It is a unique mega-mansion that is unlike anything else in Australia and it is now back on the marketplace just 14 months following its last sale.
The stunning seven-bedroom home in Mudgeeraba’s gated Jabiru Estate, Gold Coast, was listed less than a week ago before a local buyer snapped it up in August 2020.
The luxurious 4,611sqm retreat was designed in a combination of Brazilian and Japanese architecture. It was sold for $4.6million to a private individual who now lives overseas because of their offshore business interests.
The Australian property market is experiencing a rapid rise in prices. This buyer decided to cash in on the opportunity. There is a high demand for coastal homes in the region that are close to capital cities.
This unique mega-mansion, unlike any other in Australia, is back on sale just 14 months following its last sale
Katrina Walsh, Harcourts Coastal’s listing agent for the designer pad, has been appointed as the campaign manager. She describes the designer pad as something truly special.
Daily Mail Australia spoke out saying that it is rare to find houses on the Gold Coast built like this.
The house was renovated extensively in 2019, including polished concrete floors and venetian plaster walls and ceilings. It also features marble finishes and hand-cast brass hardware.
It now boasts seven bedrooms, six bathrooms, four kitchens, multiple living rooms, a grand dining area and a spacious home office, as well as a 25m glass swimming pool, a basketball court with stadium seating and a wellness studio.
The stunning seven-bedroom home in Mudgeeraba’s Jabiru Estate on Gold Coast was only listed for a week before a local buyer snapped it up in August 2020.
The retreat covers 4,611m2 and features multiple living spaces (left), as well as a large dining area (right).
The luxurious 4,611sqm retreat was designed in a fusion between Brazilian and Japanese architecture. It was sold for $4.6million to a private individual who now spends their time abroad because of offshore business interests
The redesign was based upon a diverse range of architectural principles. The most influential influence came from the Japanese concept wabi-sabi.
Wabi-sabi is Asia’s interior trend of 2018, and it has been called the “Hygge” of Asia. It celebrates comfort, coziness, and harmony.
But while hygge finds joy in dopamine-boosting fixtures such as handwoven blankets and blazing log fires, wabi-sabi is all about embracing imperfection.
The ancient practice was developed by Zen monks in the 15th century. It seeks beauty and harmony in nature’s cycles of growth, decay, and death.
The house will be auctioned on Wednesday, November 17th. However, no price guide has been released.
One of four kitchens in the mansion. It is finished with luxurious fittings like veined marble and hand-cast brass hardware
The design was based on a variety of architectural principles. The most influential influence came from the Japanese concept of Wabi-sabi, which celebrates imperfection.
Ms Walsh stated that the property is attracting potential buyers with a “high net worth”, which indicates that there should not be any difficulty in achieving a much higher price than it received last year.
And it’s the same story across the country.
CoreLogic data showed that Gold Coast property values rose by 26.7c in the year to September. But, that was only enough for it to be Australia’s 14th most hot market.
Australia-wide, there has been an annual increase of 20.3 percent; the highest since July 1989, when interest rates were at an unimaginable 17%.
The Northern Beaches of Sydney saw a 37.2 percent increase in property prices each year. However, the Richmond-Tweed region of northern New South Wales – which includes Byron Bay – saw prices rise by 30.8 percent, surpassing Greater Sydney’s 26% increase.
Katrina Walsh, Harcourts Coastal’s listing agent, sold the designer pad last spring and was appointed to oversee the current campaign. She describes it as something truly unique
The polished concrete floors are left and the spacious home office is right.
The lap pool is 25m long and has a glass edge.
Record-low interest rates saw house prices record in 88 per cent Australian’s real estate markets. Regional areas by the coast did better than capital cities because more professionals are able to work from home.
In August, house values reached new highs in 69 out of Australia’s 78 property markets. This was based upon a grouping suburban and town-based areas.
The demand for detached homes with gardens is particularly high, which has led to a decline in the number of these homes on the market.
CoreLogic, a house price data provider, found that there were 153 803 houses for sale in Australia in August 2018. Late August 2021 saw a drop in the number of houses for sale to 88.872 – a drop of 42 per cent.
Ms Walsh stated that the property has attracted prospective buyers with a “high net worth”, which suggests that there should not be any difficulty in achieving a higher sale price than it did last year.
Two bedrooms are fitted with custom hardwood windows and luxury timber beds in two of the seven bedrooms.
The house will be auctioned on Wednesday, November 17th. However, no price guide has been released.
Finance experts warn that prices in suburban areas could plummet by 20%, while apartment values could plummet by as much as a third once the boom ends.
John Symond, founder of Aussie Home Loans, said he is concerned about the price movement and called them ‘insane’.
A 20% drop in some suburbs would cause Sydney’s median home price to plummet by $258,690 from a record-breaking $1.293million. In Melbourne, prices would plummet by $190,000.
If the Jabiru Estate mansion’s buyer interest is anything to go off, however, the bubble will remain intact for the time being.