Domino’s boss Don Meij has pocketed serious dough for his Brisbane trophy home.
Meij, the Group CEO and Managing Director of Domino’s Pizza Enterprises, has sold his five-bedroom, four-bathroom abode at 1A Eldernell Terrace in Hamilton, Queensland, for just over $8 million.
While the sale price is withheld on the Domain listing, agent Patrick McKinnon of Place Estate Agents Ascot tells Nine the property sold “in the mid $8 millions”.
“It was a great campaign and privilege to sell such an elegant and iconic home. We had around 60 groups through the property, multiple offers and an incredible reach across social media. The client is pleased with the result,” agent McKinnon tells Nine.
[TAG0]Domino’s boss Don Meij has sold his Brisbane trophy home for just over $8 million. (Place Estate Agents Ascot)
The luxurious property was scheduled for auction in May, however, after negotiations later that month it was back on the market in June with offers accepted over $8 million. The home eventually sold on June 16.
Occupying three levels, the home is an entertainer’s delight with multiple indoor and outdoor living zones including a generously sized terrace.
Situated in the upscale suburb of Hamilton, along the north bank of the Brisbane River, the property offers incredible riverfront and city skyline views.
The kitchen is something you would find in the pages of a glossy magazine with its sleek cabinetry, marble benchtops and top-notch Gaggenau appliances.
There is also a dedicated coffee and bar station, along with a wine cellar.
Should the buyer and their guests wish to break out into a sweat, they can make use of the gym (which could be transformed into an additional bedroom) or basketball court.
The interior aesthetic is luxurious with high ceilings, a neutral colour palette, statement pendant lights, floorboards and gold accents.
Hamilton is an affluent suburb known for its riverside eateries and is 6km north-east of central Brisbane.
Domain’s latest data reveals the median price for a five-bedroom home in Hamilton is $3.6 million.
A national award-winning waterfront home has hit the market, amid a spending spree on lavish properties at Pelican Waters.
No.24 North Point Crescent has attracted plenty of interest from prospective buyers, largely because of its European-inspired aesthetic and modern accents, which maximise the 902sqm canal-front block’s potential.
The residence won best individual home at the 2020 Master Builders Australia Awards.
It has open-plan living and multiple private indoor and outdoor living spaces, with a strong focus on finishes.
Linda Feltman of Henzells Agency said it was a stylish lifestyle property.
“This exceptional waterfront property appeals to a discerning buyer seeking a luxurious and versatile residence, perfect for indulging in a serene vacation retreat or enjoying the epitome of single-level elegance year-round,” she said.
“Built to the highest standards as the personal family home of the owner and founder of one of Queensland’s most successful builders, it features sleek and simplistic external lines with a broad contrast of textures and finishes.”
Ms Feltman said it was the latest property in the area to attract attention.
“The prestige home market in Pelican Waters is surging with several sales in the $3.8 million to $5.8 million range being achieved in recent months,” she said.
“No.24 North Point Crescent continues the trend, with strong buyer interest already flooding in.
“The market is showing no signs of slowing down in this premium waterfront destination.”
The C-shaped single level residence wraps around a fully tiled 7mx4m swimming pool and offers a cognac lounge with stone feature wall and built-in cabinetry, purpose-built blackout soundproof media room, custom panel lift garage door, wrap-around waterfront deck and 180-degree canal views.
The 440sqm home features four bedrooms, three luxury bathrooms, multiple lounge areas, powder room and parking for seven cars, including a three-car blackout garage with a built-in cloak room.
One of the highlights of the home is the master bedroom with waterfront views.
It features built-in cabinetry displays to house a plasma screen and mementos. The exclusive his and hers timber feature robe forms an entryway to the ensuite with floating cabinetry and stone benchtops
The home boasts 3m ceilings and black on-trend Italian porcelain tiles that flow through the entry to the feature swimming pool.
Huge slab glass panels and sliding doors and bi-folds enhance the connectivity with the outdoors.
The private lounge area that opens directly to the pool and pool hut also connects to three large bedrooms, all with custom built robes with 3m high doors and cabinetry.
These rooms flow to the main bathroom and separate toilet. Located at this wing of the home is also a private luxurious guest retreat featuring built-in robes, TV and an ensuite.
The centrally located and elegant kitchen has a titanium granite stone T-shaped island bench. It also doubles as a dining table.
To the side of the kitchen is a huge feature wall, and behind it is a hidden soundproof butler’s pantry that houses well-appointed appliances, a second sink and Zip tap.
Fingerless Monument Matt surfaces complement the cabinetry making for a modern and functional kitchen.
To the side of the kitchen and east-facing canal is a third indoor lounge area built partly on a suspended slab, which cantilevers 2m to give a feel of the room floating on water.
It has built-in plasma screen, cabinetry, architectural styling and large panel glass.
There is a massive outdoor entertaining area with built in barbecue facilities and stone bench.
Auction results
33 Moondara Drive, Wurtulla
Sold under the hammer for $1,050,000
3 Bed, 1 Bath, 2 Car
Home Sunshine Coast, Rebecca Fletcher and Alan Riley
Unit 1/21 Wilson Avenue, Dicky Beach
Passed in at $2,850,00
3 Bed, 3 Bath, 2 Car, Pool
Ray White, Andrew Garland
Unit 2/3 Bott Street, Dicky Beach
Sold under the hammer for $995,000
2 Bed, 2 Bath, 1 Car
Ray White, Andrew Garland
3 Mellum Court, Dicky Beach
Sold under the hammer for $890,000
Land
Ray White, Andrew Garland
64 Croydon Avenue, Currimundi
Sold under the hammer for $838,000
3 Bed, 1 Bath, 1 Car
Ray White, Andrew Garland
35/101 Pacific Boulevard, Buddina
Passed in at $1,800,00
3 Bed, 2 Bath, 3 Car, Pool
Ray White, Ryan Bradeley
864 Yandina Bli Bli Road, Bli Bli
Passed in, now on the market for offers over $1,150,000
3 Bed, 1 Bath, 3 Car
Ray White, Rachel Meyers and Jesse Damaggio
301/7 Venning Street, Mooloolaba
Passed in at $410,000
1 Bed, 1 Bath, 1 Car
Ray white, James Goldsworthy
11/26 Picnic Point, Esplanade
Sold under the hammer for $1,285,000
3 Bed, 2 Bath, 2 Car
Ray White, Ray White, Niall Molloy
302/21 Kombi Street, Bokarina
Sold under the hammer for $1,800,000
3 Bed, 2 Bath, 2 Car
Ray White, Jesse Beutel and Greg Clarke
5 Greenway Place, Mountain Creek
Sold prior to auction for $900,000
4 Bed, 2 Bath, 2 Car
Ray White, Gregory Ward
679/11 Mooloolaba Esplanade, Mooloolaba
Sold under the hammer for $572,000
1 Bed, 1 Bath, 1 Car
Ray White, Taylor Sierp
1/21 Wilson Avenue, Dicky Beach
Passed in at $2,850,000, now on the market for offers over $2,900,000
MORE than $21 million worth of property sold under the hammer at an auction event on the Gold Coast over the weekend.
The event featured 38 lots from five Ray White Gold Coast offices and recorded a 71 per cent clearance rate.
Buyers were out in force with more than 150 bidders and 1,153 viewers online and on-site, with 336 bids taken in total by Ray White Queensland chief auctioneer Gavin Croft.
The top sale of the day was 56 Melville Drive, Pimpama which sold for $1.25 million under the hammer through Jason Atkinson and Tishauna Haynes of Ray White Pimpama.
“The volume of registered bidders yesterday demonstrated a strong appetite to secure Gold Coast property,” Mr Croft said.
[TAG0]56 Melville Drive, Pimpama sold for $1.25 million.
“Particularly strong was the sub $1 million dollar apartment market which saw some hotly contested bidding from both owner occupiers and investors.
“Key points for buyers searching in this market was ease of accessibility to beaches and shopping as well as the aspect of those apartments playing an important role in attracting buyers interest.
“From a house perspective the Coomera and Pimpama markets on the northern end of the Gold Coast were high in demand.
“One auction having 15 registered bidders to secure a quality four bedroom lowset home close to the Dreamworld precinct was indicative of the strength of this market, again around the $1 million price point. In fact we offered 18 homes of this profile across the day and sold 85 per cent.
“Of all the lots offered, 95 per cent of properties had active bidding, a strong statement in itself providing huge confidence to home sellers in their decision making.”
Ray White Broadbeach Waters, Ray White Burleigh Group, Ray White Catanzariti Family Group, Ray White Robina and Ray White Mian Group were involved in the event.
A developer has accelerated the release of affordable land lots in the second stage of his new Greater Brisbane community amid a resurgence in demand for blocks to build on.
HB Land CEO Michael Vinodolac said the Bloom Release 2 in the 577-lot Bellevue master planned community was expected to draw local upgraders and interstate migrants who continue to zero in on the western growth corridor.
“While the population has grown incredibly in recent years, the simple fact is demand still outstrips supply, and we are confident the new release will sell out quickly,” he said.
Bellevue is located at 357 Ripley Road, Ripley in Ipswich. Ripley has been a magnet for buyers throughout the pandemic, with an extra 2,700 people added to the suburb in the 2021-22 financial year alone.
“Ripley remains very affordable compared to other areas of southeast Queensland and is attractive to a range of buyers, including first home buyers, upgraders and interstate and overseas migrants,” Mr Vinodolac said.
[TAG0]Groundbreaking work on the Bellevue site last year.
Sales and marketing for the 18-stage Bellevue project are being handled by Oliver Hume, whose national research head George Bougias said “in terms of value for money, it is hard to go past the Ipswich LGA”.
“There is now extensive infrastructure including schools, retail, transport and lifestyle facilities within easy driving distance, and the Brisbane CBD is only 40 minutes away.”
“There is a reason so many locals and interstate migrants are choosing to head west and make a new life in the Ripley Valley, and we would expect that trend to continue.”
Oliver Hume’s recent Quarterly Market Insights report found in the last five years, Ipswich land prices have surged 55 per cent, with the median lot priced at $320,000 at the end of March and the median value rate ($ per sq m) at $762. It was the second lowest rate behind Logan’s $692/sq m.
Two Brisbane developers are selling a key Sunshine Coast development site, already approved for shops, offices, apartments and a four-star hotel.
The amalgamated nine lots covering just under 5300sq m have views of the Pacific Ocean and Glass House Mountains.
The property at 1-9 Bulcock Street and 45-47 Bombala Terrace in Caloundra is being sold by Colliers via an expressions-of-interest campaign.
Sunshine Coast Council approved the developers—Caloundra Central Pty Ltd—for two towers of up to 15 storeys with 104 apartments, 125 hotel rooms, a medical centre, ground-floor commercial, retail, food and beverage and parking for 277 vehicles in December of 2020.
At the time the construction costs for the project were estimated at $250 million.
Colliers agent James Matley said they had received 65 inquiries in the first week of the campaign, mostly from national developers. Many had come from Sydney and Melbourne.
“Amidst a landscape of limited supply and surging demand for high-end residential properties and hotel offerings, potential buyers are presented with an extraordinary chance to seize the full potential of this remarkable site,” Matley said.
“Recreating such a captivating opportunity on the Sunshine Coast would be nearly impossible.”
[TAG0]▲ The development-ready design will have views of the Pacific Ocean and Glass House Mountains.
Colliers Brendan Hogan said the site was strategically positioned on the main street of Caloundra with immediate access to a diverse selection of dining, retail, and entertainment options.
“The project itself will also bring a scale of retail and commercial that the area is in dire need of,” he said.
Documents from CoreLogic show Caloundra Central picked up the nine lots between April 2015 and August 2021, paying a total $14.81 million.
The directors of Caloundra Central are listed as Peter Dawson, managing director of the Brisbane-based, privately owned property investment and development company Citigate Properties, and Gary Deane, also of Brisbane.
Matley would not be drawn on what the property might fetch. He said the developers had specifically asked to bring the deal to market without a price guide.
An increasing number of development-ready sites have been coming to market in the past 12 months, for a host of different reasons.
Capital raisings, insolvencies, rising construction costs, interest rates and the cost of capital, or just because an owner maybe testing the market, an increasing number of shovel-ready developments are up for sale.
The expressions of interest campaign closes July 20.
Handford Heights, the latest residential development by Heran Building Group, delivers a much needed residential option to the expanding suburb of Taigum in North Brisbane.
The development has caught the eye of a number of family buyers due to the project’s enviable proximity to not only the CBD, but to a number of shops, education options and public transport.
Residents will benefit from being within walking distance to Taigum Primary School and Carseldine Train Station, providing direct access to the city.
Furthermore, the Brisbane Entertainment Centre, St Joseph’s Nudgee College, and the Aspley Hypermarket are all in close proximity, ensuring that residents have easy access to a range of amenities.
Handford Heights boasts an onsite manager who ensures that residents’ needs are promptly addressed, providing a hassle-free living environment.
The development also includes a swimming pool and dedicated recreational spaces, providing residents with areas to enjoy outdoor activities and socialise with their neighbours.
A mix of three and four-bedroom townhouses are still available in the project, with some benefitting from additional study space. The remaining three-bedroom floorplans are priced from $725,000, with the four-bedders starting from $845,000.
Renowned renovators Mitch Edwards and Mark McKie are sharing their best-kept secrets to avoid property-purchasing mistakes as hosts of the new season of Location, Location, Location.
The Block 2021 winners and expert property flippers have a treasure trove of tips for home buyers who may be overwhelmed and unsure how to navigate the property market.
On the show, they leave no stone unturned in the quest to find the perfect property for ordinary Australians who need a helping hand securing their dream home.
“What I have loved about doing this is we have a range of people and family circumstances, and you’ll see when you watch it, people … do get a home and do buy property, who may not have thought they would be able to,” Mark says.
“I love that this is not just about multimillion-dollar properties and buyers. There are some amazing properties, but there are also some properties that will give the audience heart and hope that they will be able to go and do it. It can be a challenge, but you can do it.”
Mitch says the dynamic duo, who have been together for 19 years and have flipped 20 properties, felt genuine joy in seeing people make their dreams become reality.
“It was such a buzz to be a part of it. We feel so privileged that people are trusting us to help them, and when they get their property, it’s such a beautiful place to be there with them,” he says.
While increasing interest rates have unsettled the market, Mitch and Mark say people are still keen to buy a property they can call home.
“The impact of the interest-rate rises has been the absolute opposite of what we would expect,” Mitch says. “In general terms across the nation, we’ve seen a gradual, upward climb in prices which goes against all logic.”
Ahead of the series return on June 30, we asked them: What are the biggest mistakes people make in buying a home, and how can you avoid them?
[TAG0]Mitch and Mark are helping home buyers secure their first property. Photo: Paul A. Broben
Not seeking help or doing your research
You need to have a team – a conveyancer and/or a broker – and you need to manage them and keep pressure on them to deliver.
And do your research, go to auctions and inspections in the areas you’re looking for because you’ll learn about the agents who are selling in that area and can build a relationship with them.
You’ll also see what’s happening in terms of the buyers. You might see people several times that are your competition and it demystifies some of the auction process for you.
Thinking the vendor’s agent is in your court
One thing that people need to be clear on is that the realtor, if they are doing their job, is representing the seller. Don’t be misguided thinking they’re there to help you because, if they’re helping you, they’re not doing the job they’re employed for. They are not the person you should be talking to for advice on the right price for the property.
Not understanding the art of negotiation
Most people get intimidated by an auction or the negotiation process. We’ve found, on this series, that one of the mistakes people make is they don’t realise they can engage in a negotiation. When they do start the negotiation process, the realtor might say they need time to sleep on it. No. Take control of the negotiation and put your own limit on that because what that says is they need time to try to come up with a counter-offer.
Lowball offers
If you go too low, you’re basically saying you’re not serious. You don’t want to insult anyone with your offer. You want to find a point where you think you’d be happy to pay for it and you know that it’s in the game. You want to send a message that says you’re fair and reasonable, you know your business, but you don’t want to overspend.
Not managing your emotions
When people go in and they get their hearts set on a family home, it engages them emotionally. Of course, emotions will kick in, but the better armed you are in terms of knowledge, the better you’ll be able to deal with the emotional aspect of the purchase. A buyer’s advocate for some people takes them away from the negotiation. Everything is done with the purchaser’s approval, but it’s a method of distance where they can have their emotion without it interfering in the process.
![[TAG0]](https://www.qldpropertyinvestor.com.au/wp-content/uploads/2023/06/Brisbane-trophy-home.jpg){kind=link}
![[TAG0]](https://www.qldpropertyinvestor.com.au/wp-content/uploads/2023/06/award-winning-waterfront-home.jpg){kind=link}
![[TAG0]](https://www.qldpropertyinvestor.com.au/wp-content/uploads/2023/06/56-Melville-Drive-Pimpama.jpg){kind=link}
![[TAG0]](https://www.qldpropertyinvestor.com.au/wp-content/uploads/2023/06/Bellevue-in-Ripley.jpg){kind=link}
![[TAG0]](https://www.qldpropertyinvestor.com.au/wp-content/uploads/2023/06/Sunshine-Coast-DA-Ready-Site-Comes-on-the-market.jpg){kind=link}
![[TAG0]](https://www.qldpropertyinvestor.com.au/wp-content/uploads/2023/06/Handford-Heights-Taigum.jpg){kind=link}
![[TAG0]](https://www.qldpropertyinvestor.com.au/wp-content/uploads/2023/06/The-biggest-mistakes-people-make-in-buying-a-home.jpg){kind=link}