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NGU CEO Emil Juresic sells Ausbuild MD’s luxe ‘passion project’ and sets Brisbane suburb benchmark

Feb 26, 2024

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Ausbuild joint managing director Michael Loney and his wife Chelsea have boosted their personal project gains by nearly $3.5 million through the swift sale of a striking brand-new home in Carina Heights.

Named Verde, the contemporary five-bedroom, four-bathroom home at 118 Buckley St sold for $3,488,888, five days after it was listed with Emil Juresic of NGU Real Estate.

The hefty sale price was the highest recorded for a residential home on a single block in the leafy suburb in Brisbanes’s east.

Records show just one property in Carina Heights traded for more — a 1,754 sqm site sold for $3.5m in 2010.

While Ausbuild offers house and land packages priced under $1m in emerging southeast Queensland masterplanned communities, the Loneys’ personal portfolio leans to the luxury market.

Mr Juresic said he has handled more than $28m in deals for the industrious couple over the past two years.

The Loneys acquired the 647 sqm lot on Buckley St for $1.225m in May 2022 and built a double-storey home with soaring ceilings, full-height stone walls and expanses of glass along with high-end features including custom lighting, a wine cellar, and pool house with a bar.

Four of the bedrooms have Juliet balconies, including the generous master with dual dressing room, lavish ensuite and a private sitting area.