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New Farm home smashes Brisbane residential auction record

By Holly Darwon
One of New Farm’s most prized riverfront holdings has smashed Brisbane residential auction records, selling for a staggering $7.75 million.

Set on a spacious 873-square-metre block, the property at 39 Griffith Street with rare uninterrupted access to the Brisbane River became the most expensive house ever sold in Brisbane under the hammer on Saturday

It is understood to have been purchased by Queensland rich-lister Kevin Seymour, after his grandson was spotted at the auction bidding on his behalf.

More than 100 people piled onto the gorgeous pool deck as eight registered bidders fought it out for a chance to secure the unique house.

Auctioneer Haesley Cush, of Ray White New Farm, said he always knew the auction was going to be monumental.

“As I was preparing to go down there, there was a real element of excitement,” he said.  “I felt really great, and really quite proud and privileged, to be able to go down and do it.

“We had owners that wanted to sell, and they were clear about that all the way through. We had buyers that were pre-registered, who had capacity at any level to buy the property.

“So, that’s a pretty good formula, when you’ve got both sides of the fence wanting to do a deal.”

Bidding for the multi-level home opened at $4 million, then very quickly jumped in lots of $500,000 up to $6.5 million.

At that point the bidding slowed, with the price eventually making its way to $7 million.

After negotiations, the house was put on the market and reportedly snapped up by Kevin Seymour for $7,750,000.

The Seymour family are no strangers to buying up the best of New Farm’s riverfront land — only two days before Christmas 2016, three of Kevin Seymour’s grandchildren paid $17.35 million for 2388 square metre of riverfront land on Oxlade Drive.

Ray White New Farm principal Matt Lancashire said there had been huge interest in the property throughout its five-week campaign.

“We had a lot of interstate and international inquiries,” he said. “We had inquiries coming from New York, Hong Kong, Singapore, and also a London purchaser. Heaps from Melbourne and Sydney, too.”

To read the full article please see link: https://www.domain.com.au/news/new-farm-home-smashes-brisbane-residential-auction-record-808199/

Kell Anderson | March 10 , 2019

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