Mini-mansion sale smashes suburb record as buyers break budget

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Mini-mansion sale smashes suburb record as buyers break budget
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While the buyers had set a hard $1.8 million limit, the agent said the home ticked so many boxes they decided to offload a commercial property to get it.

The price paid for an architectural masterpiece with sea views in ManlyA rare seven-bedroom mini-mansion in Underwood has smashed the suburb’s house price record – selling for $2.4 million in a blockbuster auction that capped Brisbane’s pre-Christmas market.

In a bid to draw a crowd and fuel street-party vibes, Ali organised food stalls and even a pianist for the Saturday spectacle. And while rain forced the crowd of more than 50 to pack into the home’s expansive interior, he said the atmosphere was electric.Ray White Rochedale “This was actually the first property they looked at. And the wife only saw the home for the first time on the morning of the auction. But she just loved it. And their son loved the pool,” he said.The young couple who offloaded the home had built it from scratch just a couple of years before. Ali said financial strain motivated the sale.

Designed by Brisbane architect Anton Dovey and completed two years ago, the four-bedroom home blends coastal and Mediterranean vibes with its curved walls, raked ceilings, plunge pool and landscaped gardens. The buyer was the sole bidder, with the auction opening at $2.4 million before negotiations brought the price on par with the reserve.McEwan said the sale capped a stellar year for Wynnum and Manly, where house prices skyrocketed. Domain’s September House Price Report revealed Wynnum prices soared by 22.1 per cent over the past year to $1.19 million, while Manly recorded a 42 per cent price hike to $1,597,500.

The buyers of a chic unit in New Farm on Saturday might disagree. The couple – who divide their time between the Sunshine Coast and Brisbane – splashed $1.44 million on the two-bedroom two-bathroom apartment at 51/166 Sydney Street to use as a city base.

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