Holiday home buyers who have long gravitated to Queenstown’s alpine setting are increasingly looking for low-maintenance apartments that allow them to lock up and leave, while still generating income when they’re away.

For Wendy, who had spent years visiting the Queenstown and Arrowtown region, <a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s Mountain Oak Apartments provided the opportunity to formalise what had previously been a recurring holiday pattern.

“We always had Queenstown in the back of our minds to buy something there as a holiday home,” she says. “We love the Queenstown and Arrowtown area.”

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Time spent visiting her sister-in-law, who owns in Arrowtown, along with regular stays at Millbrook Resort, had already shaped a strong personal connection to the region.&nbsp;

Rather than approaching the purchase purely as an investment play, Wendy’s starting point was lifestyle.

“We were more thinking about ourselves and where we could stay, and then the rental aspect was second.”

Mountain Oak Apartments, located within the masterplanned Remarkables Park precinct in Frankton, aligned with that thinking. The ability to secure the apartment with a deposit and settle on completion made the timing work.

“The fact that we could put a deposit down with the balance on completion was a bonus for us,” she explains.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Wendy selected a two-bedroom, two-bathroom penthouse, a configuration that supports both private use and guest flexibility.

“The two-bedroom, two-bathroom configuration appealed from both a rental viewpoint and for the ability to have friends stay while we are there,” she says.

Across the development, two-bedroom apartments range from 64sqm to 78sqm, with two-bedroom plus flexi options from 71sqm to 75sqm, each with an allocated car park. The flexi layouts introduce an additional space suited to work or hobbies, reflecting demand from buyers who split their time between leisure and remote work.

Apartments include underfloor heating in bathrooms, heat pumps to living areas, and joinery positioned to maximise natural light and mountain outlooks. The Remarkables Park precinct is known for its extended winter sunshine hours, water frontage and open views toward The Remarkables.&nbsp;

Units come in light and dark interior colour schemes.

<img alt="Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="file" data-entity-uuid="fd685a22-3b95-43a1-87cb-48fdd42bb4ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_f9f89107c2704ebbbe5a6b36da508cb3~mv2.jpg?VersionId=MigFIEm6b.mrANANwxSmwHvC4RdJUuyR" />

While lifestyle was the primary driver, the fundamentals of the Queenstown market added reassurance.&nbsp;

“Proximity to the airport and tourism being the main attraction all year round,” Wendy says, when asked what stood out from an investment perspective.

Mountain Oak sits just eight kilometres from Queenstown’s CBD and around a two-minute drive from Queenstown Airport.&nbsp;

For Wendy, that airport proximity carries practical value.

“The airport proximity is a bonus, we think that being so close will be an attraction for the convenience side.”

Residents are also a short drive from Coronet Peak, Jack’s Point Golf Course, New World Supermarket, Five Mile Shopping Centre, and the dining, medical, gym, cinema and library amenities within the town centre, as well as the seasonal Remarkables Market.

Importantly, the purchase does not lock owners into a single use. Mountain Oak offers the flexibility to opt for short-term visitor accommodation or longer-term residential rental management, with 365-day visitor accommodation consent in place. Owners can utilise Safari Group’s 24/7 on-site management service or appoint their own provider, and do not need to decide on a strategy immediately.

“It was a bonus that we can rent it out as well as use it for ourselves,” she says.

Additional buying options, including furniture packages and storage units available for purchase within the building, further support a lock-and-leave model suited to interstate and overseas owners.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Mountain Oak Apartments comprises 141 residences, ranging from one-bedroom configurations through to larger apartments and penthouses. One-bedroom apartments are currently priced from NZ$639,000, with three-bedroom options from NZ$1,299,000.

With 365-day visitor accommodation consent, the development is structured to respond to Queenstown’s established four-season tourism economy, spanning winter ski traffic and summer hiking, cycling, golf and lake-based activity.

Although Wendy acknowledges the strength of rental demand, her approach remains long term.

“We’re not planning to sell it anytime soon, so we are keen to hang on to it, but the passive income will be a bonus.”

Confidence in the developer also influenced her decision. Before proceeding, Wendy sought feedback within the local building community.

“We asked around and Safari Group had a good reputation,” she says.

Safari Group has delivered more than 2,000 hotel units and residential apartments across over 18 developments nationwide, with more than 25 years’ experience in the sector.

With completion anticipated by mid-2027, Mountain Oak is attracting a cross-section of buyers, from yield-focused investors to lifestyle purchasers seeking a foothold in one of New Zealand’s most tightly held alpine markets.

For Wendy, it represents both a future holiday base and a long-term asset within Queenstown’s year-round tourism economy.

Joel Robinson

How Mountain Oak Apartments draws holiday home buyers to Queenstown

Eduard Litver's Capitel Group is seeking to redevelop Chatswood's Mandarin Centre in the heart of the burgeoning suburb.

Capitel Group, in a joint venture with Metis Group, has filed a State Significant Development Application (SSDA) to demolish the Mandarin Centre and construct a 32-storey tower designed by Skidmore, Owings &amp; Merrill (SOM) with 325 apartments.

The 3,524 sqm site at 61A-65 Albert Avenue will also home extensive retail amenity, both at street-level and across a four-level podium.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="905976ea-08cd-409f-8a4c-33a3fb8bf351" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923441002.png?VersionId=f_xI2ejpxQvEm4fPqGji01RY9_AWVY6O" />

In its early stage Design Report submitted to the NSW Government's Housing Delivery Authority, SOM describes the ambition for the project as one that “aims to revitalise and reactivate an important corner of the Chatswood CBD.”

The architects note that the existing shopping centre “has a lack of vertical connection between its five levels of retail and a cumbersome pedestrian access from the street to the second-level transit connection,” framing the redevelopment as an opportunity to reconfigure circulation and better integrate with surrounding transport infrastructure.

The design adopts a single tower configuration, shaped through early testing to respond to neighbouring buildings and key public spaces.

Retail activation is concentrated at ground and lower podium levels, with a focus on food and beverage, lifestyle and wellness tenancies. The intent is to create a more permeable ground plane and improve connections between Albert Avenue, Victor Street and the Chatswood transport interchange, located within walking distance of the site.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="b1e0c8cb-ee9b-41c1-97ac-0455c043b9e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923442914.png?VersionId=y.Kbo.9bzLIbOabeygYts8Uf9imI.Dqh" />

The site occupies a prominent position on the southern edge of the Chatswood CBD core, bounded by Albert Avenue and Victor Street. It sits near the rail and metro interchange and within close proximity to Chatswood Chase, Westfield Chatswood, Chatswood Oval and a range of commercial office towers and residential buildings.

Chatswood has been one, and continues to be, of the most popular suburbs for developers in recent years. The most recent tower to launch is Hyecorp's Celine on Archer Street, which followed The Anderson by Changfa and Huirong.

Soon to launch is Coronation's Archer &amp; Albert nearby the new proposal.

Chatswood boom continues with Capitel and Metis’s $1.2 billion Mandarin Centre redevelopment

Apartment development applications continue to tally up in Rose Bay following the NSW Gov's 2025 update to the Low and Mid-Rise Housing Policy.

&nbsp;

Some $200 million worth of developments were filed in the space of four weeks at the back end of last year, with the likes of Fyve, HSN, Luxcon and Fortis all seeking to creating new apartment buildings.

The latest plans are for an amalgamated 3,105 sqm site across Conway Avenue, Fernleigh Avenue, and Carlisle Street. Developer Mathieson Property is planning <a href="https://www.apartments.com.au/new-apartments/dian-2-6-conway-avenue-rose-bay-nsw-2029">Dian</a>, 70 apartments across a new eight-storey building, perched on a ridgeline within walking distance of Rose Bay Town Centre.

The State Significant Development Application (SSDA), includes one-, two-, three- and four-bedroom configurations. Over 15 per cent will be dedicated as affordable, as per the NSW Government's push for affordable housing. The 17 apartments will be managed by a community housing provider for 15 years following completion of the building.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="f99c21d9-e69d-4a23-ae35-3244cfa0b4ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20site_0.png?VersionId=67KSZfecJ3fvn1ewo9xxKrneRT.Nsjwd" />

MHNDU has designed the building around three central cores, with lower-level apartments arranged to maximise corner balconies and cross-ventilation. Upper levels are configured with dual north–south aspects to capture harbour views and solar access.

Private open space is a key feature of the scheme, with generous balconies and terraces throughout. Five ground-floor apartments would include private pools, while one upper-level residence will feature a rooftop terrace and pool. A communal room and adjoining landscaped outdoor terraces provide shared open space for residents.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="dd2e275f-c270-4eb1-9a02-2b573b8eb540" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20front_0.png?VersionId=Us5jNEG6iLFLLMfQSzVBVdILYobBj.g9" />

The site sits around 365 metres walking distance of Rose Bay Town Centre and around 312 metres from regular bus services on New South Head Road, meeting the accessible area criteria under the Housing SEPP.

In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025">Woollahra</a>&nbsp;Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.

Mathieson Property unveils Dian Rose Bay apartment development

Lower North Shore developer <a href="https://www.apartments.com.au/developers/hyecorp-property-group">Hyecorp</a> is preparing to launch <a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine</a>, its new apartment development in Chatswood.

Set within a blue ribbon location on Archer Street, Celine will rise on a quiet, tree-lined enclave on the edge of the South Chatswood Heritage Conservation Area, a short walk from the connectivity which Chatswood is famous for.

Celine will deliver 122 one, two, three, and four-bedroom residences, designed to accommodate a broad range of buyers, from owner-occupiers to investors.

[smartcode_project:default project_id=149594 project_image_fid=362610]

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a>, the 29-storey tower has been shaped to respond to its Archer Street setting, with a defined podium and slender upper levels.&nbsp;

The building incorporates a two-storey residential lobby at the corner, double-height retail fronting Bertram Street, food and beverage tenancies along a through-site link, and two levels of commercial office space.&nbsp;

A landscaped pedestrian connection between Archer and Bertram streets will provide a publicly accessible link through the site, extending activity at ground level beyond the building footprint.

[smartcode_project:default project_id=149594 project_image_fid=362606]

Inside, Hyecorp is emphasising scale and flexibility. Most residences will incorporate multipurpose rooms, allowing buyers to configure additional living, study or guest space within their floorplan.&nbsp;

Kitchens have been designed with proportions more commonly associated with standalone homes, complemented by Gaggenau and Miele appliances, integrated refrigeration, Miele laundry appliances, Taj Mahal stone and bronze tapware.&nbsp;

Buyers will also have the option to tailor aspects of their home through the developer’s “Live Your Way” personalisation service.

Resident amenity will include an outdoor pool, gym and sauna, as well as barbecue and lounge areas designed for shared use. Upper levels are oriented to capture eastern outlooks towards the Sydney CBD and surrounding greenery.

[smartcode_project:default project_id=149594 project_image_fid=362633]

The location places future residents within 800 metres of Chatswood Interchange, providing access to metro and rail services, and within walking distance of Westfield, Chatswood Chase and the Chatswood Concourse. Parks including Chatswood Park and Beauchamp Park are nearby, along with a cluster of schools and private hospitals.

Celine continues Hyecorp’s focus on the Lower North Shore. The Australian, family-owned developer has been operating locally for more than 30 years, with recent projects including Audrey in St Leonards, now nearing completion, and Juliet in Roseville. With registrations expected to open soon, Celine represents the group’s latest addition to the Chatswood apartment market.

[smartcode_project_cta:default project_id=149594]

Hyecorp unveils Celine, a striking new apartment tower in the heart of Chatswood

International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.

Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;

Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185858]

The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.

The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.

[smartcode_project:default project_id=106566 project_image_fid=362500]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.

&nbsp;

Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.

[smartcode_project:default project_id=106566 project_image_fid=362499]

“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.

“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;

“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185861]

SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.

Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.

[smartcode_project:default project_id=106566 project_image_fid=185852]

“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;

“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;

“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.

“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”

Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.

[smartcode_project_cta:default project_id=106566]

Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

Paradise Point

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The Melbourne developer Elias Jreissati of Bensons Property Group and his wife Colleen, have listed their winter escape for January 28 auction.

The four-bedroom, whole-floor apartment covers 643 sqm in the Ephraim Island, Paradise Point complex.

It has hotel-style bedroom suites.

The penthouse features a master bedroom with a dressing room and ensuite, large north-facing balconies, formal and informal spaces.

<img alt="" height="781" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ephraim_2.jpg" width="1200">

More than 20 groups have viewed the 6601 apartment since it listed with the majority of inquiries coming from local or Brisbane buyers, according to the listing agent, Matt Gates, at Ray White Prestige Surfers Paradise.

Top-end furnishings and appliances are a feature.

The nearby penthouse apartment sold by developer John Longhurst in 2008 at $4.59 million with 635 sqm space has just gone under offer, according to its realestate.com.au listing.

Ephraim Island’s strata restaurant space recently sold for $1.9 million with the selling agent Gerry Thibault at Nai Harcourts Gold Coast noting the space “enjoys a captive market of 383 upmarket residential apartments on the island.”

The space had last sold at $1.8 million in 2016.

[smartcode_project:default project_id=22057]
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The four-bedroom, whole-floor apartment covers 643 sqm in the Ephraim Island, Paradise Point complex.

jchancellor

Melbourne developer Elias Jreissati of Bensons Property Group lists Ephraim Island holiday penthouse

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A luxury Paradise Point oceanfront home sold for $6,750,000 on January 26, 2020. 
The three-storey <a href="https://www.realestate.com.au/sold/property-house-qld-paradise+point-132675586" target="_blank">Ephraim Island Access home</a> was listed through Amir Prestige estate agent Alister Billingsley. 
The four-bedroom, five-bathroom house features lift access to all three floors, four ensuite rooms with either water or park views, established gardens, a manicured lawn and water features.
The kitchen on the ground level is complete with Miele appliances including a steamer, coffee machine and gas cooktop.
The open plan living and dining area transitions out through bi-fold stacker doors to the alfresco dinning area that overlooks the in-ground pool.
The 965 sqm home also has a large or third living area, a timber staircase, and a gas fireplace. 
According to Domain, 39 other four-bedroom houses in Paradise Point have recently been sold. 
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j.ballantyne1990-6AQqhLzZaK

Oceanfront Paradise Point trophy home sold

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One of the last beach house precincts remaining on the Gold Coast is enjoying a surge in sales activities with buyers on the northern Gold Coast at Paradise Point.
Sovereign Shores on the northern tip of Paradise Point has enjoyed more than $30 million in sales as buyers look for waterfront land in an enclave with 240-degree water views overlooking The Broadwater.
Only a handful of blocks in the first stage of 39 remain for sale.
The offering, being marketed by The Ray White Runaway Bay Group on behalf of well-known Brisbane Developer Metacap, is being developed on the location of Little Beach, a popular beach peninsula precinct opposite exclusive Sovereign Islands.
Ray White’s Ali Mian said local, interstate and international buyers looking to develop luxurious modern beach homes had shown keen interest in the first stage of the development, which only has a total of 60 lots and is being released in a limited two stages.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/10/038_Open2view_ID489019-1_Salacia_Drive.jpg" alt="">
“The response has been very strong, particularly from local buyers who are captivated by the stunning waterside location,” said Mr Mian.
“The demand we have already experienced, coupled with the settlement of some of the early purchases, has allowed the developer to bring his attention to releasing stage two imminently.
“Land of this calibre within reach of lifestyle amenities is quite rare at Paradise Point and basically once the 60 lots are sold there will be no waterfront land remaining in what has emerged as one of the city’s most exclusive suburbs.
“We’ve even had a buyer from New Zealand secure a lot sight unseen after searching online for opportunities on the Gold Coast.”
The Ray White Runaway Bay Group general manager Ian Spurle credits the success of the Sovereign Shores land release to the flexibility that residential sites offer buyers.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/10/003_Open2view_ID489019-1_Salacia_Drive.jpg" alt="">
“The lots are quite unique in terms of what buyers are able to build on them and this has been very appealing to our buyers,” said Mr Spurle.
“You can occupy up to 60 per cent site coverage as of right, but there’s also a zero-lot provision that allows for more flexibility in home designs and better use of the site.
“You can also go to three levels and have a rooftop garden, as well as a full basement level.
“Under this scenario, you can actually strata-title each of these levels to create three dwellings, which is quite unique.”
Sovereign Shores residents have access to marina berths that offer a bridge-free passage to the Pacific Ocean.
Resident facilities include a recreation centre, fully equipped gymnasium and the choice of three swimming pools.
Local amenities include a restaurant, bar and coffee shop, while the popular Paradise Point restaurant and shopping strip is just a short stroll away.
Sovereign Shores lots are priced from $589,000 and range in size from 400sqm to 651sqm.
Metacap was incorporated in 2005 by seasoned developer Alex Jimenez, and has since completed more than 1000 town houses, high-rise apartments, residential subdivisions and commercial developments in Gold Coast, Brisbane, Sydney and Melbourne. 
Metcap, which has a $155 million development pipeline, has successfully delivered a diverse array of developments through various economic environments, making it highly respected in the industry. 
The Ray White Runaway Bay Group has offices at Sovereign Island, Paradise Point, Runaway Bay and Pacific Pines.
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Buyers snap up Paradise Point land offering at Sovereign Shores

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<div>
Santosha — which translates to contentment — on Paradise Point has been sold for $5,275,000 by Gold Coast equestrian couple Ken Dowsett and Linda Spratley.
</div>
The Sovereign Islands house, designed by building designer Paul Clout, came with initial $7.2 million hopes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/13/Sant2.jpg" alt="">
The <a href="https://www.realestate.com.au/sold/property-house-qld-sovereign+islands-127315742" target="_blank">luxury house at on Knightsbridge Pde West</a> had previously traded at $5.1 million in 2015 after Angelo and Francina Cantatore built the three-level resort-style home in 2009.
It was sold by Vertullo Real Estate agent Chris Moyer who'd been marketing the home on its 746 sqm holding since January, when there were 24 homes for sale on the parade, which has an east and west strip. There are still 24 for sale, though some 12 sales throughout the year.
This article was first published in the Weekend Australian. 
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Santosha sold on Sovereign islands

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The Sovereign Islands estate Villa Blue Waters remains listed for sale on Queensland's Gold Coast.
It's the glamourous Paradise Point property which comes with a $9.99 million asking price by the longtime luxury boat broker Grant Torrens. 
It is for sale through <a href="https://www.realestate.com.au/property-house-qld-sovereign+islands-126134314" target="_blank">Ali Mian at Ray White.</a>
It was built originally by a Japanese owner as a corporate retreat with five king-size en suite bedrooms, nine bathrooms, a day spa and an eight-car internal garage, along with approvals in place for an extra level to the home.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/5/sov2.jpg" alt="">
It was last bought for $3.45 million in 2013 from Christian Ainsworth.
Villa Blue Waters had previously traded in 2010 for $7.2 million when sold by Gary McPherson.
With a 1950 sqm waterfront holding, the estate boasts a 64 metre straight line private marina frontage and a 70 metre super yacht marina berth, the largest in Queensland.
The are nine bathrooms and five kingsize bedrooms, one coming with a firework style bed head.
The property features a Versace Italian mosaic hydrotherapy room, a Turkish plunge spa and a waterfront gymnasium.
There is also fully sell contained Teppanyaki Cabana close to its 12 metre resort style mosaic pool.
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Villa Blue Waters, Paradise Point relisted at $9.99 million

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Paradise Point is the most expensive locality in Queensland to purchase a house, according to Investar’s latest report.
The property investment firm says that houses in Paradise Point has a median price of $2.55 million.
This is followed by Surfers Paradise with $2 million and Broadbeach Waters with $1,595,000.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="70">
Bedrooms
</td>
<td valign="top" width="122">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="106">
Paradise Point
</td>
<td valign="top" width="64">
4216
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$2,550,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Surfers Paradise
</td>
<td valign="top" width="64">
4217
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$2,000,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Broadbeach Waters
</td>
<td valign="top" width="64">
4218
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,595,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Mermaid Beach
</td>
<td valign="top" width="64">
4218
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,560,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Clear Island Waters
</td>
<td valign="top" width="64">
4226
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,490,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Sunshine Beach
</td>
<td valign="top" width="64">
4567
</td>
<td valign="top" width="70">
4
</td>
<td valign="top" width="122">
$1,462,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Benowa
</td>
<td valign="top" width="64">
4217
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,400,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Hope Island
</td>
<td valign="top" width="64">
4212
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,399,000
</td>
</tr>
<tr>
<td valign="top" width="106">
Bulimba
</td>
<td valign="top" width="64">
4171
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,362,500
</td>
</tr>
<tr>
<td valign="top" width="106">
Runaway Bay
</td>
<td valign="top" width="64">
4216
</td>
<td valign="top" width="70">
5
</td>
<td valign="top" width="122">
$1,300,000
</td>
</tr>
</tbody></table>
 
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