Queensland’s richest residential auction

September 28, 2020 | |Post a Comment

first_imgThe solid concrete home has a mix of renovated and original features with three bathrooms.Bidding started at $4 million and moved to $7 million in two minutes. The rest of the bidding occurred privately between two bidders and the sellers, with auctioneer Haesley Cush keeping the crowd on the pool deck updated.After 20 minutes the bid had been raised to $7.5 million.Ten minutes later a further bid of $7.75 million was made privately and the house was officially put on the market for sale.Mr Cush resumed the public auction but with no further bids, it was sold to the Seymour family. Eight bidders took the 873sq m property to auction yesterday in a 40-minute showdown before a crowd of more than 80 on the pool deck. Four of the bidders were active. Brisbane’s strong prestige market secures spot on top 100 for first time The property has direct water access and is two doors down from the Sydney St Ferry Terminal.“This is a great sale for Brisbane and the prestige market and a good sign of things to come,” he said.The sale supports Brisbane’s 2019 debut on an international index which ranks cities according to the growth of their luxury housing market, with Brisbane outperforming Melbourne and just behind Sydney, to claim the 31st spot. It’s been held by the one family for 20 years, now this riverfront property has sold for a record price.A MULTI-level residence on the Brisbane River sold under the hammer on Saturday for $7.75 million, making it the fifth richest house in Brisbane City.The five-bedroom house with granite and marble staircases, at 39 Griffith St, New Farm, was last sold in 1999 for $1.2 million.With his grandfather, Queensland developer Kevin Seymour, on the phone, Ben Seymour made the winning bid from behind the pool gate, with a crowd of more than 80 on the connecting pool deck. MORE REAL ESTATE STORIES Queensland’s top sales of all time More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agocenter_img Brisbane’s prestige market grew by 3.1 per cent in 2018.The Prime International Residential Index recorded a 3.1 per cent growth in Brisbane’s luxury housing market last year.RELATED: The upstairs lounge room where sellers Allan and Glenice Mein were waiting while the auction took place on the pool deck below them.The property’s medium density zoning attracted homeowners, investors and developers from Melbourne, the Gold Coast, and Brisbane including the neighbouring Gambaro family, icons of the Brisbane restaurant scene, and the electrician who worked on the original build in the early 1980s.“In its day it would have been one of the most luxurious homes, and it’s built like a brick boatshed,” the electrician said.“It was the biggest house I ever worked on and this is my first time back.“The chandeliers themselves cost as much as a house.” From the back of the pool area, there are city views or you can look straight across to Shafston House at Kangaroo Point.Developers, Allan and Glenice Mein, raised their children and 8 grandchildren at 39 Griffith St. At one time, two of their children and six grandchildren were living in the house with them.Mr Seymour met the couple after the auction.“This is a fantastic property, a fantastic home,” he said.“You must have many great memories here.”Mrs Mein shook his hand warmly.“You were just so relaxed and professional,” she said to him.“You weren’t like I was.“Will your family move in here? I hope they do because it is a fantastic place.” The blue pearl marble staircase at the front entrance.Ray White New Farm principal Matt Lancashire said the result made it the top residential auction sale in Queensland. >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<<last_img



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