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flag A Brisbane cottage sold for a record price in a 43-bid auction, reflecting the city’s rapidly rising housing market.

flag 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. flag The home, never previously sold and inherited by two brothers, was purchased by a local couple aiming to renovate it. flag 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. flag Despite a 48% clearance rate in South East Queensland, strong demand drove prices high, with some homes selling for over $1 million. flag Experts warn the rapid growth may be unsustainable, especially as entry-level units now exceed Sydney’s prices, raising affordability concerns.

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