Author: Beach Link
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City dwellers hunting for their slice of bush paradise to escape pandemic lockdowns in larger cities are creating a property boom in the south-east Queensland city of Bundaberg. Buyers can still find a home on a big block for under $300,000 in the coastal city, which is just a few hours' drive from Australia's most expensive real estate hotspot, the Noosa Shire. There are jobs aplenty in health, hospitality and agriculture. The city also boasts easy access to the Great Barrier Reef and pristine uncrowded beaches.
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QLD’s richest vendors snap up beach block in surprise location
QLD’s richest vendors snap up beach block in surprise location
They sold their Sunshine Beach mansion for a record $34 million, and now it can be revealed where Queensland’s richest vendors could be moving to next.
Samantha Healy
less than 2 min read
July 16, 2021 – 12:00AM
They sold their Sunshine Beach mansion for a record $34 million, and now it can be revealed where Queensland’s richest vendors could be moving to next.
Margie and Murray Charlton’s Webb Road beach house became the most expensive home ever sold in Queensland when it changed hands off-market last month.
17 Webb Road at Sunshine Beach sold for a record $34 million price.
The sale price was almost double what their neighbours got just three years ago – proof that the Covid-19 property rush has caused a feverish rise in real estate prices in the Sunshine State.
Now, property records show the cashed-up couple purchased a beachfront block at Bagara in the Bundaberg region in May, two months before their jaw-dropping Sunshine Beach sale.
Google Earth images of 17 Webb Road, Sunshine Beach Queensland
Flanked by multimillion-dollar mansions, the couple bought the two adjoining blocks totalling 1812sq m of land on the exclusive strip at Archies Beach for $2.35 million.
The double block bought by the Charlton’s at Bargara
That means they now have over $31 million to splash out on a mega mansion.
PRD agent Mark Gelsomino, who sold the blocks, declined to comment.
Property records show that next door is The Glass House, a striking residence owned by controversial Greensill Capital founder Lex Greensill, whose global empire collapsed earlier this year owing billions of dollars to creditors.
That property was purchased for $4.12 million in 2019, according to CoreLogic.
Award-winning “The Glass House” when it was listed for sale before being purchased by Lex Greensill
On Four Corners on Monday, a local farmer accused the Greensill clan of crushing small family farms in the region.
The Greensills have snapped up more than $40 million of land in the Bundaberg region over the last five years as they expanded their agricultural operations into one of the biggest in the state, and expanded their broadacre production of sweet potatoes, peanuts and cane to gain supply contracts with Coles, Bega and Edgell.
Greensill Farming CEO Damien Botha also owns a home on the same exclusive strip.
Other owner-occupiers and investors in the well-heeled street include business owners, artists, farmers, advocates and doctors.
The median house sales price in Bargara is $428,000, according to CoreLogic.
Lex Greensill of Greensill Capital, London 1 December 2020- Picture By Annabel Moeller
Other owner-occupiers and investors in the well-heeled street include business owners, artists, farmers, advocates and doctors.
The median house sales price in Bargara is $428,000, according to CoreLogic.
