Prestige Property Magazine
Welcome Home Edition 17 | February 2022
Property Market Continues to Shine Demand continues to sweep the Gold Coast throughout the start of 2022
T
he new year has begun and the summer selling season is well underway, fuelled by the red-hot demand of 2021 that saw staggering price growth with a 21.9 percent rise in property values across Australia, the highest on record. Recent data from CoreLogic predicts a cooling off on prices with a slight fall in housing values across Australia, the only exceptions being Brisbane, regional Queensland, including the Gold Coast, and Adelaide, where prices are showing no sign of slowing down just yet. For the Gold Coast factors such as flexible work arrangements, low interest rates, lifestyle demand and FOMO are still driving the market into the start of the new year, while the 2032 Olympic and Paralympic Games ensure continued growth and development to Brisbane and the coast for the years to come. The Gold Coast also remains a top destination for those looking to relocate.
After a surge of interstate migration throughout the last 12 months, it is expected that we will see more lifestyle seekers who were unable or hesitant to make the move during the last year with border restrictions, creating a new wave of demand for the coast in the early months of 2022. Although it is difficult to predict the future of property prices, the Gold Coast is currently in a strong position for more growth.
Summer Sales Success The summer selling season has shown no signs of cooling off just yet, with 61 Albatross Avenue, Mermaid Beach selling for $16,500,000 in a sale by myself and Harry Kakavas. 133 Hedges Avenue, Mermaid Beach sold in just 24 hours in an off market deal to a local family for $14,500,000. This is a record street price for a home on a single block and another sale by myself and Harry Kakavas.
181 Jefferson Lane, Palm Beach
181 Jefferson Lane, Palm Beach sold prior to auction, setting a new street price record, the highest recorded for Jefferson Lane at $8,275,000 in a sale by Troy Dowker. 27 Ocean Street, Mermaid Beach sold for $3,300,000 in a sale by myself and Eoghan Murphy and 2193/1 Lennie Ave, Main Beach, sold for $2,050,000 in a sale by Duncan Longmore. 2/49 Petrel Avenue, Mermaid Beach was sold for $2,022,000.22 in a sale by Tony Velissariou and Marco De Vincentiis. 1502/3575-3585 Main Beach Parade was promptly secured prior to auction for $1,800,000 in a sale by Rob Lamb and Sam Guo and Julia Kuo.
Rental Demand Rental demand has been on the rise throughout 2021 across Australia and with the constant flow of migration to Queensland, rental properties have become highly sought-after on the Gold Coast. Recent data from the REA Group's quarterly PropTrack Rental Report January 2022 found that rents were up 17 percent year-on-year for the Gold Coast. This high demand for rental property can also be seen by a decrease in days on market for listings. Nationally, the median days on market were recorded at a historic low of 21 days in December 2021, however the Gold Coast recorded only 14 days over the same period. New listings dropped 27.2 percent nationally during the month of December 2021, the lowest number since April 2010, with the Gold Coast and central
1502/3575-3585 Main Beach Parade
Queensland seeing a 10.8 percent decrease in listings.
133 Hedges Avenue, Mermaid Beach
Heavy demand for rental properties coupled with low interest rates shows that this is a prime opportunity for investors to meet the ongoing demand as the Gold Coast population increases. With more investors looking to purchase or develop on the coast, stock levels will most likely see a rise again in the coming year. At Kollosche, we have a portfolio of prestige rentals available with plenty of demand as an upside for investors. If there is anything our team can do to assist you this month, please do not hesitate to reach out.
2193/1 Lennie Ave, Main Beach
Michael Kollosche
60 Admiralty Drive, Paradise Waters
Views from Paradise This palatial property along Main River presents a rare opportunity to secure a private luxury lifestyle in the heart of the Gold Coast By Tessa Di Grandi
F
rom the moment you enter this property, you are greeted with a sense of grandeur. In the foyer an impressive high ceiling soars up past three levels adorned by chandeliers. This masterfully built home occupies a perfect north to water position with 1,094 square metres of prime land holding and 22-metre-wide water frontage along one of the most prestigious Main River locations on the Gold Coast. The views from this magnificent property steal the show with an impressive backdrop of river and sparkling city skyline that complement the meticulously designed interiors. Tones and textures blend with ornate sculpted ceilings, imported marble,
dramatic pillars and decorative paint finishes to create a sophisticated and eye-catching design that is dripping palatial elegance. The decision to purchase was made easy for the now vendors by a trifecta of enticing lifestyle features. "The views are absolutely mesmerising, the house is beautifully built and it is one of the best addresses on the Gold Coast." A superbly appointed Miele and marble open plan designer kitchen with a long scenic breakfast bar and butler's pantry spills out to the lavish ground floor living zone with expansive and inviting views. "It is so open and relaxing. It is the perfect place to sit and enjoy the views from the river to the city," say the vendors.
Each of the three striking levels boasts its own unique vantage point over the picturesque panorama. The first-floor master bedroom connects to a luxury balcony, while upstairs a soundproof cinema boasting an impressive bar connects to yet another large balcony with far-reaching views across the river, city and hinterland. "The balconies are so spacious and perfect for entertaining with the best views on the Gold Coast in front of you." Outdoors, a sprawling undercover kitchen and recreation area overlooks a riverside saltwater pool with lush surroundings. The ultimate spot to unwind and enjoy the dazzling light show of the city across the waterway.
A generous floating pontoon is a desirable addition for boating fanatics with space for 60+ foot cruiser while car enthusiasts can indulge in an impressive full size, pillarless basement with space for up to 10 cars. Paradise Waters promotes canal living at its finest within close proximity to Surfers Paradise city yet tucked away in tranquillity, surrounded by prestigious properties and walking distance to the beautiful Macintosh Island Park with cascading streams and teeming with birdlife. To inspect this property or learn more about the listing, please get in touch with Michael Kollosche on 0411 188 815 or Sam Guo and Julia Kuo on 0423 064 310.
Four Level Palatial Waterfront Luxury with Dazzling Views
60 Admiralty Drive, Paradise Waters Scan for Listing
Auction On-Site, Saturday 12 February at 5pm 5 1,418m2*
6.5
12
23m
1,094m2
Architectural ingenuity and attention to detail dazzle in this magnificent four level five-bedroom residence located on 1,094 square metres of prime land in the elite Paradise Waters. The chandelier enhanced foyer sets the stage, leading into the designer kitchen and lavish living areas, which
For Further Details Contact Sam Guo 0423 064 310 Julia Kuo 0402 668 885 Michael Kollosche 04111 888 15
spill outdoors to undercover poolside dining, outdoor kitchen and the large floating pontoon. Upstairs, a cinema boasts an impressive bar, connecting to yet another large balcony with far reaching views across the wide water, CBD and the Hinterland. Panoramic water views are superb, serene by day and magical by night when the city and surrounds present their glittering light show. Balconies and patios abound, accessed from elegant bedrooms and the magnificent primary suite with a dressing room and spa ensuite. Tones and textures blend with ornate sculpted ceilings while curves complement dramatic pillars and decorative paint finishes in this palatial property.*approximate
Exceptional 1,553m2 Main River Prestige Waterfront Estate
329 Monaco Street, Broadbeach Waters Scan for Listing
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Price $6,750,000 5
4.5
6
49.4m
848m2*
1,553m2
Unique architecture and grandeur unite with an elegant masterpiece made to embrace its prominent 1,553m2 Main River position. Along with a pontoon, jetty and almost 50m of prime waterfrontage, this 848m2* masterpiece shines with light-filled interiors that boasts ceilings that soar up to 10m high, as well as an intriguing mix of angles and curves. Multiple luxe living and dining zones await indoors and out, with the alfresco terrace ideal for catching spectacular
For Further Details Contact Michael Kollosche 04111 888 15 Jay Helprin 0407 894 775
sunsets or hosting guests. Indulge in the delights of the large pool with swim-up bar, along with a media room and rumpus room with skyline views. Five sumptuous bedrooms, 4.5 bathrooms and an executive office for the work at home professional also await, and you’ll benefit from a six car basement garage with a stately circular driveway and porte-cochere that heralds your arrival at this magnificent home.
*approximate
Build Your Dream Home or Development Current DA Across From Tranquil Tallebudgera Creek
7 Awoonga Avenue, Burleigh Heads Scan for Listing
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Auction On-Site, Friday 18 February at 10am 549m2
Positioned directly across from the crystal clear, calm waterways of Tallebudgera Creek and in the exclusive Koala Park precinct, a prime property opportunity awaits savvy developers. A 549m2 blank canvas that basks in beautiful coastal views, plans have been approved for 4 luxury apartments to grace this site. Created in conjunction with BDA Architecture, each full floor residence will range from 215m2 to 301m2, with alfresco areas that capitalise on the iconic outlook.
For Further Details Contact Michael Kollosche 04111 888 15 Jay Helprin 0407 894 775
All will boast 3 bedrooms plus study, 2 bathrooms and a powder room, multiple living zones and designer kitchens, equipped with flawless finishes and fixtures. A sought-after location, this is a natural wonderland where you'll find some of finest recreational and lifestyle amenities on the Gold Coast. Brimming with walking and jogging trails, outdoor parks and pristine, patrolled beaches, the key to a happy, healthy lifestyle is right on your doorstep.
*approximate
Prime Position, Exceptional Potential
8 Bullimah Avenue, Burleigh Heads Scan for Listing
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Auction On-Site, Friday 18 February at 10:30am 2
1
1
112m2*
549m2
Tap into the exceptional potential of a 549m2 block in coveted Koala Park, ready for you to build your dream home or beachside villa in a famed lifestyle location. Nestled just 50m from the foreshore of beautiful Tallebudgera Creek, this is your chance to create a custom home and life to love in a sought-after setting. Currently, an original 2 bed, 1 bath single level home sits on site, ready for you to capitalise on its prime position. Immersed in a natural wonderland, some of the finest recreational and lifestyle amenities on the Gold Coast await on your doorstep. From walking
For Further Details Contact Michael Kollosche 04111 888 15 Jay Helprin 0407 894 775
and jogging trails to pristine parks and patrolled golden beaches, all you need to feel health and happiness is right here. Families also flock to this stretch of coastline to enjoy paddle boarding, kayaking and fishing, with a nearby popular surf break for those who seek more adventure. For a change of pace, swap the coastlines for bushland, with the heritage-listed Burleigh Head National Park close by.
*approximate
Sold $16,500,000
61 Albatross Avenue, Mermaid Beach
Michael Kollosche 04111 888 15 michael@kollosche.com.au
Harry Kakavas 0401 379 248 harry@kollosche.com.au
The Pinnacle of Liveable Luxury
10 Clontarf Avenue, Sorrento Scan for Listing
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Price $3,900,000 - $4,200,000 4
4 + 2pdr
4
13m
543m2*
737m2
Exquisitely liveable luxury beckons with a modern masterpiece that expertly fuses high-end finishes with a welcoming warmth. Rising up from a 737m2 waterfront block and the recipient of a no-expense-spared renovation, the tone for elegance is set from the moment you step inside. Coco Republic lighting illuminates the fabulous foyer that showcases imported wallpaper from the Netherlands and blackbutt timber and engineered stone floors, while beyond, an expansive area
For Further Details Contact Brad Coyne 0420 588 866 Cooper Markovitch 0434 498 243
for entertaining or relaxation awaits. The Chef’s kitchen with Liebherr and Neff appliances is paired with an extensive butler’s pantry, while pocket slider doors peel back to reveal a seamless flow onto the waterfront terrace. Gather with guests here or enjoy the delights of the pool, sandy beach frontage or private pontoon. Along with a study, secure parking for four cars and multiple living zones on each level, the home hosts four generous bedrooms.
*approximate
Sold $14,500,000
133 Hedges Avenue, Mermaid Beach
Michael Kollosche 04111 888 15 michael@kollosche.com.au
Harry Kakavas 0401 379 248 harry@kollosche.com.au
"Secure and aware of Kollosche's recent sales in our area, we confidently engaged Michael and Jay as our agents to sell our family home of 55 years. The process was managed with personal care, informed detail, and comprehensive direction. With professional and supportive staff that guided our every step the desired result was achieved over the busy Christmas and New Year period. During the campaign we were continually asked if we were satisfied with the process steered by the Kollosche team and we had no hesitation in our high recommendations and praise for their efforts. We would like to thank the entire Kollosche team for their extraordinary personal attention from start to finish." - (Sellers)
Sold $8,000,000
187-189 Monaco Street, Broadbeach Waters Sold Under the Hammer
Michael Kollosche 04111 888 15 michael@kollosche.com.au
Jay Helprin 0407 894 775 jay@kollosche.com.au
Rare Property Opportunity in Main River's Most Exclusive Residential Enclave
11 McMillan Court, Southport Scan for Listing
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Contact Agent 4
3
2
22m
467m2*
1,577m2
It's renowned as one of the most tightly held, elite enclaves on the Gold Coast and now the exclusive opportunity has arrived to secure entry into this coveted location. Set against the backdrop of sweeping skyline panoramas that stretch from Broadbeach to Main Beach, this 1,577m2 East facing allotment is the ultimate property acquisition. Anchored on 22m of protected
For Further Details Contact Eddie Wardale 0408 881 678 Michael Kollosche 04111 888 15
and expansive Main River frontage, it affords you the rare chance to create a landmark luxury estate in one of Australia's most desirable dress circle locations. Perched within the prized TSS precinct, a well-maintained and welcoming four bedroom + study, 3.5 bathroom home currently awaits on this sprawling double block, trimmed with manicured gardens, alfresco terrace and sunny pool. Along with living and dining zones overlooking the water, it also hosts a modernised kitchen with acclaimed Gaggenau appliances, ensuring you could live comfortably here while *approximate deciding how to best maximise this property opportunity.
Recent Record-Breaking Sales By William Sarti
26 Hampton Court, Sovereign Islands
41 Royal Albert Crescent, Sovereign Islands
SOLD $8,700,000
SOLD $7,900,000
1674 Riverdale Drive, Hope Island
2216 Arnold Palmer Drive, Sanctuary Cove
SOLD $6,250,000
SOLD $5,640,000
Partner with William to Achieve a Premium Price for Your Property. William Sarti 0416 808 454 william@kollosche.com.au
Irreplaceable Modern Icon, Overlooking Main River
1 Durham Street, Southport Scan for Listing
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Contact Agent 4
4.5
8
726m2*
1,123m2
Rarely will you find a residence that so supremely epitomises unrivalled luxury and location. An irreplaceable icon on a 1,123m2 corner block in the sought-after Regatta Parade and TSS precinct, come home to a brand-new custom built masterpiece that basks in never to be built out skyline
For Further Details Contact Matt Lanyon 0402 669 933
and water views. Spanning Surfers Paradise to Broadbeach and overlooking Main River, this picture-perfect backdrop glitters at night, ready for you to revel in its beauty while entertaining on one of the two alfresco terraces. Make yourself (and your guests!) a cocktail from the wet bars that feature on each level, or soak up this iconic panorama from the luxe formal lounge with 4m ceiling and dual aspect, oversized picture windows. A view that follows you throughout the home, peel back the sliders and bifolds in the elegant living and dining zone to capture its charm, with even the *approximate gourmet kitchen and butler's pantry benefitting from this idyllic outlook!
Luxe Beachside Apartment Entire Floor Sub Penthouse
8/77 Jefferson Lane, Palm Beach Scan for Listing
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Auction On-Site, Friday 18 March at 11am 3
2.5
2
247m2*
Immerse yourself in a low-maintenance, luxurious lifestyle with a prestigious sub-penthouse that captures intoxicating 360-degree views. One of only 9 boutique, full-floor apartments and perfectly positioned on a prime northeast facing corner, '77 Jefferson' is the pinnacle of apartment living. A unique offering a mere 35m from the beach, panoramas that stretch from Surfers Paradise to Coolangatta and the Hinterland offer contrasting views from sunrise to sunset. By day, enjoy the beautiful, sunny vistas, with the glittering lights of the skyline providing a spectacular visual by night. Boasting a 247m2 floorplan and equipped with flawless finishes, revel in the coastal views from the
For Further Details Contact Troy Dowker 0409 057 087
designer kitchen, living and dining zone, with stacker doors peeling back to create a seamless flow between indoors and out. Fire up the BBQ for a long lunch on the ocean-facing terrace or simply relax here and soak up one of the most iconic views you'll find on the Gold Coast.
*approximate
Rare Waterfront Double Block in Surfers Paradise Featuring City Skyline Vistas
Lot 1 & 2/19 Vespa Crescent, Surfers Paradise Scan for Listing
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Auction On-Site, Wednesday 9 February at 1:30pm 27.1m
1,200m2
If you dream of building a luxury Gold Coast home, or two, on prime waterfront land, your dream is about to become a reality. Two vacant land parcels adjacent to one another, located within the highly sought-after Surfers Paradise, only minutes away from some of the Gold Coast's
For Further Details Contact Claire Dai 0432 318 746 Brad Coyne 0420 588 866
most beautiful beaches, shops and entertainment, have just become available to purchase. Together, both blocks of prime North-east facing real estate boasts 1200m2 of land with 27.1 metres of water frontage. However, if you'd prefer to purchase just one block, they measure 600m2 each, with 13.6 metres and 13.5 metres of water frontage respectively within close proximity to Main River and featuring stunning city skyline vistas.
*approximate
27 Namatjira Court, Broadbeach Waters
15 Palmetto Court, Broadbeach Waters
ST RE E T RE C ORD
ST R E E T R E CO R D
SOLD $5,415,000
SOLD $4,900,000
2021 WRAP UP 1901/60 Marine Parade, Coolangatta BUILDING R E CO R D
SOLD $3,450,000
11 William Street, Mermaid Beach ST R E E T R E C OR D
SOLD $3,150,000
Total Sales:
$83,000,000 Families Welcomed Home:
34 Average Sale Price:
$2,305,000 28 Emu Court, Sorrento
2/19 Havana Key, Broadbeach Waters
SOUTH FAC IN G L A ND R E CO R D
VI L L A R E C OR D
SOLD $3,100,000
SOLD $2,450,000
Auction Clearance Rates:
87%
Consistently Setting New Benchmarks Across The Gold Coast A seamless sales approach, innovative marketing and senior experience in negotiation has seen J amie Harrison's rise to the top as one of the Gold Coast’s top agents. Passionate about exceeding expectations and delivering a dedicated sales service, Jamie is acutely aware integrity and transparency are critical in nurturing strong client relationships. Backed by a robust career of frontline sales, as well as a formidable track record since switching to real estate in 2015, Jamie has continually achieved outstanding results – often selling houses in record time after they previously struggled to sell. Underpinned by his expertise and highly targeted digital marketing strategies, it offers vendors peace of mind knowing their most valuable asset – their home – is in safe hands. Jamie Harrison is highly sought-after and qualified to offer comprehensive market advice and provide a seamless sales experience.
Want the best price for your property? Contact J amie on 0424 965 891 for an obligation free appraisal today.
Ryan's Recent Success Ranked in the top 50 agents in Queensland by REB, Ryan Ward has successfully transacted over $158,000,000 in luxury property sales for 2021. We thank our vendors for entrusting us to achieve the best results for their properties, and look forward to another outstanding year.
2021 WRAP UP Total Sales:
$158,517,500 Families Welcomed Home:
35 Average Sale Price:
$4,529,071 Average Days on Market:
21
159 Hedges Avenue
95-97 Hedges Avenue
M E R M A I D B E AC H
M ER M A I D B E AC H
SOLD $15,750,000
SOLD $15,500,000
297-299 Monaco Street
62 Admiralty Drive
B R OA D B E AC H WAT E R S
PA R A D I S E WAT E R S
SOLD $12,400,000
SOLD $10,500,000
Contact Ryan today for a confidential discussion. Ryan Ward 17 Southern Cross Drive CRONIN ISLAND
SOLD $8,888,000
0405 309 359 ryan@kollosche.com.au
ONLY REMAINING
ABSOLUTE BE ACHFRONT WHEN ONLY THE BEST WILL DO
Breathtaking 750m 2 Double Storey Penthouse 5 Ensuited Bedrooms with its own Private Pool and Lift Opulent 390m 2 Full Floor Residence 3 Ensuited Bedrooms 2 Living Areas plus Study
Construc tion Due to Commence Early 2022 3519 Main Beach Parade, Main Beach Harry Kakavas 0401 379 248 Michael Kollosche 04111 888 15
Luxury Coastal Apartments Hit the Market Four of the hottest new apartment project developments on the Gold Coast By Tessa Di Grandi
I
t is no secret that Gold Coast real estate has boomed over the last year and that there is a high demand for stock from both local and interstate buyers looking to secure a spot in the sun. Residential apartments, especially along the coastal strip, are an attractive option for owner-occupiers and 'downsizers' who typically desire larger floor plans of over 200m2. Popular features include spacious bedrooms, expansive living zones and resort style facilities. While escaping the burden of maintaining a large family home is a big driver, the modern 'downsizer' doesn't necessarily want to compromise on living space. Kollosche New Projects agent Andrew
Ramsey states that the demand for over-sized apartments is high, and that developers are taking this into account. "Developers across the coast are building new projects based on the demand for large apartments. They understand that those who are down-sizing do not want to compromise on size or luxury," says Andrew. "The opportunity to live in a luxury skyhome has never been greater, and these are exactly the type of properties we love to bring to our clients." The New Projects team at Kollosche currently have a number of prestige apartment project developments on the market ready to satisfy this demand.
ASPIRE Positioned at the southern end of Surfers Paradise, Aspire offers ultimate beachfront living within walking distance to an array of boutique cafes, restaurants, entertainment and more. Residents of Aspire will also benefit from resort style facilities, including an infinity pool, gym, steam room, infrared sauna, communal lounge, entertainment areas, BBQ area, meeting rooms, boardrooms, bike racks and outdoor shower facilities.
INFINITY Located on the corner of Surf Parade and George Street, right in the heart of Broadbeach, Infinity is only moments from the beach, lush parklands, and renowned world-class dining, shopping and entertainment precincts. Residents of Infinity will also have access to superior onsite facilities, including a 20 metre north facing pool and a state-of-the-art gymnasium.
YVES Yves, located on Mermaid Avenue, is just a stroll to Mermaid Esplanade and the beach. This luxury tower boasts exclusive resort style facilities with pool, gym, sauna, outdoor BBQ area and kids' play space with spectacular views and additional amenities on the level 24 rooftop terrace, with a private bookable dining space and residents' lounge for sunsets, drinks, and relaxation.
Aspire, Surfers Paradise
EMMERSON This boutique tower of luxurious residences at Kirra combines a classic beachside aesthetic with a thoroughly modern realisation for contemporary Kirra living. Emerson presents a thoughtfully considered collection of amenities for residents with a sun lounge, pool recreation deck and a bespoke-tiled oblong resort style pool. If you are looking to sell or would like any information on apartment listings, sales or new project developments we have in our pipeline, please do not hesitate to reach out to our team.
Emmerson, Kirra
Yves, Mermaid Beach
Infinity, Broadbeach
All images are artist impressions only Infinity, Broadbeach
Impressive Off-Market Sale Achieved by Kollosche Commercial This property was sold via an off-market campaign which was distributed to the Kollosche database. With such a high demand for freehold industrial properties, the site was sold within 48 hours of distribution. The property was contracted on a cash, unconditional basis. Currently there is a tight compression in the freehold industrial yields which can be attributed to the following key points; • Industrial Rentals: Currently the market is going through a phase of high rental growth, therefore the low yields being achieved are generally taking into account the potential growth and ability to increase the income through future market reviews or asset repositioning. • Vacant Possession Demand: The high demand for vacant possession industrial properties is driving the price growth in this sector. In general, a shortage in freehold sites presents an opportunity not only for a highly competitive selling environment, but also for favourable contract terms for vendors. 2022 will see continued growth in the industrial sector. With several industries who require industrial properties performing and set to continue performing extremely well, the demand for industrial properties will remain high throughout 2022.
HOW TO BEST POSITION YOUR INDUSTRIAL ASSET WITHIN THE MARKET: • Increase the rental via market reviews • Reposition the asset by capital improvements • Strengthen the covenants by negotiating higher security through increased bonds, personal guarantees and several other methods which will protect your asset
Tony Grbcic 0407 968 667 tony@kollosche.com.au
Adam Grbcic 0404 087 772 adam@kollosche.com.au
Address:
1 Cahill Court, Burleigh Heads
SALES ANALYSIS:
Land Size:
1,219m *
Passing Net Income:
$70,000
Passing Net Return:
3.5%
Building Area: 600m2*
Land Rate/m2:
$1,640
Sale Price:
Building Rate/m2:
$3,333/m2*
2
$2,000,000
*approximate
We encourage your call and Kollosche Commercial are happy to assist. To learn more, scan here
kollosche.com.au
Gold Coast’s Prestige Property Specialists
Riverfront Homes | Beachfront Properties Boutique Project Sales | Luxury Apartments Commercial Opportunities | Executive Leasing
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