Latest news with #Kollosche
Courier-Mail
08-07-2025
- Business
- Courier-Mail
Airport richlister pays $17m for beachfront holiday pad
An airport magnate has paid nearly $17m for a first-class seat in one of Australia's hottest beachfront markets. The owner of Australia's only privately funded airport, John Wagner, has been revealed as the buyer of a luxe holiday home in the 'Billionaire's Row' of the Gold Coast, as beachfront property prices continue to take off. Records show the Queensland businessman has forked out $16.75m for the four-level, six-bedroom house in Hedges Ave house, Mermaid Beach. RELATED: Glitter Strip developer sells family mansion in beachfront deal That's almost double what the vendor, Azzura Group boss Roberto Badalotti, purchased the property for in 2007. Kollosche principal Michael Kollosche and agent Harry Kakavas sealed the sale of the Hedges Ave pad, described in the listing as 'the pinnacle of luxury'. Mr Kakavas would not disclose the buyer's identity at the time of sale, but confirmed the property was purchased by 'an extremely well-known family' as a holiday home. MORE: Banks quash interest rate frenzy Culture Kings founders' bold $30m push Records now show that family was none other than the Wagner family family behind the Toowoomba Wellcamp Airport, west of Brisbane. The Wagner family is worth about $1.1 billion and its latest foray in Toowoomba is a sustainable fuels business joint venture that plans to develop a facility to turn waste-based feedstocks into sustainable aviation fuel. The fuel could be used for flights in and out of Wellcamp. The airport and surrounding land including a business park, trade, aerospace and defence zones, form the basis of the Wagners' wealth, along with the ASX-listed Wagner Holding Co building materials company. 'The beachfront is going from strength to strength because of the limited supply,' Mr Kakavas told News Corp. 'The rich are getting richer, and the rich want what they want. They want beachfront and they are prepared to pay a premium for it when it does become available.' Mr Kakavas said the buyer particularly valued the corner position of the 405 sqm lot with 10m waterfrontage offering direct access to the sand and stunning ocean views. Highlights of the mansion's four-level floorplan include open-plan living spaces leading out to an al fresco deck, an internal lift, luxurious master bedroom and ensuite with a freestanding tub overlooking the beach, sauna and steam room, library and home theatre with bar. There's also a temperature-controlled wine cellar, gym and basement garage, as well as an impressive kitchen fitted out with Miele appliances, stone island bench, and a large butler's pantry. 'Meticulously rejuvenated, every aspect of the property exudes luxury, with premium finishes such as travertine, marble, Onyx, and Venetian plaster,' the listing stated. 'The design seamlessly marries natural beauty with modern functionality, offering spaces crafted for lavish entertaining and tranquil relaxation.' Mr Wagner has been steadily building up his property portfolio in recent years, with records showing he bought a property with ocean views in Surfers Paradise in 2022 for $4.6m, and a Brisbane CBD unit in 2023 for $3m.
News.com.au
11-06-2025
- Business
- News.com.au
‘Perfect recipe' for Gold Coast property boom
A surge in buying power, record-low housing supply and a booming local economy have set the stage for the Gold Coast to outperform Australia's major property markets, a new report reveals. The city was in the 'early upswing phase' of the property cycle, with prices and rents rising rapidly off the back of a tightening supply pipeline, Kollosche's Gold Coast Property Outlook Annual 2025 Report in partnership with analyst Michael Matusik found. 'A boost in buying power, paired with record-low housing supply, is the perfect recipe for a Gold Coast property boom,' Kollosche managing director Michael Kollosche said. The report noted a 'deeper structural shift' underway, underpinned by limited new housing stock, strong economic indicators and rising generational demand. Among seven key indicators pointing to a local housing market boom were a surging population, with about 15,300 new residents moving to the region in 2024 — well above the decade average — on track to hit 825,000 by the 2032 Olympics. Household incomes were also climbing, with the average gross income now sitting at $145,000 — five per cent above the Queensland average. But the biggest pressure point remains housing supply. Resale house listings were sitting at just over four months' supply, while stock for attached dwellings — including townhouses and apartments — was down to 3.6 months. The rental market was even tighter, with fewer than 940 homes available for lease and a vacancy rate of just 1.3 per cent. The report noted the Gold Coast had been 'under-supplied since 2021'. Despite an annual need for 6,500 new homes, delivery had fallen well short. Some 42,000 approved apartments and townhouses remained unbuilt — a result of soaring construction costs and a shortage of skilled trades. The cost of building a new apartment hit $10,000 per sqm, making many projects unviable. Olympics-linked construction activity is expected to further exacerbate the trade shortage. The Gold Coast economy, now worth $45b, continued to expand, supported by more than $3.1b in commercial approvals in 2023 and a pipeline of more than 50 major infrastructure, health, education and residential projects. The city was now Australia's sixth largest urban population, fourth largest domestic tourism market and ninth largest regional economy. Median house prices were sitting at $1.2m, closing the gap on Sydney's $1.4m median and cementing the city's position as one of the nation's leading property markets.
Courier-Mail
03-06-2025
- Entertainment
- Courier-Mail
Mansion that hosted Rolling Stones, Frank Sinatra sells for mega price
The Rolling Stones are among high-society guests who have partied at Bartinon on the Gold Coast. An opulent mansion whose grand ballroom has hosted rock royalty has sold for $18m, smashing the suburb record. The Gold Coast's very own extravagant house, named Bartinon, had been on and off the market with different agents for more than two years. Bartinon at 26 Marseille Court, Sorrento. The grand house has hosted a string of rock stars. Kollosche's Sam Guo and Julia Kuo managed to finally find a buyer who was willing to splash the cash for the inner-city estate at 26 Marseille Court, Bundall. 'Bartinon is an iconic property, and to finally match it with the right buyer after so many years of it being on and off the market is incredibly rewarding,' Mr Guo said. MORE: Theme park legend's crypto hideaway hits the market Zac Efron's Aussie long lunch haunt is on the market Frank Sinatra visited the Gold Coast in the 80s. The residence sits on a 6,508 sqm riverfront block. Mr Guo said despite living across the river from the property and being able to see it everyday, the local buyer had not considered the purchase until Mr Guo personally reached out and invited him to inspect the property. 'This was a highly strategic sale, focused on showing the buyer the property's unique potential and long-term value,' Mr Guo said. 'Securing $18 million is a testament to the strength of the Gold Coast's prestige market and the power of a targeted, honest approach. It features manicured gardens. And epic views of the city skyline. 'We're proud to set another record sale price for Sorrento and Bundall.' Anchoring the landholding is a two-storey Mediterranean-influenced mansion mixed with a touch of the Caribbean, built in the late 1980s for philanthropists, Sir Justin Hickey and his wife, Lady Barbara. Bartinon was renowned as the venue of some of the city's most lavish parties and, as recounted by those who remember, hosted a roll-call of high-society guests, including Frank Sinatra, the Sultan of Brunei, Whitney Houston, and The Rolling Stones. One of the living areas. The tennis court. Seven bedrooms are spread throughout the home and include a spacious master suite with a private seating area, study, dual showers and dressing rooms, and an open ensuite with a built-in marble spa flanked by ice buckets for champagne. A ballroom, games room and wellness wing cater to leisure and entertainment, while an expansive kitchen finished in granite and timber complements formal and informal dining and living spaces. The formal lounge. The dining room. Floor-to-ceiling French doors and arched feature windows provide access to a vast terrace on the ground floor and a wraparound balcony on the upper level. Mr Guo said the buyer would move into Bartinon and planned to renovate and modernise the residence. 'They want to keep the same theme but just make it more practical because the style itself is really grand and beautiful. Covering 6,508 sqm, with 134.5m of river frontage, Bartinon holds tranquil water views extending to the city skyline, complemented by almost an acre of tropical gardens. Whitney Houston was rumoured to be a guest at Bartinon. The ballroom. Solidly constructed of sandstone, concrete and marble with impeccable craftsmanship, the home was considered the most expensive on the Gold Coast at the time it was built and retains one of the highest replacement values in the current market. Property records reveal it last changed hands for $7.22m in 2014. Bartinon is the third most expensive sale on the Gold Coast this year, after 7-9 McMillan Court, Southport ($22m) and 8 Southern Cross Drive, Surfers Paradise ($18.5m). PropTrack data shows the median house price in Bundall, which includes Sorrento, is $2.1m, down 1.2 per cent over 12 months.
News.com.au
03-06-2025
- Business
- News.com.au
Home that hosted Rolling Stones, Frank Sinatra sells for big bucks
An opulent mansion whose grand ballroom has hosted rock royalty has sold for $18m, smashing the suburb record. The Gold Coast's very own extravagant house, named Bartinon, had been on and off the market with different agents for more than two years. Bartinon at 26 Marseille Court, Sorrento. The grand house has hosted a string of rock stars. Kollosche's Sam Guo and Julia Kuo managed to finally find a buyer who was willing to splash the cash for the inner-city estate at 26 Marseille Court, Bundall. 'Bartinon is an iconic property, and to finally match it with the right buyer after so many years of it being on and off the market is incredibly rewarding,' Mr Guo said. MORE: Theme park legend's crypto hideaway hits the market Zac Efron's Aussie long lunch haunt is on the market Frank Sinatra visited the Gold Coast in the 80s. The residence sits on a 6,508 sqm riverfront block. Mr Guo said despite living across the river from the property and being able to see it everyday, the local buyer had not considered the purchase until Mr Guo personally reached out and invited him to inspect the property. 'This was a highly strategic sale, focused on showing the buyer the property's unique potential and long-term value,' Mr Guo said. 'Securing $18 million is a testament to the strength of the Gold Coast's prestige market and the power of a targeted, honest approach. It features manicured gardens. And epic views of the city skyline. 'We're proud to set another record sale price for Sorrento and Bundall.' Anchoring the landholding is a two-storey Mediterranean-influenced mansion mixed with a touch of the Caribbean, built in the late 1980s for philanthropists, Sir Justin Hickey and his wife, Lady Barbara. Bartinon was renowned as the venue of some of the city's most lavish parties and, as recounted by those who remember, hosted a roll-call of high-society guests, including Frank Sinatra, the Sultan of Brunei, Whitney Houston, and The Rolling Stones. One of the living areas. The tennis court. Seven bedrooms are spread throughout the home and include a spacious master suite with a private seating area, study, dual showers and dressing rooms, and an open ensuite with a built-in marble spa flanked by ice buckets for champagne. A ballroom, games room and wellness wing cater to leisure and entertainment, while an expansive kitchen finished in granite and timber complements formal and informal dining and living spaces. The formal lounge. The dining room. Floor-to-ceiling French doors and arched feature windows provide access to a vast terrace on the ground floor and a wraparound balcony on the upper level. Mr Guo said the buyer would move into Bartinon and planned to renovate and modernise the residence. 'They want to keep the same theme but just make it more practical because the style itself is really grand and beautiful. Covering 6,508 sqm, with 134.5m of river frontage, Bartinon holds tranquil water views extending to the city skyline, complemented by almost an acre of tropical gardens. Whitney Houston was rumoured to be a guest at Bartinon. The ballroom. Solidly constructed of sandstone, concrete and marble with impeccable craftsmanship, the home was considered the most expensive on the Gold Coast at the time it was built and retains one of the highest replacement values in the current market. Property records reveal it last changed hands for $7.22m in 2014. Bartinon is the third most expensive sale on the Gold Coast this year, after 7-9 McMillan Court, Southport ($22m) and 8 Southern Cross Drive, Surfers Paradise ($18.5m). PropTrack data shows the median house price in Bundall, which includes Sorrento, is $2.1m, down 1.2 per cent over 12 months. Originally published as Mansion that hosted Rolling Stones, Frank Sinatra sells for mega price
Courier-Mail
19-05-2025
- Business
- Courier-Mail
Auction drama marks jaw-dropping $14 million sale
A canalfront home named best build in Australia has sold under the hammer for $14.005m – smashing the previous suburb record by close to double. The 2023-built property at 24 Winch Court, Mermaid Waters sold under the hammer at a tense auction where eight prospective buyers engaged in a bidding war. Auctioneer Justin Nickerson fielded a whopping 48 bids, taking the price from an opening play of $6.5m to sold over a 45-minute marathon. Gold Coast buyers agent Matt Srama made the winning bid on behalf of a 'property entrepreneur' who had been renting on the Gold Coast since relocating from NSW. Mr Srama said the buyer was drawn to the luxury home's quality and waterfront position offering breathtaking views and access to an enviable boating lifestyle. Bids started in $1m increments, then in $500,000 hikes to $11m. The auction was paused at $12.25m for negotiations behind closed doors before the highest bidder increased their offer to $13m. Mr Nickerson advised the crowd of 100-plus the reserve price had been reached, sparking a renewed flurry of bids with Mr Srama landing a final blow of just $5,000 to claim the keys for his client. The stunning sale set a new benchmark for the rising suburb by a margin of 80 per cent, adding a whopping $6.3m to the previous record of $7.7m set in February 2024. MORE NEWS Culture Kings founders chase $30m for penthouse $31.5m: Castle, beachfront mansion sold in twin mega deals Andrew Winter: Looming rate cuts to push up home prices Kollosche agents Jamie Harrison and Michael Kollosche marketed the property, which had won a slew of awards including National Residential Master Builder of the Year. Owner-builders Rob and Tui McKinnon, directors of Havendeen, paid $2.125m in 2018 to acquire the 1,113 sqm parcel with 46 metres of frontage to Lake Wonderland and uninterrupted skyline views stretching to the Hinterland. The four-level home, designed by Joe Snell, featured a five-car basement garage, golf simulator, steam room, wine cellar and rooftop bar. Unfolding behind a curved facade, the floorplan was anchored by a dark stone kitchen bench beneath a 12m void, while matte black finishes combined with raw textures of concrete, steel and glass to create a sophisticated ambience. The al fresco offering came complete with heated 12m pool, swim-up cocktail bar, day beds and a fire pit zone, along with a private pontoon and jet ski dock. Mr Srama said the Gold Coast lacked sufficient high-quality new builds to satisfy the appetites of cashed-up buyers looking to splurge on statement homes. 'My advice to builders is that if the product is good enough, the buyer pool is certainly there,' he said. 'These buyers have moved from interstate and had a taste of the Gold Coast and they can't fault the lifestyle. They have money to spend but the product isn't there. 'Homes like this rarely come up on the Gold Coast, and we came in with a very specific strategy on where we felt the value lay.' Mr Harrison said the heart-stopping auction affirmed the depth of the local prestige market. 'To have eight registered bidders in this current environment is testament to this,' he said. 'We knew the buyers wanted it and saw value in such a highly built home in an irreplaceable position. 'The bidding pool was mostly local buyers who understood the value of Mermaid Waters, and knew there were very few point position properties like this, so for them this was more about the rare opportunity to acquire it, rather than the price they would pay.' House prices in Mermaid Waters were up 11.1 per cent over the past 12 months, to a median of $1,947,500.
