The sale of Tony Smith’s Mermaid Beach mansion has boosted market confidence.CONFIDENCE in the Gold Coast residential real estate market is building off the back of the biggest sale the city has seen in years and new data showing early signs of a comeback. The real estate sector has been buzzing following a record $25 million deal which saw beachclub developer and former ALF footballer Tony Smith and wife Simone sign over their Mermaid Beach family home to a mystery Melbourne buyer this week. Positive real estate rhetoric and strong buyer activity are starting to have an impact on seller confidence too, with new data showing the first signs of a comeback.Seller visits to the Agent Search section of listings site realestate.com.au (REA) are up 15 per cent on the same time last year and 22 per cent up on a three-month national average.Meanwhile, visits that convert to a match lead – when a seller is connected with an agent – are up 2 per cent on the previous year.“The increase in seller search activity is seemingly off the back of very high levels of buyer search activity, as opposed to emerging distress, which will hopefully have a positive flow-on effect,” reports REA Chief Economist Nerida Conisbee. MORE: Tony Smith’s beachfront mansion sells for a record $25m Buy a mansion for $5.9m, get a free cruiser Huge hinterland holding offered for the first time in a century Buyers have been lined up for a look inside 55 TE Peters Dr, Broadbeach..Real Estate Industry of Queensland Gold Coast zone chair Andrew Henderson said big-ticket sales in the current climate would have a positive effect on general market confidence.“If someone makes the decision to purchase a residential home for $25 million then that does give confidence to those who are also in a position to buy,” he said. “Real estate is a long-tern investment so there’s comfort in that mindset.”In a further sign of market confidence, Gold Coast Bulletin readers will today receive two editions of the real estate magazine, with advertisements exceeded the 144-page capacity for the first time in recent memory.More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago The Hamptons-meets-Bali style home at 2 Heron Ave, Mermaid Beach sold for $25 million.The unconditional contract, signed in an off-market deal on Monday night, equals the price former Billabong shareholder Scott Perrin achieved for his Mermaid Beach mansion in 2016.Harry Kakavas, the prestige agent who handled the sale, said such a significant deal during the COVID-19 period marked a major vote of confidence in the Gold Coast market.“The buyer has incredible faith in the Gold Coast being a very resilient property market,” Mr Kakavas said.“People are still prepared to put their hand in their pocket to buy quality property.”Indeed, strong turnouts are being reported at open homes across the city as buyers embrace the easing of COVID-19 restrictions.