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
