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A Brisbane cottage sold for a record price in a 43-bid auction, reflecting the city’s rapidly rising housing market.
A century-old Brisbane cottage in New Farm sold for a record price after a 43-bid auction, surpassing its reserve and setting a new street record.
The home, never previously sold and inherited by two brothers, was purchased by a local couple aiming to renovate it.
The sale reflects Brisbane’s soaring housing market, where median house prices hit $3.3 million—up 17.9% in a year and 101.2% over five years.
Despite a 48% clearance rate in South East Queensland, strong demand drove prices high, with some homes selling for over $1 million.
Experts warn the rapid growth may be unsustainable, especially as entry-level units now exceed Sydney’s prices, raising affordability concerns.
Una casa de campo de Brisbane se vendió por un precio récord en una subasta de 43 ofertas, lo que refleja el rápido aumento del mercado de la vivienda de la ciudad.