Brisbane buyers out in force, drop $11.5 million in days

13/03/2019

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Hamptons goals: 63 Amy Street, Hawthorne.Spring selling season has well and truly arrived in Brisbane, with three properties totalling over $11.5 million changing hands within only a few days.
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Brisbane buyers were out in force last week, spending up big on sprawling family homes in time for Christmas and the New Year. The two top sales were negotiated by Sarah Hackett, director of Place Estate Agents.

The spending spree started with 63 Amy Street, Hawthorne, a luxurious Hamptons-inspired designed home worthy of any American dream, which smashed the street record when it was snapped up for $3,665,000.

Amy Street is set back two blocks from the river in Hawthorne’s sought-after avenues precinct. The five-bedroom, four-bathroom picture-perfect property featuring bespoke cabinetry, parquetry timber flooring and the Hampton’s signature light-filled interiors drew a buyer frenzy from families who fell in love with the design and location.

Only a few streets away, a majestic Queenslander at 57 Barton Road sold for $1.91 million. Set on 567 square metres of land, the house, which was also meticulously renovated in the Hamptons style, changed hands in a lightning-fast off-market deal brokered by Taylor Kleinberg and Luke Batchelor of Place Kangaroo Point.

Mr Batchelor said most of the buyers purchasing locally in Hawthorne were Sydney buyers. “I literally had one buyer come up to me clutching a print out of the most liveable suburbs in Brisbane that she’d found on the internet,” he said.

“The prices that people are paying for renovated properties here is phenomenal ??? we can’t keep up with demand at the moment, everything we list sells within two weeks or doesn’t make it to the market at all.”

The biggest sale in Brisbane last week was 34 Mullens Street, Hamilton, the iconic landmark hilltop property better known as “Cremorne”, which sold at auction last week for $5,975,000 to a young family moving to Brisbane from a rural area.

“Cremorne” was built by a publican in 1905, and was owned by his family until it was sold in 1998. It was designed by influential Queensland architects Eaton and Bates and is the only surviving example of their work in the state.

A jaw-dropping and award-winning renovation increased the floor plan to include five bedrooms, five bathrooms, and a host of stunning contemporary features.

Cremorne was bought in December 2015 by Fone Zone co-founder David McMahon and wife Tracey, who paid $6.62 million for it. But less than one year later they made plans to move to Aspen, Colorado for work. The couple now spend nine months of the year in the United States. Brisbane houses flat except for the top endThe Brisbane suburbs where no one leavesBrisbane couple’s heart-warming auction win

“The owners are extremely happy,” Ms Hackett said. “It’s a property that deserves love and care and needs a family to live in it and not sit vacant for nine months of the year.