What do you get for your millions?

This can all be yours! Mandalay House at Airlie Beach, is up for sale. Picture: Supplied Source: Supplied

PROPERTY is on the rebound, with confidence at a three-year high, a mega-mansion in Airlie Beach up for sale and investors snapping up bargains at a blue-ribbon auction on the Gold Coast.

The Property Council-ANZ Property Industry Confidence Index for the quarter to March found national property industry confidence had jumped eight points from the December quarter, reaching a high of 140 points - the best in three years.

And the owners of this Airlie Beach mansion are hoping to cash in on the trend; the asking price of $25 million would make it one of the most expensive homes ever sold in the state.

The new-found optimism was also evident on the Gold Coast yesterday, where crowds gathered at the Gold Coast Turf Club for The Event Auction.

This can all be yours! Mandalay House at Airlie Beach, is up for sale. Picture: Supplied

The Ray White Surfers Paradise Group sale, now in its 21st year and arguably Australia's biggest, had a clearance rate of 52 per cent last night, with $17.5 million worth of property selling under the hammer.

More than 100 properties went on the chopping block, from luxury homes at Sanctuary Cove to cheap units in Surfers Paradise.

Ray White Surfers Paradise boss Andrew Bell said several of the properties that went under the hammer yesterday commanded prices above the reserve.

This can all be yours! Mandalay House at Airlie Beach, is up for sale. Picture: Supplied

Back up north, it will take deep pockets to secure the 4200sq m Mandalay House at Airlie Beach. That buys you a marina big enough for two 21m yachts, a helipad, climate-controlled wine cellar with dining for 12, six king-size bedrooms, nine bathrooms and an infinity pool overlooking the Whitsundays.

The $25 million would not be a record, however, pipped by the $28 million that former AFL player Tony Smith achieved for his Gold Coast mansion several years ago.

Inside Mandalay House at Airlie Beach. The property is up for sale. Picture: Supplied

nside Mandalay House at Airlie Beach. The property is up for sale. Picture: Supplied

The view from Mandalay House at Airlie Beach. The property is up for sale. Picture: Supplied