Melbourne buyer secures Hedges Avenue, Mermaid Beach after 60 years
Jonathan ChancellorDecember 7, 2020
There was keen interest in a non-beachfront house on Mermaid Beach’s Millionaires’ Row on the Gold Coast at weekend auction.
It changed hands for the first time in six decades at $1,771,500.
The Gold Coast Bulletin reported five of eight registered bidders placed 28 bids were placed.
The property was announced on the market at $1.75 million and the hammer fell eight bids later to a buyer from Melbourne who already owned nearby.
The three-bedroom house at 46 Hedges Avenue was a deceased estate that last sold in 1956.
Professionals John Henderson partner Luke Henderson said the buyer was unsure if it would be a holiday house or permanent residence.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.