In Chelmer, a riverfront mansion with swimming pool and tennis court sold at auction for $5 million.Riverfront homes specialist at Adcock Prestige, Jason Adcock, said the 3122sq m property at 127 Laurel Ave sold to a local family that rented one street over.The opening bid was $4 million.
“We had two registered bidders and probably a crowd of 80 to 100 people,” Mr Adcock said.
“It was pouring rain at 11am so it certainly didn’t deter the crowds.
He said the property’s “unbelievable” block size and its wide frontage to the river appealed to buyers most.
“It’s probably one of the best riverfront blocks in Chelmer,” Mr Adcock said.
He said the market for prestige homes was the best he had seen in a decade.
“This just shows that the prestige market in Brisbane has certainly come back to life,” Mr Adcock said.