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A Brisbane home built from historic materials sold for over $1.5M, double its 2020 value, in a competitive auction amid market rebound and rising rate concerns.
A Red Hill, Brisbane, home built from materials of the historic Treasury Building and Brett's Wharf sold for over double its value from six years ago, exceeding $1.5 million in a competitive auction.
The 276-square-metre property, praised for its condition, dual street access, and city-centre proximity, was won by a young local couple amid a fast-paced bidding war.
Selling agent Michael Kleimeyer cited these features as key drivers.
Meanwhile, AMP chief economist Shane Oliver noted a post-Christmas rebound in Brisbane’s auction market but warned that a recent cash rate hike could slow growth due to declining affordability and reduced supply, predicting a potential market cooldown.
Una casa de Brisbane construida con materiales históricos se vendió por más de $1.5M, el doble de su valor en 2020, en una subasta competitiva en medio del repunte del mercado y las preocupaciones por el aumento de las tasas.