A newly constructed residence in Tarragindi has shattered previous records in Brisbane, marking a defining moment in the area’s property market dynamics with a staggering sale price of $3.7 million.
The newly built five-bedroom, three-bathroom home located at 53 Chamberlain St has clinched the title of the suburb’s highest-priced property. Surpassing the suburb’s record in 2023 by an impressive $250,000 margin, this remarkable achievement highlights the enduring appeal of Tarragindi’s real estate market.
The property, meticulously built by Mondo Constructions, embodies executive living and resort-style entertaining on a spacious 771 sqm allotment. Despite spending over 100 days on the market, the home garnered immense interest, with 214 groups acknowledging its exceptional quality and design.
Denis Najzar, a director at Place Woolloongabba, underscores the significance of the sale, attributing it to both the property’s construction excellence and the burgeoning demand for new homes in the market.
Mr Najzar further said that newly built homes command premium prices due to the cost and time associated with construction or renovation projects. He highlights consumer sentiment as a key driver, noting that in an era where convenience reigns supreme, many prospective buyers opt for newly constructed homes to streamline the process and alleviate the complexities associated with renovation endeavours.
The home’s expansive living and dining areas afford breathtaking views of the poolside oasis and verdant surroundings. Boasting a triple-car garage, multiple living spaces, an alfresco terrace, and a sparkling pool, this residence exudes opulence and functionality in equal measure.
Looking ahead, Mr Najzar predicts a robust real estate market in Brisbane, buoyed by the city’s international status and increasing interstate migration. However, he cautions that rising interest rates may introduce uncertainties for prospective buyers, particularly those seeking stability amid a competitive market landscape.
Published 9-Feb-2024
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