A waterfront home on a coveted stretch — where neighbours include Australia’s richest woman Gina Rinehart — has sold for over $6 million over the weekend.
Place Bulimba signed off on a riverfront property at 146 Virginia Avenue, Hawthorne, which fetched over $6m, agent Sarah Hackett confirmed.
The deal, one of the biggest for Brisbane in the residential sector this year, is a sign of positivity for the prestige end of the Brisbane real estate market.
Negotiations were ongoing through election week, with the deal signed over the weekend,
The home is a four bedroom, two bathroom double garage set up sitting on a massive 1,433sq m block of waterfront.
Ms Hackett listed it as a “once-in-a-lifetime opportunity to build your own architectural masterpiece on one of Brisbane’s best riverside streets”.
It has 24m of river frontage, a new, private jetty and pontoon, and stunning views across a wide stretch of the river.
“The original home is comfortable with a new, modern kitchen, large living and outdoor areas, soaking up the mesmerising views,” was how it was described, though the property also has development approval for a “Sumich Chaplin, dream, architectural home, with four ensuited bedrooms, six bathrooms, eight car accommodation and a huge outdoor entertaining and lawn area”.
Ms Hackett expected good things out of the market this year, given the first five months had been stronger than last year.
“The election was a good because people just want confidence and a clear idea of what’s going to happen, but the market has been very strong this year because banks have started to lend this year and money is so cheap. It’s never been better to borrow.”
“We had 100 open houses on Saturday and they were all really busy … Late last year we found the market volatile. It was hard to get (bank) approval even for 14 days. This year we found a complete different turnaround.”