Ray White New Farm event features $35M in real estate

Sometimes, all you want for Christmas is a new house. If you’re looking in Brisbane, you may be in luck. On Tuesday, Nov. 13, Ray White New Farm will put more than $35 million worth of real estate up for sale at its Auction Under the Stars.

The auction will feature everything from starter homes and apartments to land parcels to palatial estates. The star of the show will be the Craig Channon-designed c50house on Teneriffe Hill. It features a concealed gymnasium, heated swimming pool, a bespoke French oak floating staircase, and wine cellar, among other accoutrements.

Also up for bid is 801/8 Kyabra St., Newstead, a tri-level sky home that is Brisbane’s biggest penthouse listing of 2018. The private rooftop terrace provides panoramic city views. Below that, a heated infinity pool, spa, and bar adorn the pool deck.

If you’re in need of more space, you might be interested in 29 Borva St., Dutton Park. The property covers 2,300 square metres of flood-free riverfront land, and the house has five bedrooms. It comes with a private jetty and pontoon.

The auction will take place at X Cargo in Fortitude Valley from 6 p.m.

“There are sellers who are committed to selling, who want a contract under the tree for Christmas and likewise, there are buyers who are serious about buying, who are likely to compete hard to get themselves into a property before Christmas,” auctioneer Haesley Cush told Domain. “These events always have a great atmosphere, and we’ve got some incredible properties going to auction, properties that I think add an extra layer of prestige to the event, simply because of their calibre.”

Housing analyst CoreLogic reports that housing prices in New Farm have risen close to 75 per cent in the last five years as some of the area’s most desirable riverfront homes have gone on the market. Norman Park prices are up 46 per cent over the same period, Hawthorne 36 per cent and Brisbane 21 per cent. A riverfront mansion at 110 Virginia St., Hawthorne, sold for over $11 million in July.

“There are only 850 absolute riverfront properties in Brisbane and they’re not making any more,” Adcock Prestige principal Jason Adcock said.  “In fact, it’s a diminishing supply because they’re getting rid of some and building units and high rises, so I see some incredible capital growth in riverfront property over the next three to five years.”