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Gold Coast Mayor Tom Tate set to leave Paradise Waters

Gold Coast Mayor Tom Tate and wife Ruth have sold their luxury Paradise Waters home.

The Toorak townhouse in Ross Street.
The Toorak townhouse in Ross Street.

Gold Coast Mayor Tom Tate and wife Ruth have sold their luxury Paradise Waters home through Ray White Surfers Paradise agent Matt Gates. Set amid landscaped gardens on a 1200sq m prime waterfront block, the five-bedroom house comes with 40m waterfront offering large-vessel mooring options with jetty, boat ramp and private beach. There is a sparkling pool, alfresco entertaining area, barbecue and an eight-person spa. The Tates paid $2.65 million in 2011, well under the $4.2m paid in 2006. They are off to their $3.3m, 1970s-style Sorrento manor, a move that sees Tom closer to the council’s Evendale headquarters. On 4424sq m, the four-bedroom Sorrento home was once owned by the family of veteran Gold Coast mayor Bruce Small.

Geddes’ Toorak townhouse sale

Australia’s best-known antiques dealer, Graham Geddes,has sold his Toorak home. The Ross Street townhouse had been listed with $4.3m expectations through Michael Gibson and Andrew Sahhar at Kay & Burton. Geddes has owned the home since 2004, when he paid $2.4m to buy it from the then Sydney-bound banker Mike Tilley, who paid $2.17m in 1999 when buying it from concrete company boss Dennis Carron. The late 1990s four-bedroom townhouse with home theatre sits on a 322sq m block. The outdoor areas were designed by Paul Bangay and Julian Ronchie, including a gas heated pool with waterfall.

Warne bowls back into Melville

The Brighton trophy-home merry-go-round appears to be well oiled with former Aussie cricketer Shane Warne selling his redundant home, Camden, at a likely $5m-plus through JP Dixon’s Paul McKenzie and Marcus Gollings. The four-bedroom manor has been bought by the Watson family, who were known to be seeking such a house. Warne renovated after he bought it from IMG’s Australian head Martin Jolly for $3.95m in 2014. The cricket legend will be moving back into Melville, the Brighton home he once shared with ex-wife Simone Callahan. He sold Melville in 2007 for $8.8m and is rumoured to have spent $14m-plus on it this time round. Neighbours have heard he’s keen to host a house warming in early December.

Elystan House fetches $5m

Brisbane’s historic 1907 Elystan House has been sold by PwC Brisbane managing partner Paul Lindstrom and wife Tracey for $5.1m. The six-bedroom Federation Filigree home was renovated in 2007 by architect Kevin Hayes. It was known as Cabarita when initially built by the Roemermann family. It features an office, wraparound veranda and a large rumpus room that opens to the sandstone pool and entertaining area. There’s also a fish pond and a temperature-controlled wine cellar. It was sold by LJ Hooker New Farm agent Brett Greensill. Despite generating 1000 hits and 50 phone calls in the first 24 hours of its listing, the home took, all up, almost 600 days to sell after it was listed with $5.9m hopes in early 2015. The downsizing Lindstroms paid $2.1m for the home in 2004.

Jonathan Chancellor
Jonathan ChancellorProperty Writer

Jonathan Chancellor is a senior property writer for The Australian's Business Review section. He has been a journalist since the early 1980s in Melbourne and Sydney, and specialises in reporting on the residential property market. Jonathan also writes for the Daily and Sunday Telegraph.

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Original URL: https://www.theaustralian.com.au/business/property/gold-coast-mayor-tom-tate-set-to-leave-paradise-waters/news-story/78edcd9971612227a01c2254fc4bf871