While Brisbane is regarded as the affordable eastcoast capital by many, we still have our fair share
Of course, our brilliant outdoor lifestyle combined with easy-going existence, simple CBD access, river and mountain aspects as well as relative abundance of space all combine as attractive foundations for creating quality property desire. While the number of prestige sales in 2019 has actually been lower than in previous years, there’s still been plenty of ooh-la-la property that’s changed hands at the rarefied end of the city’s price parameters.
For starters, there was 95-99 McConnell Street, Bulimba, which is now under contract for $8.4 million.
A palatial five-bedroom, three-bathroom (plus two powder rooms), double-garage home all set on a 1,473 square metre site with 32 metres of Brisbane River frontage. The two-level home offers over 950 square metres of space and is finished to a luxe level. Included are a wine cellar, garden pavilion, inground pool and two private pontoons for mooring your tinnie. For those who want a riverfront home in New Farm without the hassle of a boardwalk between your boat and the open water, then 39 Griffith Street will give you an indication of what it takes. This postwar property on 873 square metres sold for $7.75 million in March 2019.
While there’s no doubt the dwelling looked a bit dated, the position can’t be beaten. Advertised by the agent with statements such as: “Build your dream home, renovate existing postwar home or develop and take advantage of the medium density zoning (STCA)... the options are yours!” It’s easy to see this was all about location, location, location. Reports have come through of a major off-market transaction in October. While we normally to wait for confirmation via our data sources, the Courier Mail have already published the story. 1 King Arthur Tce, Tennyson – now former home of Bronco’s chairman Karl Morris –reportedly sold off-market for more than $16 million. The property sits at the junction of the Brisbane River and Oxley Creek and provides over 4000 square metres of land with close to 100 metres of water frontage. The Morris family built the Bayden Goddard designed home in in 2010.This benchmark sale is the second-highest price achieved in our city’s history. Of course, while Brisbane has a number of detached homes that appeal to prestige buyers, there are apartments that also push the top tier price points. 10/170 Bowen Terrace, New Farm which sold for $6 million in July this year is a prime example.