K'gari record smashed with $2.65M sale to investor

with Ray White Mooloolaba & Kawana Waters agent Kirstin Cowie, alongside co-agent and auctioneer James Goldsworthy, sold the eight-bedroom, five-bathroom home under the hammer for $2.65 million, a new residential sale record for Fraser Island.

Seven bidders registered to compete and six bid actively, with interest stretching from Western Queensland to the United Kingdom. Every registered bidder on the night was an investor.

The property had been owned and treasured by the Elwood family for 13 years before being brought to market.

Mr Goldsworthy, Ray White Mooloolaba & Kawana director, said the result was a clear demonstration that investors are still moving decisively when the right asset is presented the right way.

“There has been a lot of noise lately about investors stepping back and confidence falling away. This auction told a very different story,” he said.

“Seven investors registered, six fought hard for the property, and the buyer pool came from right across the country and as far as the UK. That doesn’t happen by accident, it happens when you create genuine competition through a transparent auction process.

“This was an online auction, but it was anything but remote. We had seven agents in the room working the phones, supporting bidders and helping people make confident decisions in real time. That’s what ‘We bring the whole team’ looks like.

“The Elwood family entrusted us with a property that has been part of their world for 13 years. Setting a Fraser Island record on their behalf is an outcome we are incredibly proud of.”