$25 Million — A New House Record In Brisbane
The record breaking sale at 17 Julius Street, New Farm is considered a knock-down.
Image credit: GRAYA
A new house price record in Brisbane is set, yet again.
It’s typical for Sydney and Melbourne, but a $25 million record breaking sale for a knockdown in Brisbane? That’s worth writing about!
Last month, the property on Julius Street in Brisbane’s riverside suburb of New Farm set a new house price record, fetching a sale price of $25 million and smashing the previous record of $23 million set exactly one year ago in November 2024, when 23 Sutherland Avenue, Ascot — a federation style home in arguably one of Ascot’s most prestigious streets was sold after undergoing a large scale renovation estimated at around $7 million.
23 Sutherland Avenue, Ascot held the previous sale record at $23 million in 2024.
What’s even more interesting is that the property in Julius Street was purchased in 2022 for $8.5 million. A $16.5 million increase in just 3 years! Not a bad ROI.
This new house price record in Brisbane follows a string of high-end sales across Brisbane last month including Olympic medallist Libby Trickett’s $20 million purchase in Hawthorne (another knockdown site on the river) and the 5 bedroom, 5 bathroom architecturally designed home at 26 Elystan Road, New Farm, which set a new auction benchmark for the highest residential auction sale at $18.5 million.
26 Elystan Rd, New Farm sold for $18.M million at auction in November 2025.
Image credit: Ray White New Farm
Record breaking unit sales.
And let’s not forget about units.
An unrenovated 2 bedroom unit at 8/77 Moreton Street, New Farm cracked the million dollar benchmark, fetching $1,001,000 — taking the median unit price in New Farm to *$912,500.
It’s no wonder New Farm land owners are reluctant to sell for anything less than a record setting price, with stock levels continuing to run tight in what I call the celebrity suburbs of Brisbane — Teneriffe, New Farm, Bulimba, Hawthorne, Ascot and Hamilton.
Houses versus Units.
Whilst we’re on New Farm, it’s interesting to note the average annual growth for houses is currently *5.52% whilst the average annual growth for units sits at a slightly higher *9.11%, indicating the potential for outperforming growth in the unit market — an affordable entry point for investors and home buyers alike.
I should know.
I’ve been highlighting the suburb to investors since I began my buyer’s advocacy career in 2014.
Much to my clients’ delight, their investments have seen steady growth.
Below are some of the units in New Farm I have purchased for clients over the past few years.
New Farm client purchases.
So what’s on the cards for Brisbane in the months moving ahead?
Well, with demand continuing to outweigh supply in both the luxury homes market and the inner city market as a collective, I’m expecting Brisbane will continue to see upward momentum in the property market as we move into 2026 and edge toward our olympic era.
*Source data: yourinvestmentpropertymag.com.au / RP Data.
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Wendy Russell is a Luxury Buyer’s Agent who partners with busy professionals looking to secure property in Brisbane’s inner city suburbs.
The property in Julius Street, New Farm sold for $25 million setting a new house sale record in Brisbane.
Libby Trickett’s mansion in Hawthorne - purchased for $20 million with plans to demolish the existing home.
