Qld $32m record-breaking sale for beachfront penthouse

A buyer has paid $32m for a penthouse on the Gold Coast that’s not even built, smashing Queensland’s apartment record. Picture: Supplied A buyer has paid a staggering $32m for a penthouse on the Gold Coast that’s not even built, smashing Queensland’s apartment record. The sale, in the $500m Nalu development in Miami, trumps the previous record set earlier this year in Burleigh Heads by $2m. The landmark transaction follows a $26.25m sale of a second Nalu penthouse, with both homes bought by local families. It follows a bumpy year for the property market with a fifth interest rate rise this week, controversial tax changes, and falling homes values. Nalu is being built on the Gold Coast. Picture: Supplied The $32m penthouse spans 1466sq m on level five and includes a rooftop on level six. Picture: Supplied “Buyers are certainly more discerning in the current market, but these transactions reinforce that confidence remains exceptionally strong for properties offering genuine scarcity, quality and long-term value,” said Kollosche selling principal Michael Kollosche, who is marketing Nalu. “The market hasn’t lost its appetite for quality. “Buyers are simply becoming more selective about...