Chinese buyers spend more than $10 million on three Gold Coast properties this week

first_img25 Southern Cross Drive, Surfers Paradise sold for $6 million.THE Chinese have splashed out on Gold Coast property with $10 million in three sales this week.In Surfers Paradise, a giant riverfront Cronin Island mansion was snapped up for $6 million, while properties in Clear Island Waters and Bundall sold for $2.45 million and $2.38 million respectively.Ray White Broadbeach duo Sam Guo and Julia Kuo negotiated the sales and said they get a lot of inquiry from Chinese buyers looking for prestige homes on the Coast.“It’s about the position, the view and the quality of the house,” Mr Guo said.“The market is steadily strong and buyers are very savvy — they’re all looking for quality homes.”25 Southern Cross Drive, Surfers Paradise.While he would not disclose the buyer details, Mr Guo said the new owners of 25 Southern Cross Drive were sold on the property’s position.“Southern Cross Drive is a very unique street,” Mr Guo said.“The buyers loved the views out to Surfers (Paradise) and of course the position.”25 Southern, Cross Drive, Surfers Paradise.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North12 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoThe five-bedroom Cronin Island mansion is among 39 prestige properties on the exclusive island.It features chandeliers, timber shutters, parquetry flooring and a wet bar while out the back there is a pontoon and boat shed.Property records show the vendor, Concetto Zappala, paid $1.425 million for the property in 2001.12 Clear Water Bay Ave, Clear Island Waters sold for $2.45 million.The two other properties at Clear Island Waters and Bundall were snapped up before their scheduled auctions this month.Mr Guo said there was a shortage of prestige properties on the market with a surge of cashed-up buyers looking for new listings.“It’s especially true for the high-end properties,” Mr Guo said.“People who spend that type of money want the amazing views, the top finishes and the quality builds.”6 Platypus Ave, Bundall sold for $2.38 million.REIQ Gold Coast zone chairman John Newlands said Chinese buyers were driven to the Coast for its relaxed lifestyle and lavish homes.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:45Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:45 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenSummer Dream Home: Currumbin01:45 Related videos 01:45Summer Dream Home: Currumbin01:34Paradise for sale…01:16Dream home: Broadbeach Waters01:33Dream Home: New Farm01:36Dream Home: Brookfield01:00Mermaid Beach“There’s nice fresh air, the ocean, there’s plenty of golf courses, great hotels, shopping and the casino is here,” Mr Newlands said.“They like the safety of the place and from a value for money point of view they’re getting a lot of house compared to what they get overseas.”6 Platypus Ave, Bundall.last_img read more