Landmark Sale Sets New Benchmark for Burleigh Heads

September 30 2022

The record $9,700,000 sale of a large family home on the waterfront in Burleigh Heads shows the continued strength of the southern beaches market.
Landmark Sale Sets New Benchmark for Burleigh Heads

A new benchmark has been set in the Burleigh Heads residential property market, with the $9,700,000 sale of 10-12 Elanora Drive by Kollosche Sales Agent Troy Dowker.

Occupying the only double block in Koala Park, the sprawling home designed by Bayden Goddard sold under the hammer on 23 September in front of a 120-strong crowd. There were 12 registered bidders, with an active four delivering 30 bids between them.

While an early prompt for a jump to $10,000,000 by Auctioneer Justin Nickerson drew a laugh from the crowd, within minutes three motivated buyers were battling it out with offers stretching well above $9,000,000.

The result, which well exceeded the previous suburb record of $5,375,000 set by Kollosche in 2019, came as no surprise to specialist southern beaches agent Troy, who says: “It is such a special property, we always had confidence that it would set a new record for the suburb”.

The sale is a vote of confidence for the Burleigh Heads and wider southern Gold Coast market early in the spring selling season, which is a notoriously busy period for the southern beaches market given its draw as a lifestyle and holiday destination.

10-12 Elanora Drive | Kollosche

“The top end of the market should take a lot of confidence from this sale,” says Troy, “Burleigh Heads is like the Bondi or Manly of the Gold Coast, and high-quality properties there and in the surrounding beachside suburbs are still achieving outstanding results.”

Low stock levels at the prestige end of the market continue to keep prices in the suburb buoyed. The median is $1,408,750, according to PropTrack, the analytics arm of REA, with prices rising by 20.1 per cent in the 12 months to August.

The buyer of 10-12 Elanora Drive, was a Tallebudgera local, who bought the property for her son and his fiancée, and is a longstanding client of Troy’s.

10-12 Elanora Drive | Kollosche

“The buyer and I have developed quite a strong relationship since she bought a property off me four years ago. It means a lot to me to continue to be part of all my clients’ long-term property journeys,” says Troy.

Unwavering in his level of client care, Troy’s local knowledge and years of experience through different market cycles make him the agent of choice in the southern Gold Coast prestige property market.

If you are thinking of selling your southern beachside asset, reach out to Troy Dowker and his team for a conversation around your property goals.

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