LAST year this Mermaid Beach pad sold for $8.4 million. This month it is under conditional contract for $3 million more.
Industry experts say the preliminary sale of the Albatross Ave property is the latest sign of a real estate boom in the waterfront suburb, not seen in seven years.
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A contract has been signed for around $11 million to buy 107 Albatross Ave, Mermaid Beach.