Gold Coast mansion breaks Queensland record after 48-hour sale
A beachfront mansion on the Gold Coast has sold for $43 million, setting a Queensland residential record after 48 hours on the market.
The four-level house at 79-83 Hedges Avenue, Mermaid Beach, was offered by Jennifer Morris, wife of Barry Morris, director of developer Morris Property Group.
The buyer, an as-yet-undisclosed local businessman, secured the property late on Saturday outbidding six other offers.
It had been listed with a $47.5m asking price.
The sale eclipses the previous Queensland house record of $40m set in August by a waterfront property at 32-34 Noosa Parade, Noosa Heads, bought by Texas-based oil and gas executive Jamie Welch and his wife Fiona.
Other Noosa transactions include Gina Rinehart’s $34m purchase of 17 Webb Road, Sunshine Beach, in 2021; the $28 million sale of 33 Ross Crescent, Sunshine Beach, in September 2023; a waterfront house at 43 Witta Circle, Noosa Heads, which sold for about $30m in May 2024; and the $26.845m sale of 29 Cooran Court, Noosa Heads, in June 2025.
79-83 Hedges Avenue
The Hedges Ave property occupies a 1212 square metre north-facing corner site, originally three-lots, amalgamated by the Morris family between 2006-2007 for a combined $19.55m.
It has 30 metres beach frontage (continues below).
The six-bedroom home, completed in 2011, contains 241 square across four levels with an infinity pool overlooking the beach, a rooftop pool and spa, cinema, wine cellar and basement parking for 12 cars.
Kollosche’s Michael Kollosche negotiated the sale.
Brisbane record
The Gold Coast result follows Brisbane’s $25m residential record, set in October 2025 when 17 Julius Street, New Farm, sold to Chemist Warehouse managing partner Jeff Wasley and his wife Tanya.
The 688 sqm riverfront holding was offered by Graya Constructions co-founder Robert Gray and his wife Meghan, who paid $8.5m in 2022.
The four-bedroom house is expected to be demolished, with Graya contracted to build a new residence estimated to cost $20m.
More to come.
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