An
from 24 during 2015.
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.
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.
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 PREMIUM FREEHOLD RIVERFRONT HOME SALES 74 Parkside Circuit, Hamilton 132 Virginia Avenue, Hawthorne 17 Julius Street, New Farm 101 Welsby Street, New Farm Product Type Sale Price $4.656M $8.5M $10.15M $20.5M Sale Year 2023 2022 2023 2023 Title Freehold Freehold Freehold Freehold Land Size 261m2 688m2 1,118m2 2,127m2 ANNUAL SALES
average of only 17 inner Brisbane freehold riverfront homes have sold each year over the last 10
years. 2023 recorded 16 sales, a decline
SCARCE PRODUCT 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. PURCHASER HOLD PERIOD
SALE PRICE GROWTH
available supply, Inner Brisbane freehold riverfront homes
annual
price growth
4 4 5 4 5 6 3 6 4 8 4.5 MPR 3 INNER BRISBANE FREEHOLD RIVERFRONT HOME ANALYSIS March 2024
Driven by an extremely low level of
have seen
median
of 10.7% per annum over five years.