Independent and FREE - 2021 Best Online Publication

Cashed-up buyers pounce on Coast property’s ‘holy grail’

Independent and FREE – 2021 Best Online Publication (Qld Country Press)

Cashed-up buyers pounce on Coast property’s ‘holy grail’

[pj-news-ticker]

Cashed-up buyers pounce on Sunshine Coast property's 'holy grail' - beachfront land

Do you have a news tip? Click here to send to our news team.

‘I fell in love with the sound’: the gift that changed Sari’s life

An up-and-coming Sunrise Beach musician has revealed how a gift from her Dad changed her world forever. If you have not heard the name Sari More

Experience the magic of The Festive Garden

Elves, carollers and a forest of twinkling lights will delight visitors at a free Christmas experience at Tanawha. Sunshine Coast Council’s latest Christmas offering, The More

Local knowledge secures Mooloolaba property gem

When it comes to dry block house sales, Mooloolaba continues to charge ahead. The four-bedroom "move-in-and-live" house at 40 Brentwood Avenue in Mooloolaba was the More

Vacant beachfront land on the Sunshine Coast is a very rare commodity these days and it edged even closer to extinction after two prime blocks were snapped up.

After 37 years of ownership, 26 Park Crescent, Sunshine Beach, sold at auction for a whopping $7,050,000.

With the team at Tom Offermann Real Estate at the helm, the bidding was competitive from five to six million, then through a semi-private negotiation the buyer and seller agreed and the property was sold publicly to local purchasers in front of a gasping crowd.

The land was 531m2 of absolute beach frontage with filtered views through the trees to the sand and crashing waves below. Just amazing real estate.

Exactly one week earlier, 54 Beachway Pde, Marcoola, (below) was sold at auction for $1,300,000.

Get more local stories direct to your inbox by subscribing to our free daily news feed: Go to SUBSCRIBE at top of this article to register

The vacant land was a flat 800m2 with only the coastal reserve and walkway between it and the sand.

The team at North Shore Realty rallied double digit bidders for the auction.

The bidding was kicked off at $600,000 with constant bidding to $1.1m. Then, again through semi private negotiations, the property was sold in front of a patient midday crowd.

Important to note, in both negotiations the successful buyers were prepared to go well in excess of the rest of the market when the bidding stopped to secure the properties through a private negotiation.

Two markets, 30km apart, both have unique qualities, $5,750,000 difference in price outcome. Both buyers were local.

This weekend the sold rate at auction was 72 per cent with an average of four registered bidders per auction.

In the current real estate climate sellers are being richly rewarded on auction day because the market has the ability to fully compete for the property.

Gordon Macdonald, founder of The Auction Group, has been calling auctions on the Coast for more than a decade after an earlier career in real estate sales. His weekly auction wrap-up for sunshinecoastnews.com.au each Monday will be compulsory reading for anyone interested in the hottest sales and latest tales from the property frontline.

STAY TUNED to sunshinecoastnews.com.au and we will keep you up to date with the latest property news.

Get more stories like this direct to your inbox by subscribing to our FREE daily news feed: Go to SUBSCRIBE button at top of this article to register.

MORE NEWS

Why the region’s junior lifesavers are so excited

Sunshine Coast lifesaving officials and competitors are savouring their big win at the Queensland Inter-branch championships. The region's representative team proved once again they are More

New inquiry to target social media giants and trolls

Social media giants will be forced to explain what steps they're taking to keep people safe on their platforms as part of a new More

Boost for international students and our economy

The University of the Sunshine Coast has applauded Federal Government announcements that should support students and Australia's economic recovery. The Government announced a package of More