Couple abandon demolition plans for $3.9m move to Mooloolaba

A couple at auction have abandoned demolition plans for a $3.9 million move to Mooloolaba.

The family buyers of the waterfront home had already purchased a property on the Sunshine Coast to knock down, and rebuild on the block, but this flashy address proved irresistible.

For their cash, they have spared themselves a 2025 in the throes of construction.

SOLD - $3,900,000

14 Yulunga Place, Mooloolaba QLD 4557

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The sparkling Yulunga Place home transacted under the hammer on December 14 – one of more than 1800 homes that went to auction on Saturday, as sellers try to confirm their fate before the year’s end.

Domain’s national clearance rate clocked in at 53.8 per cent from 1848 reported auctions.

The Yulunga property, sold by Ray White Mooloolaba’s Ryan Bradeley and Brent Higgins, is in a highly-sought precinct where the esplanade, ocean and river meet.

Bradeley said in his agency’s weekend auction report that bidding opened at $3.2 million, which was considered a strong start.

The contemporary glass and stone home, with a wrap-around pool, open outdoor fire and pontoon, was called on the market at $3.75 million.

“The buyers were a couple from Brisbane with two children, they had already purchased something on the Sunshine Coast and were planning to knock it down and build a new home,” Bradeley said in a statement.

“When this home came along they decided it was better to purchase the property which is arguably in a better position and they wouldn’t have to go through all the construction and building.

“It’s a stunning home and offers the perfect combination of being on the closest residential street to Mooloolaba Beach and the esplanade. This is combined with it being on the waterfront so it’s a very highly sought after locality, and the home in its own right was a high attraction for buyers.”

Bradeley said the 55 groups who toured the property before the auction included a mix of interstate residents and Australians based overseas.

“At the auction we had someone from western Queensland, two locals and the one from Brisbane,” he said.

Auctioneer James Goldsworthy, of Ray White Mooloolaba and Kawana Waters, steered the sale.

Higgins is fresh off a headline-making sale in Mooloolaba.

On December 11 he sold the so-called last beach shack in the suburb, for $2.5 million.

SOLD - $2,500,000

35 Smith Street, Mooloolaba QLD 4557

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Dwarfed by a sparkling glass forest of apartment towers, the fibro shack has been loved by the same family for 60 years, but progress is afoot.

The Smith Street site will become an apartment complex, in a pocket of paradise just 500 metres to the waves.

There is an appetite in Mooloolaba for owner-occupier apartments, but no fast way forward, Higgins said.

“It takes one of these old houses to come up to market to enable the demotion for that to be created, so it is a very slow process to get residential units out of the ground,” Higgins said.

“Mooloolaba has always had a strong contingent of western Queensland and Brisbane holidaymakers. It has a slower pace than the Gold Coast and probably less density.

“But there is a push for and a lack of supply of purely residential apartments in this part of the beach precinct.

“It is the perfect site to build a residential complex, so that people have amenities and can walk to cafes, the beach and the esplanade, but have a property they can call home.”