Enquiry was fielded from across the globe but it was an Aussie buyer who managed to snag ‘Malar’, a 1935 riverfront Tudor-style residence at 41 Maxwell St, New Farm. The $8m sale under the hammer of one of Brisbane’s iconic homes was the highlight of our ‘Auction Under the Stars’ event held this week, just up the river, at Howard Smith Wharves.
Reflecting yet again the huge demand for prestige property across our ‘river city’, Ray White The Collective’s renowned ‘Auction Under the Stars’ event secured more than $30m in sales, with 14 properties selling on the night alone as more subsequently go under contract. We also had 60 registered bidders, dotted throughout a massive crowd packed into ‘The Rivershed’.
Everyone wants to live in Brisbane, particularly our river-hugging blue-chip suburbs like New Farm and Teneriffe. On a day like today, where it’s all clear skies, green parks, great coffee and, dare I say it, the river even looks more blue than brown, it’s not hard to figure out why Teneriffe is Brisbane’s first $3m median house price suburb.
Drop by here tomorrow and you’ll find yourself in the middle of around 50,000 people enjoying one of the city’s favourite festivals. The Teneriffe Festival was created after Teneriffe officially gained suburb status in 2010, and has grown from a humble street celebration into a mammoth event headlined this year by Sydney-based popular indie-folk band Boy & Bear. The place is effectively shut down to be filled with pop-up bars, gourmet food trucks, live music, historical tours, market stalls and kids entertainment. It’s the greatest showcase of local businesses, all wrapped up in what is Brissie’s biggest street party.
I hope you enjoy the read.