Could one Palm Beach street be the Gold Coast’s next Hedges Ave?

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:54Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:54 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: To sell or to renovate?00:55 MORE NEWS: Would you buy a half-built house? “Particularly Boodera Rd, you’re seeing that it’s probably the forefront of that Palm Beach movement,” he said.“You’re seeing it turn into your Palm Beach version of Hedges Ave.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“We’re just seeing that level of quality go up in new builds there.“There’s some absolutely beautiful homes there now.”Mr Whitehead said younger generations were leading the charge, spending plenty of time and money on quality builds.“They’re going to great lengths to see that they are a prime product,” he said.“It’s exciting to see. It boosts the surrounding homes and the value of that street.”LJ Hooker Mudgeeraba agent John Fischer said house hunters were willing to pay high prices for homes on the road because it was so close to Tallebudgera Creek and the beach. MORE NEWS: Where is Australia’s most popular location? The properties at 20 Boodera Rd are among the new modern editions. “There are seven properties that have sold above $1 million all in very recent times,” he said.“It’s a nice spot. It’s fast becoming a hotspot for high-end, architecturally-designed homes.”Latest CoreLogic data shows the median house price in Palm Beach has jumped 55.6 per cent in the past five years to $840,000.It has recorded the fourth highest price growth over five years behind Bilinga, Hope Island and Mermaid Beach. A number of properties have been rebuilt or renovated on Palm Beach’s Boodera Rd.A PALM Beach street has been likened to the Coast’s illustrious Hedges Ave because so many luxury properties are replacing older homes.Property records show all the million-dollar sales on Boodera Rd have been notched in the past three years.Most of them have been modern rebuilds or older properties that buyers secured with the intention of renovating or replacing.John Reid Real Estate agent Nic Whitehead said local residents noticed the suburb’s potential years ago and have been gradually transforming it.last_img

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