Chapel Hill market, south-east Queensland, strongest in five years: Reuben Packer-Hill, McGrath

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Oct 26, 2017

Chapel Hill market, south-east Queensland, strongest in five years: Reuben Packer-Hill, McGrath

Confidence in the top end of the Chapel Hill, south-east Queensland, market has improved dramatically in the last year, and the record sale price sets a new benchmark for the area, says agent Reuben Packer-Hill of McGrath Paddington.

An exquisite architect-designed home at 71 Tristania Road, Chapel Hill, has sold for more than $3.6 million, a suburb record.
There is plenty of 'wow' factor in the home at 71 Tristania Road, Chapel Hill, to generate a record sale price.
An exquisite architect-designed home at 71 Tristania Road, Chapel Hill, has sold for more than $3.6 million, a suburb record.
An exquisite architect-designed home at 71 Tristania Road, Chapel Hill, has sold for more than $3.6 million, a suburb record.
An exquisite architect-designed home at 71 Tristania Road, Chapel Hill, has sold for more than $3.6 million, a suburb record.

A six-bedroom, architect-designed home at 71 Tristania Road, Chapel Hill, has been sold for a suburb record.

While the sale price hasn't been disclosed, agent Reuben Packer-Hill of McGrath Paddington says it was significantly more than the previous suburb record of $3.6 million set in 2015.

Packer-Hill said, “The Chapel Hill market is the strongest that I have seen it over the past five years.

"In the last 12 months I’ve seen confidence, at the top end of the market in particular, improve dramatically and we’re seeing new benchmarks set constantly," he said.

“The biggest driving forces in Chapel Hill right now are downsizers moving out of the family homes they’ve lived in for 30 years and young families moving in, wanting a piece of the area," he said.

The record sale price sets a new benchmarket for the area, said Packer-Hill.

Click here to view the Luxury List profile for 71 Tristania Road, Chapel Hill.