INNER BRISBANE FREEHOLD RIVERFRONT HOME ANALYSIS March 2024
SCARCE PRODUCT
ANNUAL SALES An average of only 17 inner Brisbane freehold riverfront homes have sold each year over the last 10 years. 2023 recorded 16 sales, a decline from 24 during 2015.
Freehold homes located on absolute riverfront sites are extremely scarce. From Newstead to Hamilton there are only 21 absolute riverfront freehold homes. Properties along this riverfront strip have sold for up to $11.8 million in Hamilton and up to $5.7 million in Newstead.
Over the past five-year period, 36% of all riverfront house transactions were over $5 million. Six sales during 2022 and 2023 were over $10 million.
SALE PRICE GROWTH
PURCHASER HOLD PERIOD
Driven by an extremely low level of available supply, Inner Brisbane freehold riverfront homes have seen annual median price growth of 10.7% per annum over five years.
Given the scarcity of freehold riverfront homes, owners tend to hold their property for longer periods. Of the Inner Brisbane riverfront homes which have changed hands over the last five years, an average hold period of 6.9 years has been recorded.
PREMIUM FREEHOLD RIVERFRONT HOME SALES
Product Type Sale Price Sale Year Title Land Size
4 4.5 MPR 3
17 Julius Street, New Farm
4
5
132 Virginia Avenue, Hawthorne
6
6
4
10.15M
4
3
8
4.656M
$
2023
2022
2023
2023
Freehold
Freehold
Freehold
Freehold
261m2
688m2
1,118m2
2,127m2
$
8.5M
5
101 Welsby Street, New Farm
$
20.5M
$
This study has been prepared for the sole use of Frasers Property Australia and is not to be relied upon by any third party for the purposes of financial investment without specific approval. As the publication involves projections and assumptions it can be affected by a number of unforeseen variables. The forecasts and assumptions are a prediction and whilst Urbis has made every effort to ensure that the forecasts and assumptions are based on reasonable information, they may be affected by incorrect assumptions or by know or unknown risks and uncertainties. This publication is subject to copyright. Except as permitted under the Copyright Act 1968, no part of it may, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) be reproduced, stored in a retrievals system or transmitted without prior written permission. Enquires should be addressed to the publishers.
P0051385
74 Parkside Circuit, Hamilton