{"id":3661762,"date":"2016-10-04T09:27:27","date_gmt":"2016-10-04T13:27:27","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3661762"},"modified":"2016-10-04T09:27:27","modified_gmt":"2016-10-04T13:27:27","slug":"luxury-homes-in-queensland-australia-are-worth-investing-in-market-experts-say","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/luxury-homes-in-queensland-australia-are-worth-investing-in-market-experts-say\/","title":{"rendered":"Luxury Homes in Queensland, Australia Are Worth Investing In, Market Experts Say"},"content":{"rendered":"<p><a href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2016\/10\/shutterstock_228228376.jpg\" rel=\"attachment wp-att-3662330\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-3662330\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2016\/10\/shutterstock_228228376.jpg\" alt=\"shutterstock_228228376\" width=\"1000\" height=\"662\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2016\/10\/shutterstock_228228376.jpg 1000w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2016\/10\/shutterstock_228228376-300x199.jpg 300w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/a><\/p>\n<p>If you invest\u00a0in Australia, agents say you\u2019re lucky. In Queensland, million-dollar estates have been selling these past weeks at a mighty clip, <a href=\"http:\/\/www.theaustralian.com.au\/life\/queensland-leads-the-charge-in-luxury-real-estate-markets\/news-story\/7c153371b5e53228a5c6b59dc055adc2\" target=\"_blank\">according to sources cited by The Australian<\/a>. Some of them are relatively cheap, too.<\/p>\n<p>There was the\u00a0$25 million AUD (approx.\u00a0$19\u00a0million\u00a0USD) sale in\u00a0Surfers Paradise as well as the sell of\u00a0fallen mining giant Nathan Tinkler\u2019s sprawling estate at Pullenvale. A beachfront mansion at Noosa\u2019s swanky Sunshine Beach sold for record millions, while Scott Perrin\u2019s Mermaid Beach estate toppled off the shelf for another $25 million AUD (approx.\u00a0$19\u00a0million\u00a0USD).<\/p>\n<p>Records in the Gold Coast hover below those of 2008 when entrepreneur Tony Smith sold his partially completed beachfront mansion on Mermaid Beach for $27 million (approx.\u00a0$21 million\u00a0USD). But last week,\u00a0<a href=\"http:\/\/www.theaustralian.com.au\/life\/queensland-leads-the-charge-in-luxury-real-estate-markets\/news-story\/7c153371b5e53228a5c6b59dc055adc2\" target=\"_blank\">Smith told<\/a> The Australian that Perrin\u2019s buy was a steal: \u201cThis sale is a great thing, it shows confidence in the beachfront market,\u201d he said. Meanwhile, Tom Offermann, of Tom Offermann Real Estate, predicts Noosa\u2019s getting\u00a0there. The region has begun\u00a0attracting year-round investors, rather than its seasonal buyers of the past.\u00a0\u201cNoosa used to have a lot of ups and downs,&#8221; Offermann says. &#8220;When it wasn\u2019t a holiday, you could fire a gun down Hastings Street. These days, it\u2019s fairly even and hard to tell when it\u2019s off peak. This year most of the resorts have been achieving occupancy rates in excess of 80 percent.\u201d<\/p>\n<p>Offermann <a href=\"http:\/\/www.theaustralian.com.au\/life\/queensland-leads-the-charge-in-luxury-real-estate-markets\/news-story\/7c153371b5e53228a5c6b59dc055adc2\" target=\"_blank\">cited<\/a> his $9.3 million AUD (approx. $7.1 million USD) sale of Sunshine Beach House as an example of how sales are starting to gallop. \u201cThe coastal market recovery has been slower than capital cities, which is why suddenly over the past six months, we have experienced a lot of capital city buyers from Brisbane, Sydney, and Melbourne picking up properties in the Noosa market.\u201d<\/p>\n<p>It&#8217;s true\u00a0that property values are still below 15 percent of sales raked in at the height of the global financial crisis in 2008, but canny investors are picking up some relatively cheap deals, and interest is growing. A Portsea coastal property, for instance, located on more than 40,000\u00a0square feet, with a swimming pool and tennis courts, is on the market for $2.5 million AUD (approx. $2 million USD), mainly because it does not have 2016 finishes, <a href=\"http:\/\/www.theaustralian.com.au\/life\/bargains-for-luxury-beach-house-buyers-in-victoria-and-queensland\/news-story\/c750c49614d163d83d1bcfbd9d90d739\" target=\"_blank\">according to Kay &amp; Burton<\/a> Portsea director Liz Jensen. Other beachfront homes are languishing for higher prices, which Offermann points out are still deals relative to general\u00a0prices for comparative estates.<\/p>\n<p>A mansion for five or six million dollars may well be considered expensive, but \u201cThey are all bargains because there is no way you could construct them for that money these days,\u201d Port Douglas agent <a href=\"http:\/\/www.theaustralian.com.au\/life\/bargains-for-luxury-beach-house-buyers-in-victoria-and-queensland\/news-story\/c750c49614d163d83d1bcfbd9d90d739\" target=\"_blank\">Tony McGrath told<\/a> The Australian three weeks ago.<\/p>\n<p>There\u2019s no doubt that billionaires are looking for that holiday home by the side and finding them along Queensland\u2019s swanky coast.<\/p>\n<p>Next up is\u00a0song writer Michael Chapman&#8217;s 43.5-square-foot Tinbeerwah property called Cintamani.\u00a0<span style=\"font-family: inherit;\">Offermann <\/span>says<span style=\"font-family: inherit;\"> that will\u00a0be the next bauble on the market.<\/span><\/p>\n<p><em>Image courtesy of Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you invest in Australia, agents say you\u2019re lucky. In Queensland, million-dollar estates have been selling these past weeks at a mighty clip. Some of them are relatively cheap, too.<\/p>\n","protected":false},"author":78,"featured_media":3662330,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1749,1],"tags":[],"class_list":["post-3661762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hlrn","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Luxury Homes in Queensland, Australia Are Worth Investing In, Market Experts Say<\/title>\n<meta name=\"description\" content=\"If you invest in Australia, agents say you\u2019re lucky. In Queensland, million-dollar estates have been selling these past weeks at a mighty clip. 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