Chinese investor snaps up Carrara trophy home pre-auction

A waterfront Gold Coast home in Carrara has sold prior to auction to a Chinese investor. 

The property at 44 Fitzwilliam Street property fetched $1.47 million.

Sam Guo of Ray White said the property was targeted at both the Australian and Chinese market.

It was advertised through Chinese social media and newspapers.

“The home was listed with another agent previously but didn’t sell as it was overpriced,” Guo said.

"Both parties were very happy with the outcome.”

He suggested the Gold Coast market is very stable, and any good, well priced property in a great area will sell.