Minister’s hefty profit on Surfers mansion
CABINET minister Steven Ciobo and wife Astra have sold the riverfront Surfers Paradise property they have called home since 2015 for a hefty profit.
The couple are yet to find a new home in the Moncrieff electorate of the Federal Minister for Defence Industry.
"I'm looking for the right property," Mr Ciobo said yesterday.
"I haven't found it yet but, of course, remain in the electorate."
The Ciobos bought their two-level home at 3 Florence Court on the Isle of Capri from cardiologist Guy Wright-Smith for $2.6 million in June 2015.
It has been sold to the neighbours at 1 Florence Crt, Paul and Michelle Batty, for $3.2 million.
The Batty name also is on No. 5 Florence Crt.
The ex-Ciobo house is on an 1186 sqm site in a prime position fronting the Nerang River. It has six bedrooms.
Florence Court is an exclusive cul-de-sac with only eight titles, one of which is owned by veteran developer Norm Rix and wife Denise.
The Ciobos moved to Florence Crt after selling a waterfront home in Savoy Drive, Broadbeach Waters, for $1.62 million in late 2014.
Before that they had planned a new home in Benowa's Heeb St but ditched that idea and sold the hilltop lot, which had cost them $532,000 in 2009, for $470,000.