Record Sale Price for Northern Gold Coast Suburb
February 2 2024
It didn’t take long for Kollosche to send its first suburb record for 2024 tumbling with the sale of a waterfront home in the northern Gold Coast suburb of Hollywell.
After only seven days on the market, it sold prior to auction to an interstate buyer for $6,200,000, surpassing the existing suburb record held by a property at neighbouring No.1 by almost $500,000
Oversized waterfront blocks in this small pocket between Paradise Point and Runaway Bay and directly opposite South Stradbroke Island are tightly held with properties presenting a rare opportunity for buyers seeking a superior water-based lifestyle.
Across the past 12 months, CoreLogic data shows house prices in the suburb lifted by 15 per cent to bring the median price to $1,265,000, well above the Gold Coast median of $985,000.
Premium sales in lesser-known suburbs across the Gold Coast are set to gain traction this year as a lack of stock in historically more in-demand pockets pushes buyers to consider alternative options.
The wider northern Gold Coast market continues to perform well in 2024, with Kollosche agents securing a number of sales throughout January in the sought-after Hope Island and Sanctuary Cove resorts.
Demand for family homes in these areas is on the rise with upgraded infrastructure improving connectivity and access to well-regarded schools and amenities.
A four-bedroom family home at 3077 Forest Hills Drive in Sanctuary Cove spent just four days on the market before it was sold for $2,450,000 through agent William Sarti. William also sold a double-storey waterfront home for $2,350,000 at 7669 Fairway Boulevard, Hope Island.
Meanwhile, Kara Christensen and Eoghan Murphy sold a contemporary waterfront home at 28 Sovereign Lane in the exclusive Coomera Waters Estate for $1,980,000 after fielding more than 60 enquiries and receiving four written offers.
To learn more about the northern Gold Coast market, reach out to one of our specialist agents who can advise you on potential opportunities.