Brighter And some

Luxury Queensland homes at half price

by Karleen Jentz, Copywriter 22 October 2015

If you have a spare $10 million in your back pocket you could pick up a luxury home worth twice that, according to a Domain report on Queensland’s prestige home market.

Luxury homes across the Gold Coast and Cairns are being sold for less than replacement cost as downsizing owners are selling in a buyers’ market.

An eight-bedroom mansion in the Gold Coast hinterland with a replacement cost worth “easily in excess of $20 million” is expected to sell for around $10 million, local agents told Domain.

But the bargain buying doesn’t stop there. A cool $15 million could secure you a six-bedroom “waterfront castle” in Surfers Paradise, and for $3 million you can have your very own Balinese-style retreat near Port Douglas. That’s peanuts!

What accounts for these ripe buying conditions? Domain Group senior economist Dr Andrew Wilson believes it’s a combination of “conspicuous wealth” from the resources boom resulting in grandiose homes now being sold in a softer market.

So, buy your lotto tickets this weekend and you could enter Queensland’s exclusive prestige home owner club for half the price!

Check out the bargains on Domain.

46-54 Curtis Road, North Tamborine

The owners spent over $20 million in reno's and hope to sell for around $10 million.

46-54 Curtis Road, North Tamborine

2800-square-metres of house with 8 en suited bedrooms, indoor pool, theatre & tennis court.

59 The Corso, Surfers Paradise

A fabulous entertainer’s house - 59 The Corso is priced at over $15 million.

59 The Corso, Surfers Paradise

It features 6 bedrooms, gym, sauna, saltwater pool & takes up four blocks!

292 Syndicate Road, Miallo​ (Port Douglas)

Bali Hai could be your very own 80 acres of paradise for $3 million.

292 Syndicate Road, Miallo​ (Port Douglas)

It's located just 15 minutes from Port Douglas. Even quicker if you take the chopper!

292 Syndicate Road, Miallo​ (Port Douglas)

There are 3 grass-roofed bures in total – all with en suites.