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Mystery businessman buys $43m Gold Coast mansion to shatter Queensland record

Local businessman buys $43m Mermaid Beach mansion, smashing Queensland residential sales record.

Updated 1 min read

Published by Agyata NewsroomEditorial policyCorrections

Key points

  • A local businessman bought a Mermaid Beach mansion for $43 million on Saturday evening.
  • The sale broke Queensland's residential record, surpassing the previous $40 million house price mark.
  • The property was listed for under 48 hours with an initial asking price of $47.5 million.

Why it matters. The sale demonstrates strong demand for scarce, high-quality assets in the Gold Coast market despite recent interest rate rises and falling home values across the broader sector.

Updated Sources: Real Estate, Realestate, AFR, Wikipedia: Queensland

A local businessman purchased a Mermaid Beach mansion for $43 million on Saturday evening, breaking Queensland's residential sales record. The deal, handled by Kollosche selling principal Michael Kollosche, eclipsed the previous state house price record of $40 million set in August. The property, located on Billionaire's Row, had been listed for less than 48 hours with an initial asking price of $47.5 million.

Latest updates

Mystery businessman buys $43m Gold Coast mansion to shatter Queensland record

A mystery Gold Coast businessman has paid a staggering $43m for a beachfront mansion, smashing the Queensland residential sale record. The property, located at 79-83 Hedges Ave in Mermaid Beach, sits on a triple block on an exclusive strip commonly referred to as Billionaire's Row. The deal eclipses the state's previous $40m house price record and was completed in less than 48 hours after the property hit the market. This transaction marks a new high for the region, driven by high demand for prime coastal real estate.

Real EstateRealestateAFRWikipedia: Queensland

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