Latest news with #PlaceEstateAgents
The Age
16-06-2025
- Business
- The Age
Boatie drops anchor – and $2.3 million – on New Farm top-floor apartment
A man who had spent the past two years sailing around Australia has dropped anchor in one of New Farm's most tightly held riverfront enclaves – splashing $2.3 million on a top-floor apartment that boasts water views from almost every room. The New Zealand-born buyer outbid three others to secure the keys to 42/341 Bowen Terrace – a three-bedroom, one-bathroom 'blank canvas' with panoramic vistas of the Brisbane River and Story Bridge – paying $300,000 over the reserve. The dated apartment sits within a tightly held complex where only a handful of homes have changed hands in recent years. This one last hit the market more than two decades ago. Six bidders registered for Saturday's auction, four of whom raised a paddle. Bidding opened at $1.4 million and quickly jumped. A Far North Queensland buyer jumped in via phone, pushing the price to $2 million. A three-way battle then paused just shy of $2.25 million, when the property was announced on the market. It then became a two-horse race, with the sea-faring buyer coming out on top. Selling agent Aaron Woolard, of Place Estate Agents, said demand for quality apartment stock in New Farm far outweighed supply, fuelling the bidding frenzy. He said the suburb was in the grip of a wider apartment drought. 'The buyer said he would have loved to have gotten it for a little less but he also knew the chances of getting something again like this was slim,' Woolard said.
Sydney Morning Herald
16-06-2025
- Business
- Sydney Morning Herald
Boatie drops anchor – and $2.3 million – on New Farm top-floor apartment
A man who had spent the past two years sailing around Australia has dropped anchor in one of New Farm's most tightly held riverfront enclaves – splashing $2.3 million on a top-floor apartment that boasts water views from almost every room. The New Zealand-born buyer outbid three others to secure the keys to 42/341 Bowen Terrace – a three-bedroom, one-bathroom 'blank canvas' with panoramic vistas of the Brisbane River and Story Bridge – paying $300,000 over the reserve. The dated apartment sits within a tightly held complex where only a handful of homes have changed hands in recent years. This one last hit the market more than two decades ago. Six bidders registered for Saturday's auction, four of whom raised a paddle. Bidding opened at $1.4 million and quickly jumped. A Far North Queensland buyer jumped in via phone, pushing the price to $2 million. A three-way battle then paused just shy of $2.25 million, when the property was announced on the market. It then became a two-horse race, with the sea-faring buyer coming out on top. Selling agent Aaron Woolard, of Place Estate Agents, said demand for quality apartment stock in New Farm far outweighed supply, fuelling the bidding frenzy. He said the suburb was in the grip of a wider apartment drought. 'The buyer said he would have loved to have gotten it for a little less but he also knew the chances of getting something again like this was slim,' Woolard said.
Courier-Mail
11-06-2025
- Business
- Courier-Mail
Sold in 12 minutes: Fund manager's $17.5m penthouse pay day
A top fund manager who took just 12 minutes to buy his mega penthouse with a wellness centre and eight-car garage has sold it four years later for $17.5m. In one of the biggest sales for Brisbane this year, the property at 1821/22 Refinery Parade in New Farm sold after negotiations overnight following four written offers. Brisbane expat Ben Cleary, a director of multi-billion dollar fund manager, Tribeca Investment Partners, paid $10m for the property in 2020 — a record price at the time. RELATED: Qld's 20 biggest home sales of 2024 revealed Place Estate Agents managing director Sarah Hackett negotiated the sale of the property, but declined to reveal the sale price. Sources close to the deal have revealed it was bought by a local family with an international business for $17.5m. Mrs Hackett said the vendors took 12 minutes to inspect the property back in 2020 when they were relocating to Brisbane from Singapore and then amalgamated two penthouses into one and undertook a full renovation. 'The most extraordinary thing about this apartment is the view,' Mrs Hackett said. '360 degrees…I just don't think you can get a better position. The views can't be built out.' She said the four written offers were all from local families, some who owned property across Australia. 'It's just proof that demand for apartment living is so strong,' Mrs Hackett said. 'We've got so many people wanting to downsize and forgo the maintenance of a big home and go to one level of living. . 'They want something of scale, but without the upkeep.' She said many people in New Farm, Hamilton, and surrounding suburbs, were looking to downsize to house-sized apartments. 'One of the perks of this penthouse was the body corporate provided a security guard with a dog every night.' Mr Cleary and his wife, Jane, were revealed as the buyers of a heritage-listed mansion in Sutherland Ave, Ascot, for $23m, which set a new home price record for Brisbane last year. That sale was negotiated by Damon Warat of Ray White Ascot and Jordan Navybox of Cohen Handler Queensland. MORE: Untouched for 80 years: Stunning relic found in Queenslander home
Sydney Morning Herald
26-05-2025
- Business
- Sydney Morning Herald
Mediterranean-style masterpiece built in six months sells for $3.91m
A Mediterranean-style masterpiece built in six months has sold for $3.91 million at auction, with a local couple placing the winning bid 40 minutes after seeing it for the first time. Dubbed Casa Agape, the five-bedroom, four-bathroom showstopper at 68 Burn Street, Camp Hill, features soaring three-metre-high ceilings, a luxe pool house and a media room – and now holds the street's house price record. With a crowd of 150 onlookers, five bidders stepped into the auction ring on Saturday, a local doctor throwing down a $3.5 million opening bid. Bidding climbed in $100,000 leaps to $3.7 million before the auction paused at $3.82 million, with the late-arriving couple negotiating on the floor to seal the deal. 'The whole thing was over in under 10 minutes,' said selling agent Shane Hicks, of Place Estate Agents. 'The couple who got it didn't step foot inside the home until 10.30am – just half an hour before the auction. But they'd studied the floorplan online and once they saw it in person, it exceeded their expectations.' Hicks said the final price exceeded the reserve. 'Nixon Constructions built and an incredible amount of detail went into it to get the floorplan just right. The en suite and walk-in-wardrobe are a level of luxury that's as good as it gets.'
The Age
26-05-2025
- Business
- The Age
Mediterranean-style masterpiece built in six months sells for $3.91m
A Mediterranean-style masterpiece built in six months has sold for $3.91 million at auction, with a local couple placing the winning bid 40 minutes after seeing it for the first time. Dubbed Casa Agape, the five-bedroom, four-bathroom showstopper at 68 Burn Street, Camp Hill, features soaring three-metre-high ceilings, a luxe pool house and a media room – and now holds the street's house price record. With a crowd of 150 onlookers, five bidders stepped into the auction ring on Saturday, a local doctor throwing down a $3.5 million opening bid. Bidding climbed in $100,000 leaps to $3.7 million before the auction paused at $3.82 million, with the late-arriving couple negotiating on the floor to seal the deal. 'The whole thing was over in under 10 minutes,' said selling agent Shane Hicks, of Place Estate Agents. 'The couple who got it didn't step foot inside the home until 10.30am – just half an hour before the auction. But they'd studied the floorplan online and once they saw it in person, it exceeded their expectations.' Hicks said the final price exceeded the reserve. 'Nixon Constructions built and an incredible amount of detail went into it to get the floorplan just right. The en suite and walk-in-wardrobe are a level of luxury that's as good as it gets.'
