Brisbane Property Market Archives

In one of Brisbane’s most exclusive postcodes, a heritage home at 104 Alexandra Road, Ascot has made headlines after selling for about $9.8 million — and it happened in just five days.

The sale marks a new record for Alexandra Road, a street already known for its grand homes and leafy outlook.

The Home and Its History

The property sits on a generous 1,275-square-metre block and features four bedrooms, five bathrooms, and parking for four cars. Originally built around 1936, it was carefully modernised to balance its classic charm with contemporary comfort.

The design encourages indoor-outdoor living, with wide terraces, open pavilions, and landscaped gardens that make the most of Queensland’s subtropical climate.

Among its standout features are a 25-metre lap pool, a separate pool house, and an underground level that includes a wine cellar, cold room, and four-car garage. Smart-home technology has been integrated throughout, along with a sustainable irrigation system.

The Sale and Its Significance

The property was listed through Ray White New Farm and attracted strong buyer interest immediately. Despite its premium price point, the campaign lasted less than a week before a sale was finalised.

The quick turnaround reflects both the limited supply of prestige properties and the continued strength of Brisbane’s high-end housing market. Industry analysts noted that few properties in Ascot or nearby Hamilton achieve prices near $10 million, making this transaction a clear indicator of confidence in Brisbane’s luxury sector.

Agents described it as a new benchmark for the suburb and a sign that demand for top-tier homes remains firm even amid broader economic uncertainty.

A Record and a Reflection of Demand

The vendors, who had owned the property for about 15 years, decided it was time to move on, opening an opportunity for a new buyer to take on one of the suburb’s standout homes. The sale adds to a growing list of multimillion-dollar results across Brisbane’s inner north, a trend driven by limited stock and a preference for established prestige suburbs like Ascot.

The success of this short campaign highlights that well-presented, architecturally distinctive homes continue to attract buyers quickly when they appear on the market. It reinforces Ascot’s long-standing reputation for elegance, privacy, and lifestyle — qualities that make it one of Brisbane’s most desirable addresses.

Published 22-Oct-2025

Postcode 4007, covering the blue-chip suburbs of Ascot and Hamilton, has once again proven its standing in Brisbane’s prestige property market. Over the past 12 months, three standout sales have set the tone for what buyers are willing to pay to secure a home in one of the city’s most desirable enclaves.

22 Yabba Street, Ascot – $10.5 million

The top sale in the area, and among the highest recorded in Brisbane for the year, was 22 Yabba Street, which changed hands for an impressive $10.5 million. This sale reflects a growing appetite for large, well-appointed homes in tightly held pockets.

Set on a generous parcel of land, the residence offers a rare combination of scale, privacy and premium amenities, including a tennis court, pool and landscaped gardens. This renovated Tudor-style residence is regarded as an Ascot landmark. It blends nostalgic charm. Think leadlight windows, an original fireplace and Morris & Co wallpaper—with modern indulgences including a floodlit tennis court and a poolside firepit patio. Properties at this level remain scarce, with few listings matching its calibre.

154 Yabba Street, Ascot – $5.8 million

Just a few doors down, 154 Yabba Street also recorded a major sale at $5.8 million. Originally a 1920s Queenslander, 154 Yabba Street has been architecturally reinvented by Ian Webb Architects into a modern family sanctuary. Inside and out, it wows with resort-like features—there’s a sunken lounge, hanging gardens, and even a heated magnesium pool with cantilevered daybeds over the water.

With two of the top three sales on the same street, Yabba Street is emerging as a prestige micro-market within Ascot. The property’s high-end finish, street presence, and walkable location near Oriel Park and Ascot State School made it especially attractive to families upgrading within the suburb.

64 Riverview Terrace, Hamilton – $5.8 million

Rounding out the list is 64 Riverview Terrace in neighbouring Hamilton, which also sold for $5.8 million. Perched high on Hamilton Hill’s exclusive ridgeline, this home shares in the prestige of a street famed for its extraordinary homes and panoramic river views. In fact, local agents note that Riverview Terrace boasts some of Brisbane’s most unique residences – properties along this hilltop enclave can command eight-figure price tags.

The sale reflects continued strength in Hamilton’s top-end market, driven by limited supply and high demand for river-adjacent property.

Why These Numbers Matter

These three sales underline the continued strength of Brisbane’s prestige market, particularly in the inner north. Notably, the concentration of activity on one street, Yabba Street, where multiple properties have commanded significant price tags within a year. This suggests more than just isolated buyer interest. It points to a shift in how certain pockets within established suburbs are being valued.

In a broader context, these results come amid increasing buyer competition for quality homes in lifestyle suburbs with proximity to elite schools, green space, and transport links. Ascot and Hamilton have long been considered aspirational addresses, but this latest data reinforces their place at the very top of Brisbane’s residential hierarchy.

For homeowners in the area, it’s a strong signal of rising land value and sustained interest from high-net-worth buyers. For agents and investors, it’s a clear indicator of where demand remains strongest, even as broader market conditions fluctuate.

Published 15-May-2025

Tag: Brisbane Property Market

Ascot Home Sells for $9.8 Million After Just Five Days on Market