Record sale in Brisbane's prestige market

BRISBANE prestige agents Matt Lancashire and Hamish Bowman have just set a price record in one of Queensland's most affluent suburbs.

The grand Queenslander estate called Windermere at 14 Sutherland Ave, Ascot was on the market less than three weeks before it sold for in excess of $13 million to a local property developer with a young family. The purchasers were looking to put their capital into blue-chip residential property.

This comes on the back of recent luxury sales totaling $45 million for Matt Lancashire.

Sutherland Ave is well-known for its impeccably presented homes on large and tightly held blocks of land.

Ray White New Farm Principal Matt Lancashire said there was a lot of interest in the landmark estate called Windermere which sits on the high side of established tree-lined avenue which boasts some of Brisbane’s best classic heritage homes.

“We had a lot of interest from interstate, plus expat buyers in the UK, Hong Kong and Singapore plus some Australian farmers, especially from country Victoria. The land size alone was very attractive as it’s over an acre of land, one of the largest land parcels in the area," he said.

“I have a database of every buyer who has ever inquired with me on any property over $5M, so I have a database of 1660 prestige buyers. And there are some serious buyers looking.”

“We had serious buyers but in fact the winning buyers weren’t actively looking, they were passive buyers as they have a beautiful home themselves but saw this unique property was on the market and jumped at the chance to buy it”.

“We were concerned going into Saturday - we were nervous that we would see low turnouts at opens and auctions but in fact the opposite happened. We had - in some cases - more than 40 groups through at some open for inspections.

“So the message is - we are open for business - and committed, determined buyers are still very active in this market. We are very proud of the new steps our agents and auctioneers have introduced to provide a safe yet welcoming environment for our customers.”

Seller Chris Miers said the sale was a great sign of confidence in the prestige market.

“I cannot sing the praises of Matt Lancashire and Hamish Bowman high enough,” said Mr Miers, well known in the heavy haulage industry.

“They are the best salespeople I have ever worked with and they are a pleasure to do business with. We wouldn’t have achieved this result without the gents from Ray White New Farm.”

The Miers family are downsizing to live on the river at Teneriffe with a possible international move on the horizon.

Windermere offers 4664sq m of private land in premier pocket of blue-chip Brisbane.

“This estate has a six-bedroom residence with secure triple garage, plus a north-south championship-size floodlit tennis court in the front yard yet it’s hidden from view behind the hedge,” said agent Hamish Bowman.

The house has a swimming pool and spa surrounded by lush, established grounds plus A commercial-grade kitchen with Wolf, Sub-Zero, Vintec and Miele appliances.

The sale is now unconditional.