Coronis Sets New Suburb Record In Ascot
One of Brisbane’s most luxurious properties, 27 Sutherland Avenue, has sold for $11 million in a private deal negotiated off market.
The sale, which will settle shortly, has toppled the previous Ascot record which was set in February 2015 when 21 Sykes Street sold for $10.4 million.
Originally built in 1930, the iconic Hamptons-style home boasts six bedrooms, six bathrooms and enjoys prime position on a massive 2024sqm block of land which is located on Brisbane’s most prestigious tree-lined street. In recent years, the property has undergone a multi-million-dollar renovation elevating it to its current grand scale.
Facilitated by Coronis Managing Director Andrew Coronis and Patrick McKinnon of Coronis Hamilton, the sale is one of the most expensive in Brisbane’s history with only five other properties selling for more than $11 million based on available property records.
“Ascot is considered one of Brisbane’s most exclusive blue-chip suburbs, so I’m delighted that Coronis was able to negotiate the deal which set the new suburb record,” Mr Coronis said.
“The buyer, who wishes to remain private, had been looking for the right property for quite some time so we’re extremely happy that we were able to facilitate negotiations between him and the current owner.”
Coronis Hamilton Sales Manager Patrick McKinnon said there had been a shift in the high-end market recently, with many of his current luxury listings attracting a lot of engagement.
“Houses like Sutherland Avenue rarely come on the market, so it was an honour to facilitate that landmark sale but we have experienced a recent increase in online enquiries and inspections at our high-end properties,” Mr McKinnon said.
“The latest migration figures indicate more than 17,000 people moved to Queensland this past financial year (AFR) which I think is a contributing factor to the increased interest in this market.
“The difference between what you can buy here compared to Sydney for the same price is significantly different, as Brisbane’s property market offers better value for money, so I’m seeing quite a few interstate buyers wanting to upgrade their home as they move to Queensland.”
Brisbane’s Top Sales
- 1 Leopard St, Kangaroo Point - $18.48million - March 2017
- 250/1 Newstead Terrace, Newstead - $14.25million - May 2011
- 46-48 Aaron Avenue, Hawthorne - $14.0million - August 2014
- 33B Harbour Road, Hamilton - $11.8million - April 2015
- 39 Eldernell Terrace, Hamilton - $11.2million - April 2007
- 27 Sutherland Avenue, Ascot - $11 million - March 2018