Australian property market wrap 2 October 2023
Image: Canva.
  • A stunning heritage home in Brisbane has sold.
  • An iconic Castle Hill property has come to market.
  • A pomegranate farm has been listed for sale.

Heritage, luxury, farms, and more, today’s wrap is a feast for the heart and those who are partial to pomegranate.

Also in the mix is the sale of a marina-front site and the announcement of a developer for the second Hills Showground site.


Heritage Brisbane home acquired for $2.8M

A heritage-listed estate dating back to 1860 in Brisbane’s inner-city suburb of Spring Hill has sold.

‘Grangehill’, which is a six-bedroom (or five plus library), two-bathroom plus powder room house on 731 sqm at 449 Gregory Terrace, has been purchased for $2.8 million by local investors Caroline and Grant Fraser from the vendors, the Stoyle family.

The deal was struck by Knight Frank’s Christian Sandstrom, in conjunction with Ray White’s Patrick Goldsworthy.

Built in 1860 for prominent politician Alexander Raff, ‘Grangehill’ has gone through many lifetimes and historical changes over the past 160-plus years, including being held by the Discalced Carmelite Fathers, whose presence is still evident today through the ‘Cloister’ glass panel in the main hallway.

heritage brisbane home sold for 2.8 million dollars
The heritage Brisbane homes was sold for $2.8 million. Image: Supplied.

The home features wraparound verandas across both floors that take in the city vistas and views over The Old Museum, a formal living room and formal dining room with marble fireplace, a spacious kitchen with combined family meals area and secure undercover parking for six cars via Gregory Terrace.

It has heritage features including 3.6 metre ceilings downstairs and 3.4 metre ceilings upstairs, as well as two chimney stacks, two fireplaces, hoop pine floors, classic architraves, ceiling roses, chandeliers, bay windows, French doors and ornate cornices.

Port Coogee site sells for $2.5M

Port Coogee is set to become home to a new marina-front tavern, following the $2.5 million sale of a 2,543 sqm development site, brokered by Cygnet West.

The property, located at 12 Calypso Parade, was sold by developer Frasers Property Australia to a private investor who intends to build a modern tavern facility which will become a major drawcard for the area.

Settlement of the transaction occurred on 28 September.

Cygnet West - Port Coogee - Waterfront sale
Image: Supplied.


Deicorp appointed to develop second Hills Showground site

Sydney developer, Deicorp, has been appointed by Landcom and Sydney Metro to develop the next stage of the residential village that will form part of the Hills Showground Station precinct in Sydney’s Hills District.

Precinct East will be the second lot to be developed at the Hills Showground Station Precinct and is opposite the now under construction 430-unit Hills Showground Village, which Deicorp was also appointed by Landcom and Sydney Metro to develop.

Precinct East, which is the largest lot at Hills Showground Station, will accommodate up to 873 dwellings and 3,200 sqm of public open space including a new park.


12,000 sqm Castle Hill block comes to market

An iconic property within the Hills Shire has come to market.

Sitting on a 12,031 sqm block and with three street frontages, the site at 2 McIntyre Place in Castle Hill is a deceased estate that offers an existing residential dwelling, tennis court and swimming pool as well as landscaped surrounds.

An approved DA and CC offers buyers the most prestigious infill development opportunity in the area, with development approval for 16 residential housing lots in one of Sydney’s most sought after markets.

The Colliers team of Guillaume Volz, Frank Oliveri, and Jordan McConnell have the exclusive listing with price expectations in the mid-$20 million range.

The expressions of interest campaign closes 11 October.

Castle Hill (2)
Image: Supplied.

Goulburn Valley pomegranate orchard listed

Mooroopna North, one of the country’s most dominant pomegranate orchards in the Goulburn Valley has been listed for sale by the pioneers of Australia’s pomegranate industry, Australian Pomegranate Growers, with a price expectation of $7 to $8 million.

Established in 2008, the 110 ha orchard produces 1,100 tonnes of fruit annually and is in close proximity to Pomlife, a major pomegranate manufacturing plant owned by SPC.

The orchard has five high-yielding varieties, modern irrigation infrastructure and existing supply contracts domestically and for export markets via SPC.

CBRE Agribusiness’s Matt Childs, John Harrison and James Auty are managing the sale via an expression of interest campaign closing 15 November.

Northwest Queensland motel and caravan park hits the market

The Gulfland Motel & Caravan Park in North-West Queensland is to be offered for sale via an expressions of interest campaign.

CBRE agents Hayley Manvell and Jay Beattie have been appointed to manage the sale of the Freehold Going Concern interest in the property on behalf of the Receivers and Managers appointed, BRI Ferrier.

The Gulfland Motel & Caravan Park is situated in Normanton, which serves as the business centre and access point for Queensland’s Gulf Country.

Included in the sale of the circa 1.56 ha freehold landholding are 28 self-contained accommodation rooms, a caravan park with 55 sites, a four bedroom manager’s residence, and guest facilities which include the licensed Gulflander Bar & Grill Restaurant, the ‘Big Barra’ tourist attraction, and a swimming pool.

The EoI closes 7 November.

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