Gold Coast homeowners buying and selling in the same estate

first_img82/40 Cotlew St East, Southport sold for $1.9 million earlier this year.IT’S musical chairs in the Gold Coast property market. Southport homeowners are selling up and buying back into the same gated estate.Lucy Cole Prestige Properties agent Jim Sherrah sells the majority of homes in Surfers Waters Estate and said his recent sales have residents either upgrading or downsizing within the community. 82/40 Cotlew St East, Southport sold earlier this year.“They don’t consider leaving the estate due to not only its central location to schools, shops and beaches but its quiet and secure environment,” he said.“It’s a very easy place to live.”“So instead of moving out, residents who might have moved there when their kids are little, they’re kids move out and so they downsize and stay in the estate.” 82/40 Cotlew St East, Southport. Supplied.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North4 hours ago02:37International architect Desmond Brooks selling luxury beach villa23 hours agoHe said buyers could get into the estate at 40 Cotlew St East, Southport for around $1 million.Ian and Karen Taylor have lived in Surfers Waters Estate for 14 years and said it was a “well-kept secret”.“We moved from Sydney and didn’t know this place existed,” Mr Taylor said.“It’s never been heavily publicised and it has a beautiful aspect of the lake.”Jim Sherrah’s top sales at Surfers Water Estate46/40 — $2.39 million82/40 — $1.9 million117/40 — $1.6 million60/40 — $1.4 million90/40- $1.250 million60/40 — $1.4 millionlast_img