9-15 Gibsonville St, Tallebudgera

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A prize home winner has notched up another lucky day after his luxurious Tallebudgera Valley acreage property sold under the hammer for $2.25m.

The impressive auction result completed a whirlwind ride for the vendor, who returns to his interstate home a newly minted multimillionaire.

The four-bedroom home at 9 Gibsonville St was marketed by Ray White Burleigh Group and snapped up by a local buyer for well above the reserve price following fierce play between six registered bidders.

The sale price was $690,000 more than the property’s value two years ago, when it was purchased by the Yourtown charity for $1.56m.

Hailing from Adelaide, the 57-year-old vendor, who wished to remain anonymous, had purchased a $15 ticket in every one of Yourtown’s prize home draws of the last ten years and received the call that he’d won in May 2020.

Open-plan living with country ambience

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He quit his job of 30 years in the manufacturing industry and headed north. Covid lockdowns meant he had plenty of time to enjoy his new semi-rural digs — but ultimately the pull of family and friends back home was too strong to resist.

Ray White Burleigh Group principal Tiger Malan said it was a positive auction result for the semi-rural suburb, which was highly sought-after by interstate lifestyle buyers during the pandemic.

“Not a bad little bonus for the vendor, and all he really did was take an extended holiday

on the Gold Coast,” Mr Malan said.

“In all seriousness though, it’s a great result for him.

“This was a spectacular home and deserved to go for a decent price and it did.

“The new owners are going to love it, just as I know the vendor did for the relatively brief

time he spent on the Gold Coast,” he said.

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Latest PropTrack data shows house prices in Tallebudgera Valley fell 7 per cent over the last quarter, as the market continues its correction after the boom of the last two years. Annual growth to June sat at just under 20 per cent, reaching a median house price of $1.64m.

Agent Troy Fitzgerald said the sale campaign had drawn plenty of interest.

“Properties like this don’t come on the market very often, so it was always going to fetch a

price that started with a two,” Mr Fitzgerald said.

Features of the sprawling 1.6 acre estate included a Hamptons-style kitchen, fireplace, pool and cabana.

Outdoor entertaining with a pool and cabana

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Mr Malan said acreage suburbs on the Gold Coast would contine to hold value, despite slowing buyer demand across the broader market.

“Not everyone wants to live by the beach or in the hustle and bustle of the coastal strip

and some of these homes out in the Hinterland are incredible,” Mr Malan said.

“It’s all about lifestyle and if you’re chasing a bit of space and peace and quiet, then

places like the Tallebudgera and Currumbin Valleys, as well as Bonogin are fantastic

areas to look at.

“Perhaps the best part, they’re barely 15 minutes back to the beach, cafes, restaurants

and major shopping centres,” he said.