Trump sparks panicked act across Australia

US President Donald Trump’s tariff shakedown has sparked a mad rush in Australia that is set to backfire massively on our most vulnerable residents.

US President Donald Trump is causing economic turmoil on a global scale.

US President Donald Trump’s tariff shakedown has sparked an investor flight back to bricks and mortar, with agents fielding a rush of fresh interest sparking mega sales.

Real estate’s haven status has been even further activated, with sales agent Russell Rollington, of First National Surfers Paradise, saying “feedback from buyers is that prime real estate is a safe and secure investment”.

This as he received an offer for a luxury riverfront home within 48 hours of the property hitting the market, which he went on to sell for $8.75m within seven days of listing. It was the Gold Coast’s most expensive residential sale of the week.

Wide Main River views

The five-bedroom, seven-bathroom house at 70 Admiralty Drive, Paradise Waters was snapped up by a local buyer amid a flurry of interest, as investors turn back to bricks and mortar following the US tariff shakedown and ensuing share market freefall.

“We showed three buyers through and one of the others who missed out was disappointed they didn’t move quicker on the house,” Mr Rollington said.

“With the current tariffs and share market conditions, we have noticed an increase in inquiry for properties across the board, from the top to lower end of the market.”

Mr Rollington said the Glitter Strip home was positioned on one of the widest stretches of Main River with city skyline views.

It last changed hands in 2007 for $7.535m, records show.

Multiple living spaces over four levels

Indoor-outdoor entertaining

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“Premier locations like this are so tightly held and rarely hit the market,” he said.

While the four-level property was listed as “under contract” on Monday, the sale price was higher than any reported across the Gold Coast and northern NSW last week.

Property features included high ceilings and voids with expanses of glass framing sweeping views, with a variety of formal and informal living spaces and an outdoor entertaining zone.

A large kitchen, office and guest bedroom with ensuite were downstairs, with the remaining bedrooms including the lavish master with spa ensuite and private balcony upstairs.

A timeless design in a coveted location

Natural materials of sandstone, limestone and timber were used throughout the high-quality build over a 720 sqm block offering 21m of deep water frontage complete with a jetty and 14m pontoon.

Other features included a five-car basement garage, wine cellar and gym, along with a rooftop entertaining space.

Originally published as Trump sparks panicked act across Australia