The Queensland hinterland property making waves across the Pacific
There’s more than a touch of magic about this showstopping home that is ready for anything
There’s more than a touch of magic about this showstopping home that is ready for anything
It has only been on the market for a few days but this spectacular property south of the Gold Coast is already turning heads.
Director at PRD Real Estate Burleigh Heads, John Fischer, said he has been fielding calls from as far away as the United States about the Jayson Pate designed Dahlia Estate at 53 Gibsonville Street, Tallebudgera.
The boomerang-shaped, two-storey property includes four bedrooms, four bathrooms and space for five cars across the 940sqm floorplan designed to capitalise on the views of bushland and the abundant natural light.
Fully completed just last year, the property is being offered for sale by the owners, who are licensed builders.
Set within a 5.4ha estate in the Coolangatta hinterland with views to Springbrook and The Cougals, the house wraps around a Palm Springs-style heated magnesium swimming pool with a tennis court and viewing platform to the side. There’s even room to land a helicopter.
As might be expected from a property like this, all the extras have been included, from a four-person sauna and outdoor gym area to a spacious home theatre, a wine cellar and light-filled home office big enough for two. The entertainer’s kitchen has dual Miele ovens, induction cooktop, integrated dishwasher and microwave and steamer ovens. The butler’s pantry is equipped with a Zip tap for hot, cold or sparkling water as well as an InSinkErator.
The home is fully automated with Control4 smart home technology and nine music zones. Robotic mowers maintain the lawns.
The home’s electricity needs are offset by a 26kW solar system with 52 panels and 16kW battery back up. A 50,000L rainwater tank is in addition to the 10,000L firefighting storage and 10,000L irrigation tank. The guest house also has a 2,000L rainwater tank.
Designed for resort-style living, the property is still little more than a 30 minute drive from the main action on the Gold Coast.
While Fischer would not be drawn on price, he pointed to Buddy Franklin’s purchase late last year of a $9 million property at nearby Reedy Creek as a guide.
“And this is a far superior property,” Fischer said.
Address: 53 Gibsonville Street, Tallebudgera
For sale: Expressions of interest close 5pm April 17
Agent: John Fischer, director PRD Real Estate Burleigh Heads 0478 071 623
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
The Republican nominee says it would help bring down home prices, though these buyers account for a fraction of U.S. home sales
Former President Donald Trump said he would ban undocumented immigrants from obtaining home mortgages, a move he indicated would help ease home prices even though these buyers account for a tiny fraction of U.S. home sales.
Home loans to undocumented people living in the U.S. are legal but they aren’t especially common. Between 5,000 and 6,000 mortgages of this kind were issued last year, according to estimates from researchers at the Urban Institute in Washington.
Overall, lenders issued more than 3.4 million mortgages to all home purchasers in 2023, federal government data show.
Trump, the Republican presidential nominee, made his comments Thursday during a policy speech to the Economic Club of New York in Manhattan.
Housing remains a top economic issue for voters during this presidential election. Rent and home prices grew at historic rates during the pandemic and mortgage rates climbed to levels not seen in more than two decades. A July Wall Street Journal poll showed that voters rank housing as their second-biggest inflation concern after groceries.
Both major candidates for the 2024 presidential election have made appeals to voters on housing during recent campaign stops, though the issue has so far featured more prominently in Vice President Kamala Harris ’s campaign.
Trump has blamed immigrants for many of the nation’s woes, including crime and unemployment. Now, he is pointing to immigrants as a cause of the nation’s housing-affordability crisis. Yet some affordable-housing advocates and real-estate professionals said Trump’s mortgage proposal would fail to bring relief to priced-out home buyers.
“It’s unfortunate that given the significant housing affordability crisis that is widely acknowledged across most partisan lines, we are arguing about a minuscule segment of the market,” said David Dworkin, president of the National Housing Conference, an affordable-housing advocacy group.
Gary Acosta, chief executive of the National Association of Hispanic Real Estate Professionals, a trade organization, said, “It’s just another effort to vilify immigrants and to continue to scapegoat them for any issues that we have here in the United States.”
A Trump campaign spokeswoman didn’t immediately respond to a request for comment.
Undocumented immigrants in the U.S. can obtain an obscure type of mortgage designed for taxpayers without Social Security numbers, most of whom are Hispanic. The passage of the USA Patriot Act of 2001 allowed banks to use identification numbers from the Internal Revenue Service as an alternative to Social Security, extending a number of financial services to people without legal status for the first time.
Mortgage loans for undocumented immigrants are typically higher interest and borrowers include legal residents who have undocumented spouses, Acosta said. Lenders include regional credit unions and community-development financial institutions.
In his speech, Trump said that “the flood” of undocumented immigrants is driving up housing costs. “That’s why my plan will ban mortgages for illegal aliens,” he said.
Trump didn’t elaborate on how he would enact a ban on such loans.
Though mortgages for undocumented people living in the U.S. are relatively rare, residential real-estate purchases by foreign nationals are big business , especially in expensive coastal cities such as New York and Los Angeles. These sales have declined in recent years, however.
Close to half of foreign purchases are made by people residing abroad, while the other half are made by recent immigrants or residents on nonimmigrant visas, according to an annual survey by the National Association of Realtors. Many affluent foreigners buy U.S. homes with cash instead of obtaining mortgage financing.
In his Thursday speech, which focused mostly on other economic matters such as energy and taxation, Trump proposed other measures to bring down housing costs, including cutting regulations for builders and allowing more building on federal land. Similar ideas appeared in the housing policy outline Harris released in August .
The former president has spoken on housing-related issues in speeches at other recent campaign stops, including in Michigan last month, where he touted his administration’s 2020 overturn of a policy that had encouraged cities to reduce racial segregation .
“I keep the suburbs safe,” Trump said. “I stopped low-income towers from rising right alongside of their house. And I’m keeping the illegal aliens away from the suburbs.”
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.