News Corp Australia Network
MORE evidence buyers are out in force and willing to spend big, with a riverfront Brisbane mansion fetching $8.45 million within days of hitting the market.
The sale of the big, family home on 1923 sqm at 116 Queenscroft St, Chelmer, has set a new price per square metre record for the suburb, and is the second biggest sale of all time.
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Records show the sellers, who are downsizing, bought the property in July 2010 for $5.35 million.
Heath Williams, who marketed the property with co-agent Ann-Karyn Fraser, said the buyer was a local family from the area who was looking to upgrade.
“They came the first day it was on the market,” Mr Williams said. “There were two competing buyers, and both submitted offers in the first couple of days.”
Mr Williams said the fact the home was so large, was north-facing, flood-free and on the river were major selling points.
Features include five bedrooms, five bathrooms, an infinity pool and lounge deck, a private pontoon, wine cellar, and garaging for four vehicles.
“There’s limited stock, and I think everyone’s gotten tired of waiting for the world to collapse and are just getting on with it,” he said.
“There’s a lot of activity suddenly. Interest rates have been on hold for a while now, so people are seeing it as safe to wade back into the water.”
Mr Williams said he had also just sold a historic home at 44 Moreton St, New Farm, for higher than the asking price of offers over $4.1 million.
“It’s shaping up to be a cracking spring.”
The highest residential sale in Chelmer is 37 Morley Street, which Mr Williams sold for $8.8m two years ago.