Entrepreneurs splash the cash for Sunshine Coast lifestyle

A Sunshine Coast getaway remains a priority for entrepreneurial buyers as Maxine Horne pays top dollar for a beachfront block and Colonial Brewing Co’s boss snaps up a nearby pad.

Brewing Co managing directorLawrence Dowdand his partner, Nikki Morris, have taken ownership of this Sunshine Coast home.

A Sunshine Coast getaway remains a strong priority for entrepreneurial east coast capital city buyers. The latest buyer is Brisbane entrepreneur Maxine Horne who has secured what was billed as one of the last beachfront building blocks overlooking Sunrise Beach.

The settlement paperwork shows she paid $12.5m, which was almost double the price paid three years ago. It was Brisbane tech entrepreneur Bevan Slattery who sold having paid $6.65m in 2020 for the 755sq m David Low Way holding.

The property, which was part of a former caravan park, sold through Cameron Urquhart and Tom Offermann of Tom Offermann Real Estate.

It comes with plans prepared by Chris Clout for a three-level, five-bedroom beach house. Horne’s recent venture, the Vita Group wellness clinics, has received a takeover offer from Sonic Healthcare.

There’s also been the settlement of a Witta Circle, Noosa Heads trophy home to independent craft brewer Colonial Brewing Co managing director Lawrence Dowd and his partner, Nikki Morris. CBCo sponsors the Noosa Triathlon.

The waterfront property was sold to the Melbourne-based couple for $19.5m by Lisette Seery. She had paid $6.132m for the then unrenovated four-bedroom, three-bathroom abode in August 2019 when it was bought from David Hales, the Betty’s Burgers ­founder.

The Witta Circle property in Noosa Heads for $19.5m.

Sydney claims top auction

The nation’s top advised weekend auction sale was a $13m Tamarama residential development site.

The 493sq m Dellview St holding was auctioned by Alexander Phillips at PPD who marketed it as “a rare development opportunity with panoramic ocean views.”

It came with a 19m frontage on the corner with Carlisle St opposite Mackenzies Point.

The classic 1930s block of four semi-like, two bedroom apartments with four garages was offered in one line, by three vendors.

Phillips suggests his buyer might create two luxurious beach houses or build one home.

The weekend’s next highest price at auction was a $10.5m four level Manly property.

The three bedroom, thee bathroom contemporary Stuart St home offering sold through Adam Moore, of Stone Real Estate, who told The Sunday Telegraph the price was a “total surprise” given the reserve had been set at $6m based on comparable sales. There were five registered bidders and two of them “really, really wanted it”.

The pavilion-style residence, close to Little Manly Beach, had views over Manly Cove towards the harbour and distant city skyline. There was triple lockup garaging on the narrow 289sq m block which was six metres wide.

There was no sale result for a $10m listing on Quambi Place, Edgecliff, which had been held by the Pilcher family since 1976. It was on its second marketing campaign in a year.

Sydney had its second busiest auction week of the year, with 791 homes taken to auction across the city. Of the 618 results collected so far by CoreLogic, 71 per cent were successful.

CoreLogic’s Tim Lawless noted Sydney’s final clearance rate has held around the high 60 per cent for the past month.

The Stuart St home in Manly sold for $10.5m at auction. Picture - Supplied

Buyer pays $5.7m for New Farm unit

Brisbane’s top sale was a New Farm apartment which sold for $5.7m.

The renovated 1611/22 Refinery Parade sub-penthouse offering had attracted 7,290 online views.

There were some 180 who undertook inspections of the three bedroom apartment through Sarah Hackett of Place New Farm.

It comes with around 364sq m of living space fitted in 2020 with new Wyer + Craw cabinetry.

The auction saw five registered bidders compete for the keys to the Mirvac-built apartment that last sold in August 2109 at $3.2m. Across the smaller capitals, Brisbane held the most auctions (135), followed by Adelaide (131) and Canberra (91). All of the smaller capital cities saw an improvement on the preliminary clearance rate week-on-week with Adelaide at 78 per cent, Canberra at 59 per cent and Brisbane on 56 per cent. There was a $2.08m sale in Adelaide when Ouwens Casserly agent Oliver Bowler sold a double fronted 1900 home in Unley. The 96 Frederick St villa had been tipped to fetch $1.85m. It had last sold in 2018 at $1.25m, and been available for lease at $950 a week.

No. 8 Hearle Avenue, Aspendale, was Melbourne’s top auction on the weekend.

Aspendale property sells for $6.2m

Melbourne’s top reported sale came pre-auction when $6.2m was paid on the Aspendale foreshore. The three bedroom, two bathroom contemporary home at 8 Hearle Ave had come with $4.5m to $4.9m price guidance through Belle agent Garry Donovan.

The luxury two storey LOWE-built offering came with views across Port Phillip Bay from the Mornington Peninsula to Beaumaris. It was built in 2013 after $1,315,000 was paid in 2008.

There was a pool on its 415sq m holding which came with a 23.5m absolute beach frontage. Aspendale’s record price was set last May when Tennis Australia CEO Craig Tiley and wife, Alicia paid $13.1m for a 1999sq m beachfront property with a floodlit grass tennis court, pool and spa.

They bought from developer and golfing entrepreneur Rob Deegan and his wife Jilanne.

There have been two subsequent nearby $10m sales including the 2430 sqm holding next door, and late last year a 569sq m holding was bought by the founder of Jetty Surf surfwear brand, Fadil ‘Butch’ Sadikay.

67 Drummond Street, Carlton, Vic 3053 Jonathan Chancellor COMPETING BIDS Picture - Supplied

Polyakov offloads Carlton pad

There were unconfirmed reports of a $6.5m pre-auction midweek sale of a Drummond St, Carlton offering which had been listed with $5.8m to $6.3m expectations.

It was listed by Dr Alex Polyakov, the infertility specialist through Marshall White Stonnington agent Joanna Nairn.

With honed bluestone walls and floors in its entrance hall, there were four levels of contemporary living behind its classic 1870s Victorian era Drummond St facade. A lift services three levels.

Melbourne’s top advised under the hammer weekend sale was in Canterbury when a five bedroom, two bathroom house on 852sq m fetched $5.11m. The View St deceased estate offering had come with a pre-auction guide of $3.6m to $3.95m from Woodards agents Julian Badenach and Alex Chu. It was a single level 1930s solid brick Californian bungalow on its 852 sqm corner block.

“The property attracted buyers wanting a site to build a luxury home,” Badenach told Competing Bids.

The land was elevated and free of any easements or heritage overlays, he added.

The final price, which was more than $1m above reserve, came after bidding from five parties.

Melbourne had its second busiest auction week of the year with 1,122 homes taken to auction. Of the 916 results collected so far by CoreLogic, 73 per cent were successful, and like the national combined capitals tally, this was the highest preliminary clearance rate since mid-April last year.