Key Takeaways
- Former Defence Minister Peter Dutton is selling his 68.1-hectare Dayboro estate, which he purchased for $2.165 million in 2020.
- The property has undergone an extensive renovation program and features a six-bedroom, four-bathroom farmhouse, a resort-style pool, and a restored full-size tennis court.
- The estate is expected to fetch a multimillion-dollar price, with speculation ranging from $3 million to $8 million.
- The auction will be held on December 12, and there has been strong interest from buyers who are impressed by the property’s heritage and modern architecture.
- The sale of the property is part of the Dutton family’s decision to downsize, with their youngest child having recently turned 20.
Introduction to the Property
Former Defence Minister Peter Dutton is set to make a significant profit from the sale of his Dayboro estate, which he purchased for $2.165 million in 2020. The 68.1-hectare property has undergone an extensive renovation program, which has wowed social media followers and sparked speculation about its potential sale price. The estate features a six-bedroom, four-bathroom farmhouse, a resort-style pool, and a restored full-size tennis court, making it an attractive lifestyle property for potential buyers.
Renovation and Restoration
The Duttons have put a lot of money and effort into refurbishing the property, which was previously a dairy farm. The renovation program has carefully preserved the original Queenslander and added a stunning modern architectural extension with a jaw-dropping stone fireplace made with rocks collected from a creek on site. The property’s natural creek and bushland setting have also been showcased in the listing photos, which have generated significant interest from potential buyers. The agent representing the property, Vicki Pain, has noted that the owner has shown great respect for the property’s heritage and has created a truly unique and luxurious estate.
Market Speculation
The lack of comparable sales in the area has led to speculation about the potential sale price of the property, with some estimates ranging from $3 million to $8 million. While Queensland rules prevent real estate agents from listing a price guide, the property’s unique features and luxurious amenities are expected to attract high-end buyers. The sale of similar lifestyle properties in the area, such as a 49-hectare equestrian estate listed for $13-14 million, suggests that the Duttons’ property could fetch a significant price.
Auction and Potential Buyers
The auction of the property will be held on December 12, and there has been strong interest from buyers who are impressed by the property’s heritage and modern architecture. The Duttons’ decision to downsize, with their youngest child having recently turned 20, has led to the sale of the property, which is expected to attract buyers looking for a luxurious lifestyle estate. The property’s proximity to Brisbane CBD, approximately 50km away, and its unique features, such as the creek and bushland setting, make it an attractive option for buyers seeking a rural retreat.
Comparative Sales
While there are few comparable sales in the area, recent sales of lifestyle estates in Greater Brisbane and the Sunshine Coast Hinterland have ranged from $2.05 million to over $5 million. A designer four-bedroom house with panoramic hinterland views and off-grid self-sufficiency sold for $2.05 million in November, while a large-scale grazing operation spanning 1217 hectares sold for $5.7 million. These sales suggest that buyers are willing to spend big on luxury lifestyle properties, and the Duttons’ estate could potentially fetch a high price.
Conclusion
The sale of Peter Dutton’s Dayboro estate is expected to generate significant interest from potential buyers, with its unique features, luxurious amenities, and heritage architecture making it a highly desirable lifestyle property. While the lack of comparable sales in the area has led to speculation about the potential sale price, the property’s proximity to Brisbane CBD and its unique features make it an attractive option for buyers seeking a rural retreat. The auction on December 12 will determine the final sale price, but one thing is certain – the Duttons’ estate is a truly unique and luxurious property that is sure to impress.
