Adam Scott’s Hope Island home sells below expectations at $5.35m
Golf champion Adam Scott has sold his longtime home at Hope Island, complete with rooftop spa and its own putting green, for $5.35m.
The longtime former Hope Island, Gold Coast home of the Switzerland-based golf champion Adam Scott has been sold for $5.35m.
The five-bedroom, five-bathroom home was initially listed in 2022, with $8m-plus price expectations.
It came with a putting green, plus a dedicated garage with double buggy parking in the gated luxury resort, where residents can ride from their home onto championship golf courses.
Set within the Sanctuary Cove estate, the home is slightly closer to The Palms than The Pines, both being ranked among Australia’s top 50 golf courses.
It has a designer kitchen, with Italian marble and American oak flooring, plus alfresco dining in the outdoor pavilion with built-in kitchen.
The home also comes with a rooftop spa.
The 2520sq m property was bought by his father Phil for $1.25m in 2005. The former world No.1 professional golfer bought it from his father for $2,749,500 in 2006, and then undertook a major renovation.
CoreLogic advise it is pending settlement following its sale in January.
Scott, who married Swedish architect Marie Kojzar in 2014, retains a property at Sunshine Beach, where the family holiday when in Australia.
Melbourne mania
Melbourne is easily retaining its mantle as the busiest auction capital as autumn marketing campaigns gain momentum.
There were 987 auctions in Melbourne last week, up 29 per cent on last year, and 1550 auctions are scheduled for this coming weekend, up 34 per cent.
Melbourne then sees 1390 auctions on the first weekend in March, which PropTrack economist Anne Flaherty calculates as 55 per cent higher than the same week last year. By comparison there were 714 auctions scheduled in Sydney last week, which was up 20 per cent on last year. There are 1190 auctions scheduled this week, up 40 per cent. Sydney then sees 1090 auctions in the first weekend in March, some 39 per cent up on the same week last year, Flaherty said.
With the overall national preliminary clearance rate coming in at 7575 per cent, CoreLogic research director Tim Lawless noted buyer demand had so far kept pace with the pick-up in listings.
Amid the listings surge, Melbourne saw a healthy 72 per cent preliminary clearance rate at weekend auctions.
Sydney recorded an impressive 81 per cent success rate, the highest since October 2021.
Sydney shines
But when it comes to the prestige auction market, Sydney stands alone, with its vendors decidedly more forthcoming than Melbourne vendors. The emerging signs of price weakness in Melbourne’s 2024 prestige market have exacerbated its preference for securing sales through private treaty rather than onsite or even boardroom auctions.
Sydney kicked off 2024 with eight prestige $5m-plus listings on the February 10 weekend, against none in Melbourne.
There were 11 Sydney listings on the February 17 weekend seeking $5m-plus, but only one in Melbourne, at Brighton, with a $3.86m Glen Iris deal topping out its notified sales.
PPD’s Alexander Phillips secured the nation’s highest under-the-hammer sale: $8,525,000 for a Bondi offering.
Phillips had seven registered bidders, mostly developers, who took the bidding well past its $7.5m reserve. The Fletcher St property was listed for the first time in four decades.
Phillips also had a hand in the pre-auction sale of the three-level South Coogee oceanfront of the late Wallaby rugby player turned property developer Alan Cardy.
The five-bedroom, four-bathroom house with pool, cabana and spa sold for about $18.5m.
There are 56 listings seeking $5m or more headed to auction across the nation this weekend, February 24.
Sydney sees a surge to 44 offerings, compared to Melbourne’s four, which is the same volume as in Queensland. The are two each in ACT and SA.
Michael Pallier at Sotheby’s International Realty Sydney has a Dover Heights home listed with $7m-plus hopes for February 24 auction. Pallier says the vendor’s family descendants moved into the P&O style house on the day war broke out in 1939.
Then there are 63 luxury home listings seeking $5m or more set for March 2 auction, with 54 in Sydney. Mosman is the busiest suburb with 11 auctions.
Melbourne has just six prestige homes headed to March 2 auction. Queensland drops back to three with one prestige auction in the ACT.
Old gold
One of Melbourne’s most tightly-held trophy homes has been listed for March 2 auction after six decades of ownership by the Kerr family in Canterbury. There is $5.5m to $6m guidance from Iain Carmichael at Jellis Craig for the two-storey home.
Set on 1329sq m on The Ridge, the 1918 house was built for the Patterson Cheney car dealership family – hence its generous garaging.
Its pool was installed by the Grollo brothers after the five-bedroom, four-bathroom house was bought for £12,650 in 1960 by Laurie Kerr and his wife Vivienne, who died last October aged 93. Laurie, who was an Argus newspaper journalist turned founder of the public relations empire IPR, died in 2001.
Yours for $20m
Charlton, a John Beswicke-designed 1880s Hawthorn East home, has been listed with a $20m to $22m private treaty guide through Sam Wilkinson of Kay & Burton for WAM Capital director Angus Barker.
Set amid 3422sq m of landscaped gardens, the five-bedroom, five-bathroom mansion features interiors by the late Stuart Rattle.
Popular Halstead
The most-viewed residential listing on realestate.com.au last week was Halstead, the Dutch colonial-style Toorak mansion with more than 14,000 page views.
It comes with $27m to $29.7m hopes.
Jiandong Wang purchased the home in 2014 for $12.5m.
The 1916 home on 3286sq m was designedfor Francis Clements, then chairman of the State Electricity Commission.
Past owners include billionaire Michael Heine who sold in 2000 to Wayne Sidwell.
One low-balling buyers’ advocate suggested no one wanted to buy overpriced “lemons” like Halstead. But Kay & Burton agent Gowan Stubbings replied: “There is no such thing as a lemon on Lansell Rd.” Expressions of interest close March 5.
High-flyer’s home
The Point Piper harbourfront home once owned by aviation pioneer Lawrence Hargrave, who was on the $20 note issued in 1966, has been sold.
The top floor three-bedroom, two-bathroom duplex apartment had been listed by the Glasser watchmaker family, who bought it for $450,000 in 1981. It had come with a $19m price guide through Sotheby’s agent Michael Pallier.
The 1902 Arthur McCredie-designed Wunulla Rd address was Hargrave’s home until his 1915 death.
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