It was supposed to be their dream holiday home on Queensland’s Sunshine Coast, but it seems things haven’t quite gone to plan for Karl Stefanovic’s end-of-year summer break.
“They purchased the house last year for just over $3 million, and have spent $1 million on renovations. Karl looked at the rental potential, and has been seduced by the big bucks he can earn,” explains the insider.
“They were planning on staying the entire holiday period, but money talks! Karl did the sums and figured out if you rent out in the peak periods, the place pays for itself – a no-brainer!”
In a fitting tribute to Jasmine’s late grandmother who passed away late last year, Villa Isabelle now features across a number of high-end Noosa accommodation websites.
“He’s one happy man, especially after he was told the Noosa investment is now worth an eye-watering $5.5 million – that’s given him plenty of reasons to smile!”