Brisbane home set to fetch record price amid luxury property boom
An Indooroopilly mansion has been tipped to beat auction records when it hits the luxury property market, set to top the tender price of $9.91 million.
At over 6000 square metres, the riverfront property features a tennis court, infinity pool, private library and wine cellar, decked out with handcrafted furniture and original sculptures.
Home owner Rebecca Pullar said she designed the home with her eclectic tastes in mind.
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“The house is filled with memories of our travels throughout North and South America, India, Indonesia,” Ms Pullar said.
“At a time when we can’t travel overseas it doesn’t seem like it matters in a home like this. This is like your own private sanctuary, it has something for everyone.”
The Queensland luxury property market has experienced a recent boom, toppling pre-pandemic records and attracting immense interest from buyers nation-wide.
Jason Adcock of Adcock Prestige said this property would be no exception.
“Homes like this in Sydney would be $60-70 million,” Mr Adcock said.
“I’m predicting this property is going to smash the auction record for Brisbane, which currently stands at $9.91 million.”
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Rachael Spinks of Spinsco Residential said she’s seen interest in the Queensland luxury real estate market double.
“The demand has grown over 100 per cent, particularly for the high-end homes,” Ms Spinks said.
“With a lot of buyers from the Sydney and Melbourne and expat buyers, buying into the Brisbane market realising we have such an ideal lifestyle here, and people are able to work from home.”
She used a 1928 Hamilton home designed by renowned architect Richard Gailey as an example of what’s on offer.
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Damon Warat from Ray White Ascot on the Gold Coast added that sunshine state sales have been astounding.
“We would be selling twice as many properties above the $5 million mark in half the time,” he said.
He’s currently selling a riverside jewel listed for $2.5 million with a cinema, state-of-the-art wine cellar, parking for eight cars, and 20 metre pontoon designed for luxury yachts.
“It’s pretty normal to expect a 20 to 30 per cent uplift on those properties,” Mr Warat said.