August 24, 2026 — 11:00am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA A century-old house with shagpile carpet and mustard-coloured lino that has never changed hands has now sold for a reserve-smashing $3.225 million. Perched on an 899-square-metre parcel with city views,
A century-old house with shagpile carpet and mustard-coloured lino that has never changed hands has now sold for a reserve-smashing $3.225 million.
Perched on an 899-square-metre parcel with city views, the unrenovated three-bedroom house at 74 Agnes Street in Auchenflower was described as one of the last of its kind.
Beneath its peeling mid-century wallpaper, it offered a prime piece of land with three-street frontage and a subdivision opportunity that could see it split into two corner lots in what is now Brisbane’s third-most expensive suburb.
Seven buyers – representing a mix of developers and owner-occupiers – registered for the Saturday auction and six bid. A Redcliffe family kicked off bidding at $2.1 million, sparking a developer to quickly counter with $2.52 million.
“We had a few buyers hesitating after that,” said selling agent Josh Brown, of Ray White Collective.
“That brought the price pretty close to the reserve, so we paused and then called it on the market.”
It sparked a flurry of more than 100 rises ranging between $500 and $25,000, including one eyebrow-raising bid of $2,842,368.74. Yet even that precise rise didn’t slow momentum.
At $3.225 million the hammer dropped and a local family claimed the keys.
“They were so happy,” Brown said.
“It’s a pretty unique house with a northern aspect on a big allotment surrounded by beautiful homes.
“And it’s untouched … it was owned by the same family for 100 years. There are not many homes like this left here.”
The auction came weeks after Auchenflower muscled its way into Brisbane’s top-three priciest suburbs. Domain’s June House Price Report showed house medians skyrocketed 26.1 per cent in 12 months to $2.175 million.
While the pocket’s pulling power underpinned the result, Brown said buyer confidence had also crept back.
The home was one of 153 scheduled auctions across south-east Queensland. By Saturday evening, Domain recorded a preliminary clearance rate of 20 per cent from 94 reported results, with 16 homes withdrawn.
In Hawthorne, a two-bedroom, one-bathroom townhouse sold for $1.02 million after three active bidders battled for the keys. A woman who had sold her place in Newstead six months earlier, and was living with a friend, claimed the prize.
Perched on a 169-square-metre lot in a complex of six, the townhouse at 2/71 Miles Street features a balcony, yard and a recently upgraded bathroom. It last sold two years ago for $826,000.
Seven bidders registered and three competed after the auction opened at $900,000.
After an early pause, a vendor bid of $1 million sparked a few more rises until it sold.
Selling agent Eliza Schultz, of Place Bulimba, said the price was a record for the complex and highlighted the strong buyer competition at that price point.
“This was one of the strongest auctions we’ve had in a while … we had really good engagement from day one,” she said.
“Townhouses are performing very well at the moment, especially in blue chip areas like Hawthorne.”
Schultz said the home attracted single couples, first-home buyers, upsizers and a few investors, adding that the owner’s pre-auction prep added to the strong interest.
“He did everything we recommended … including a fresh lick of paint, updating the carpet and a basic bathroom renovation,” she said.
“It looked flawless. It cost him probably $25,000 to $30,000 but it meant any buyers coming through knew there was nothing to do.”
In Ascot, an iconic family estate built in the ’90s sold under the hammer for $5.25 million to a local buyer who only set foot in the home just 24 hours beforehand.
It was the highest auction sale price in south-east Queensland at the weekend.
The six-bedroom, three-bathroom home – called Kynuna – sits on an 810-square-metre block at 7 Lonsdale Street and features manicured gardens, a fireplace and a media room.
Three registered buyers – two locals and one remote – bid after the auction opened at $4 million. The price climbed to $5.2 million, where the ultimate buyer offered a final rise to clinch the prize.
Ray White Ascot’s Damon Warat – who co-sold the home with Nick Roche – said the result belied the property’s prime location in one of the suburb’s best streets near “booming infrastructure”.
“It’s so close to Racecourse Road, where hundreds of millions of dollars are being spent,” he said.
“While A-grade real estate is always sought after, larger bigger properties are getting more demand than smaller ones right now and that’s because the only tax benefits that remain are in the primary residence.”
This is the third time the home has changed hands in three years, selling in July 2024 for $4.24 million.
PRD Nationwide chief economist Dr Diaswati Mardiasmo said while Brisbane’s market was stabilising, the weekend’s low clearance rate reflected the loss of investors.
“If investors want to access negative gearing they need to buy new, and you can’t auction something that doesn’t exist yet,” she said.
“And that has limited investor demand in the auction market.
“But property demand is still high and we’re still tracking around 4.8 per cent median house price growth in Brisbane.”
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