“Most of our sales in the current market are cash unconditional contracts with many properties selling before the first open house.” said Alex Jordan of McGrath Paddington.

Topping the list was the long-held home of Clive and Nita Hildebrand at 171-175 Laurel Avenue, Chelmer which sold for $6.35 million. 

The Hildebrands raised their family in the exceptional riverfront property. Spanning 3379 square metres, the site is divided into three lots with the charming five-bedroom weatherboard house sitting on the street-front lot of 1845 square metres. A rolling lawn to the riverfront with a private jetty is divided into two large lots.

Image: 171-175 Laurel Avenue, Chelmer   Source: McGrath

Alex said it is extremely rare to find a property of this calibre. “Laurel Avenue is one of Brisbane’s best streets and this block is one of the best in the street,” he said.

The Hildebrands were keen for another family to benefit from their much-loved home.

The buyers, a young family originally from the UK, will renovate the weatherboard house and retain the two blocks for the future use of their children. They may add a tennis court in time.

Alex's second sale on the weekend was 525 Jesmond Road, Fig Tree Pocket.

Image: 525 Jesmond Road, Fig Tree Pocket   Source: McGrath

The colossal, modern seven-bedroom home on 5638 square metres includes a domed library, home cinema, guest house and Hollywood-style pool. It sold for $5,575,000.

The third property, a Mid-Century house at 92 Orchard Terrace, St Lucia sold for $1.95 million.

A local buyer bought the Ferrier Baudet Architects’ updated house for its position in the school catchment for Ironside State School and St Peters Lutheran College.

 

Image: 92 Orchard Terrace, St Lucia   Source: McGrath    

Alex said the Brisbane property market is experiencing unprecedented demand from interstate and expat buyers.

“These buyers have much bigger budgets and are outbidding local buyers particularly at the higher end of the market,” he said. “The shortage of supply in Brisbane is only adding more strength to values as property owners are gaining about 2.5 per cent a month in capital growth,” he added. 

Alex's other sales in the five-day period were:

• 303C Kenmore Road, Fig Tree Pocket – Cash, unconditional -$3,535,000

Image: 303C Kenmore Road, Fig Tree Pocket     Source: McGrath 

• 260/26 Patrick Lane, Toowong – Cash - $2,200,000 Sold off market 
• 50 Bentinck Street, Sherwood  – Cash, unconditional - $2,150,000
• 31 Hanlan Street, Chelmer – Cash, Unconditional - $2,055,000

Image: 50 Bentinck Street, Sherwood   Source: McGrath

• 37/75 Jacaranda Place, Indooroopilly – Cash, unconditional - $1,630,000
• 5/51 Mitre Street, St Lucia – Conditional $1,100,000
• 3/166 Birdwood Road, Carina Heights – Conditional - $630,000

Image: 31 Hanlan Street, Chelmer   Source: McGrath

To discuss marketing or similar properties properties for sale phone or email Alex Jordan via the contact form below.

Video: 525 Jesmond Road, Fig Tree Pocket   Source: McGrath

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