Kollosche continues to dominate sales along the Gold Coast beachfront with the sale of a trophy home in Mermaid Beach for $16,950,000.

It took just 48 hours for the house at 65 Albatross Avenue, owned by V8 supercar champion Paul Weel and his family, to go unconditional once the buyer was introduced.

The sale is the highest on the Gold Coast for 2024. Kollosche has had a sizzling summer period, with the agency gaining four of the region’s five biggest sales results since December and breaking three suburb records.

The Albatross Avenue deal was negotiated by Kollosche principal Michael Kollosche in collaboration with fellow agents Harry Kakavas and Tony V.

The trio’s combined experience and comprehensive understanding of the Mermaid Beach market, in particular the key blue-chip streets of Albatross Avenue and neighbouring Hedges Avenue, is a major contributor in their continued success.

“There is still a lot of capital looking for a home at the top-end of the Gold Coast market and those agents who can instill certainty around a sale and show buyers the renewed growth in confidence that we are seeing at the moment can achieve premium results,” Michael says.

“We are dedicated to building long-term relationships with our key clients and their trust in our expertise means we are able to capitalise on, or curate, opportunities we see within the market to consistently achieve exceptional results for our clients.”

The beachfront property was previously marketed by another agency for 193 days and did not sell at an auction event in September 2023.

CoreLogic reports a growing trend for properties to be taking longer to sell, with days on market across regional areas pushing out to an average of 44 in the three months to the end of January.

Kollosche continues to defy this trend with its average days on market across all sales sitting at a much timelier 30.33 over the same period. Properties sold through private treaty and auction shifted even faster, with days on market averaging just 26.78.

If you are looking to capitalise on opportunities in today’s market, reach out to the Kollosche team today who can provide expert knowledge and strategic advice backed by proven results.