Hamilton: Prestige property sells for $13m in off-market sale

A suburb record for Hamilton has been smashed with the sale of a massive mansion for $13m as Brisbane’s prestige market continues to attract big spenders.

According to public data, the property sold for $13m.

The sale was conducted independently by real estate veteran Gail Havig, Paula Applin from Butler+Co Estate Agents and Damon Warat from Ray White Ascot.

Director of Ray White Ascot, Damon Warat and Butler+Co Estate Agents took to Instagram to announce the sale of 15 Perry St, Hamilton and the suburbs highest sale on record.

The sale is the sixth biggest of the financial year and sold on February 25 this year.

According to CoreLogic data, the home, built in 1905, is situated on a 1944sq m block, with six bedrooms and six bathrooms.

Director of Ray White Ascot, Damon Warat was contacted for comment but was unable to as per the sellers request.

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38 Eldernell Terrace, Hamilton sold for $7.27m in April 2023 by Damon Warat from Ray White Ascot

Other big ticket sales in Hamilton this year include:

• 56 Langside Rd – Sold for $8.15m in March by Damon Warat from Ray White Ascot
• 38 Eldernell Terrace- Sold for $7.27m in April by Damon Warat from Ray White Ascot
• 10 Ludlow St – Sold for $6.40m in March by Matt Lancashire and Pat Goldsworthy from Ray White New Farm
• 85 Hillside Crescent – Sold for $3.93m in March by Drew Davies and Carter Lagana from Place Estate Agents Ascot

Property agent Drew Davies from Place Estate Agents Ascot said he’s seeing a huge increase in interstate and international buyers in the Brisbane prestige market.

“All of the demand is for higher-end property’s and with building prices the way they are lots of buyers are looking for a luxury build”, Mr Davies said.

“There are still a large portion of Brisbane buyers looking for property’s in the higher end.

“Personally, I think now is a good time for prestige sellers to put their property on the market as there’s a lack of stock, so there wont be too much competition”.

Prestige property specialist Elisa McMahon from Adcock Prestige said the market is performing very well.

“The prestige market is very strong, underpinned by overseas and interstate buyers”, Ms McMahon said.

“The prestige market is not affected by the interest rates.

“30% of my buyer pool is coming from interstate and overseas.

“The selling prices are exceeding expectations, there are strong traffic numbers in the $3-4m price range.

“We have a lack of supply in $4-7m mark at the moment”.

Article source: Queensland Property Investor