Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Growth Sales Marketing Industry

Our Events


New Broker Academy 2022

The Adviser’s New Broker Academy aims to equip prospective brokers with the knowledge, skills and mindset to succeed...

LEARN MORE
VIEW ALL
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

Unfinished mansion sale highlights market strength

By Staff Reporter
25 November 2009 | 1 minute read

An unfinished Gold Coast residential mansion has been sold for $17 million.

The mansion on Hedges Avenue, Mermaid Beach, was purchased last year for $27 million by failed Brisbane information technology entrepreneur, David Tzvetkoff.

The property was sold to a Gold Coast businessman.

Knight Frank prestige agent James Hall said that multiple offers were received during the tender campaign from both national and international buyers for the property.

“The top end of the market has seen some good results over the past six months. This proves there’s depth to the market and interest has come from all over the place” Mr Hall said.

Despite the low price compared to the previous sale, co-agent Ray White Broadbeach’s Michael Kollosche said: “It’s still a significant price given the house is unfurnished and requires a lot of work”.

“It’s had a big impact on buyer confidence during the last eight or nine months, now that it’s gone I think we’ll see a change in people’s sentiment. This opportunity to buy this property under these circumstances will not happen again.” Mr Kollosche said.

Unfinished mansion sale highlights market strength
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.