Port realty kicking up the perfect storm

Real Estate

Howard Salkow

Senior Journalist

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This property in Kewarra Beach is one of the most exclusive homes in FNQ and has a price tag of $5.5m. Image: Sotheby's International Realty

The Perfect Storm is a 2000 American biographical disaster drama film playing to much acclaim and grossing $328 million worldwide. In the context of the Port Douglas real estate market, now is the perfect time to sell high-end properties.

But while million dollar home owners should take advantage of The Perfect Storm – defined as supply and demand in this instance – a Port Douglas realtor says there is no better time to sell as there is a shortage in the market.

“I am in a position where I have clients wanting properties, but there is simply not enough stock for them. I call this The Perfect Storm,” says Barbara Wolveridge, Director, Tropical North Queensland, Queensland Sotheby’s International Realty.

“It’s been an interesting ride for real estate in the tropics, to say the least. I have pretty much sold all my high-end listings except for a couple out of town. However, I have some great listings coming up in Kewarra Beach, Cairns and Mission Beach.

“I must say if anyone is interested in selling their high end property now is a perfect time.”

Wolveridge said she is now looking forward to The Escape Collection coming on board which will be a new offering and we certainly need some new stock.

“One of the interesting things I believe is we are still very much under-priced for quality property compared to most of the bigger cities and places like Noosa, for example.

“This I believe is also one of the reasons why we are seeing so many people interested in buying up here.”

The Escape Collection’s Escape Villas is one of the best developments in the last 20 years to come to Port Douglas. It addresses high-end buyers’ needs and everything is five-star.

Meanwhile, Wolveridge’s latest high-profile property has a $5.5million price tag and is an expansive mansion at 16-18 Stream Avenue, Kewarra Beach. It has 10 bedrooms, 12 bathrooms, pool, tennis court and cinema.

Barbara Wolveridge, Director, Tropical North Queensland at Sotheby’s International Realty

It is located on the western side of the Captain Cook Highway, four kilometres from Kewarra Beach and includes the furniture.

“This is without question one of the most exclusive homes in Far North Queensland,” said Wolveridge.
And although we are midway through the year, Wolveridge has had limited time for her other passion in life, golf.

In May this year, Newsport reported record prices, $60m in sales, buyers from most states and the availability of five exotic islands, are the success stories emanating from one of the world’s leading real estate companies.

A buoyant Wolveridge said at the time she was delighted to report they had reached the $60m worth of sales since 1 July last year and enjoying record prices.

“Over the past nine months buyers have come from all states not just Melbourne and Adelaide, which has been the norm,” she said.

 

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