Gold Coast property: Goodwin Tce home in Burleigh Heads sets new sales record
A property housing an old Queenslander on the Gold Coast - knocking on 100 years old - has set a new record for beachfront sales on an elite street. It’s sale price will raise your eyebrows.
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A PROPERTY housing an old Queenslander that is knocking on 100 years old has been caught up in the lust buyers have for a life in beachfront Burleigh Heads address Goodwin Tce.
A couple has paid $7 million for the property, or $6.951 million more than it fetched when the family that built the house in 1922 sold it in 1977.
In the process, the sale has lifted the rates being paid for land in Goodwin Tce to a new high of $12,820 a square metre.
That surpasses the rates paid along the street last year for the sites – including the Fish House holding — on which elite boutique apartment buildings Norfolk and Luna are being built.
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The rate’s also more than a member of the Sunland Group’s Abedian family paid last month for beachfront land in Multi Millionaires’ Row, Mermaid Beach’s Hedges Ave.
The buyers of the Queenslander, at 10 Goodwin Tce, aren’t planning an apartment project — the 546sq m medium-density site has a three-storey height limit — but are contemplating a standout family home.
They’re Brian McMaster, a Tasmanian who has made a forte out of corporate reconstructions and sits on mining group boards, and wife Lauren and they have quite some love affair with Goodwin Tce.
Every April for the past three years they’ve been trying to buy what they refer to as ‘the house with the red roof’.
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Last year, having been rebuffed by the owner, they committed to a $6 million or so penthouse in the northeast corner of Norfolk, a 10-level building under way along the street.
Back in February the McMasters learned, from the agent who sold them the penthouse, that the owner of the red-roof house might be a seller.
The agent, Jamie-Lee Edwards, approached the owner and a deal was done, at $7 million, in a matter of days.
The location of No. 10 Goodwin Tce, with its ocean views, has been a magnet for a couple of Gold Coast buyers over the past 15 years.
John Howe, engineer and founder of a specialist events company, bought the two-bedroom home for $3.9 million in 2005 and went on to add a third bedroom, under the house.
The property was sold, for $4.75 million, 11 years later to a company owned by Jay McPhee, ‘driver’ of a 95-year-old family transport business.
He’s the fellow who resisted the previous McMaster efforts to coax him into selling.
Prior to the McMaster buy, Brisbane’s Forme group had set the benchmark for land in Goodwin Tce.
It last year paid $12,747 a square metre for the 1012sq m Norfolk site and went on to outlay $10,870 a square metre for the 506sq m Luna holding.
The total $18.5 million outlay appears to have been money well spent – Norfolk and Luna are near sellouts at prices that started at $3.9 million and topped out at $8.5 million.
The biggest land sale in Goodwin Tce in recent times came a year ago when a Chinese-headed Sydney group paid $18 million for the Old Burleigh Arcade – a deal that included a highway-front property at the rear of the arcade.
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