Wednesday, January 27, 2021

$5.5m (£4.27m) not enough to buy Brisbane’s ‘property without peer’ at auction

Of the five properties for auction in Ray White’s in-room auctions in Eagle Street, all eyes were on the sale of 56/410 Stanley Street. Two bidders and dozens of spectators were present for the sale.

Bidding for “Brisbane’s best” penthouse started at an eye-watering $4 million (£3.11 million), only five bids shy of the final bid. Bidding was short, competitive, and sharp.

The Park Avenue building’s Penthouse located in South Bank is one of the most expensive, exclusive, and expansive apartments in Brisbane. The multi-level skyhome stretches over more than 1000 square metres of floor space, one of just three that large in the entire city.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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