rush town, surpassing a 66ha Beckworth Court Road property’s $1,755,072 sale.

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The owners added an extension comprising 13,000 recycled hawthorn blue bricks.

A pergola made from timbers recycled from the old Port Melbourne pier is another addition.

The historic house in 2016, before it was renovated.

Ms McQueen said a rush of Melbourne buyers were already seeking to secure Hillcrest House as a permanent residence or holiday home — a trend she had seen in several historic Victorian towns since COVID-19 kicked in.

“It’s like the whole of Melbourne wants to move to the country,” Ms McQueen said.

“A lot of people have always dreamt of moving to the country, but they’ve never been able to because they work full time in Melbourne. Now many people will no longer be in offices five days a week, they can pursue that dream.”

The residence now features a luxurious and cosy interior.

Handmade light fittings are a design highlight.

The house features two AGA ovens, both worth about $18,000.

Clunes had the added benefit of being on a train line to Melbourne, close to Ballarat’s esteemed private schools, world-renowned for its annual Booktown Festival and so picturesque it was regularly used for film and TV shoots. The town is perhaps most famous for appearing in 1979 cult film Mad Max.

Ms McQueen said the town was also catching the attention of property hunters who had been priced out of increasingly expensive Daylesford.

She said Hillcrest House was “almost derelict” before the owners’ two-year overhaul, which involved restoring the original part of the property, adding a modern extension and landscaping the 3042sq m block.

The house was almost derelict when the owners took it on.

It features formal and casual living and dining spaces.

A comfortable bedroom.

The vendors sourced 13,000 recycled hawthorn blue bricks for the new wing, used recycled timbers from the old Port Melbourne pier for the pergola, and imported wrought-iron gates from France.

Two AGA ovens worth $18,000 each, Italian tiles, handmade light fittings, 100 per cent Scottish wool blinds that are “like blankets”, and hydronic floor heating are among other luxury inclusions, while solar panels and battery storage keep the home’s bills low.

The vast grounds feature a fruit garden that yields quinces, peaches, plums, nectarines, lemons, limes, oranges and apples, along with vegetable beds and a daffodil walk. They’re kept lush via an automatic sprinkler system that sources water from an on-site bore.

The house overlooks picturesque Clunes from a hilltop position.

A sleek bathroom.

The historic town of Clunes is increasingly catching buyers’ eyes.

Ms McQueen said the vendors — who owned leading Daylesford accommodation business Dayget, as well as an old Clunes pub — had called the double-storey “grand country house” home while renting out the top floor to holiday-makers.

There are living spaces, bedrooms, bathrooms and kitchens on both levels.

“The zoning is amazing,” Ms McQueen said. “It’s incredibly warm and cosy.”

Also on the market is a historic “station master’s residence” the vendors bought on eBay to save from demolition and transported to Clunes to run as holiday rental The Lodge under the Dayget umbrella.

This house at 4 Smith Street, Clunes, is on the market, after it was transported to the town from Williamstown.

The residence has functioned as popular holiday rental The Lodge.

The Smith Street house has a $690,000 asking price.

The 1904-built weatherboard was cut in half and driven about 135km to Clunes, where it was put back together over two weeks on a 1005sq m block at 4 Smith Street.

Owners James Hardy and Jack Hastings told the Herald Sun last year they then spent nine months renovating the three-bedroom house, retaining period charm in the form of stained-glass windows and doors, 4m-high ceilings, metal lacework, hand-carved fretwork and mantelpieces, cast-iron fireplaces and polished floorboards.

Belle Property Daylesford’s Angela Flowers has the listing with a $690,000 asking price.

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samantha.landy@news.com.au

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The Sovereign Islands mansion boasts spectacular views over the Broadwater.

OF all the luxury features inside their grand Sovereign Islands mansion, there’s one in particular the Jordan family will miss the most.

Bill and Muriel Jordan have put their family home of seven years on the market — much to the upset of their grandchildren.

The games lounge is well set up for kids and adults alike.

Come school holidays it’s game on inside the basement of the four-level residence where the games lounge is kitted out with pin ball machines, a darts board and billiards table.

But the all-time family favourite is a five-hole putt putt golf course with a spectacular outlook over the Broadwater to Brown Island.

The putting green is wisely positioned alongside the Broadwater.

Mr Williams, who is on The Sovereign Islands Gateway board of directors, is an avid golfer but it’s the grandkids who get serious on the green.

“Bill loves his golf but our grandson adores the putt putt course,” Mrs Jordan said.

“He always says he’s going to flog us but more balls end up in the water than on the green.”

The basement games lounge.

A builder by trade, Mr Jordan brought his piece of paradise to life on the exclusive island estate, with features including an internal lift, Hollywood-style cinema, pool, 8-car basement and five spacious bedrooms.

The four-level residence is on the market for offers over $5 million.

The home, which is listed for offers over $5 million, has hosted many special occasions for the retired couple who plan to downsize.

“The grandkids keep saying, ‘But Nanny, why are you selling? We love this house!’” Mrs Jordan said.

“Sovereign Islands is lovely. We would love to stay in the area.”

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