The most expensive houses in Brisbane are setting new records, attracting high-end buyers from across the country.
Once overshadowed by Sydney and Melbourne, Brisbane is now firmly on the map for prestige real estate, thanks to its warm climate, relaxed lifestyle, and growing list of multi-million-dollar sales.
From riverfront estates to historic mansions, Brisbane’s top-tier homes now rival the most exclusive properties in Australia. Whether you’re in the market for a luxury residence or just curious about the city’s priciest addresses, there’s plenty to discover.
In this article, we’ll explore Brisbane’s most expensive home sales, including the record-breaking $23 million sale in Ascot, and highlight the finest properties currently on the market.
Brisbane’s Most Expensive Home: 32 Sutherland Ave, Ascot
Selling price: $23 million
Buyer: Ben Cleary, Director of Tribeca Investment Partners
Sold date: 2024
Brisbane’s property market reached a new peak in 2024 with the $23 million sale of 32 Sutherland Avenue, Ascot. This iconic Queenslander, owned by Ray White Chairman Brian White for nearly 40 years, is now the city’s most expensive residential sale.
Brian White and his wife, Rosemary, bought the home in 1975, raising their three sons within its walls. Set on three-quarters of an acre, the Federation-style property features a floodlit tennis court, cricket pitch, swimming pool, and 37 metres of street frontage.
Inside, the home offers four bedrooms, multiple fireplaces, formal lounge and dining areas, a music room, study, and spacious entertainment zones.
The decision to sell reflected White’s belief in Brisbane’s prestige market, bolstered by stable interest rates and strong buyer confidence. “Real estate is very sensitive to where interest rates are heading, and I’ve never seen this level of anticipation,” he shared.
The sale attracted intense interest from local, interstate, and international buyers, but a Brisbane family ultimately secured the property a week before auction. The buyer, Ben Cleary, director of Tribeca Investment Partners, also owns a $10 million penthouse in New Farm, purchased in 2022.
For the White family, the sale was bittersweet. “I can’t be happier that a family has purchased it. I felt a responsibility to our old home that it needed to be lived in,” Brian White said.
This landmark transaction not only set a new price record but also reinforced Ascot’s reputation as one of Brisbane’s most desirable suburbs.
Most expensive houses sold in Brisbane
Brisbane’s Second Most Expensive Home: Amity House, 101 Welsby Street
- Selling Price: $20.5 million
- Buyer: Adam Beswick, Managing Director of M2P Engineering
- Sold Date: April 2023
The landmark riverfront estate, Amity House, has set a new record as Brisbane’s most expensive home, selling for an astounding $20.5 million in April 2023. The mystery buyer was revealed to be Adam Beswick, the managing director of mining equipment business M2P Engineering.
Amity House is a historic abode located at 101 Welsby Street. It holds a significant place in Brisbane’s history, believed to be the city’s last surviving 19th-century riverfront residence. The home was built in 1892 for Thomas Welsby, a prominent businessman, politician, historian, and sportsman.
Welsby was the president of Queensland Rugby Union and founded the Brisbane Sailing Club, which later became the Royal Queensland Yacht Squadron.
The estate features terraced gardens and intricate hedging, maintaining its historic charm and grandeur. Amity House remained in the Welsby family until the 1950s when it was sold to the sugar refinery CSR Ltd.
In the 1980s, the Commonwealth government acquired the property, making it the state’s principal naval residence connected to the HMAS Moreton.
The recent off-market deal was handled by Ray White Collective’s Matt Lancashire, who facilitated the transaction between Beswick and the outgoing vendors, Brisbane architect Tony Dempsey and his wife, Poppy.
The sale of Amity House marks a significant moment in Brisbane’s real estate history, showcasing the city’s growing prestige in the luxury property market.
Brisbane’s Third Most Expensive Home: 154 Virginia Avenue, Hawthorne
154 Virginia Avenue, Hawthorne
Selling price: $15 million
Sold on 7 Feb 2022, this gorgeous riverfront estate in Hawthorne has a land size of 2,110 sqm and is complete with a tennis court, swimming pool and private beach and jetty, all of which look over the spectacular 27-metre river vista.
Originally owned by Brisbane Lord Mayor Clem Jones, the property was bought by Park Rd developer James Penny in 1985 and subsequently Peter Hawes, a doctor and championship athlete.
Brisbane’s Forth Most Expensive Home: 1 Leopard Street, Kangaroo Point
1 Leopard Street, Kangaroo Point
Selling price: $15 million
Early in 2021, another mega-mansion sold for the same price of $15 million—this sultry, sleek palatial residence in Kangaroo Point.
With six bedrooms and six bathrooms perched upon the clifftops of Kangaroo Point, this is truly a dream home. A private elevator takes you between the three floors of luxury living, complete with a soundproof cinema room, private spa and huge swimming pool, and wine cellar.
It was sold to Mr Morris, the CEO and MD of private wealth management group, Ord Minnett, and his wife, Louise, who were looking to downsize after three of their five children had moved out. The home had been on the market since 2019.
Its previous owners had paid $18.488 million for the property in 2017, making it the most expensive house sold in Brisbane that year.
Brisbane’s Fifth Most Expensive Home: 14 Sutherland Ave, Ascot
14 Sutherland Ave, Ascot
Selling price: $13 million
Sitting on a tree-lined street boasting some of Brisbane’s finest real estate is this impeccable blue-chip home.
The house was constructed in the 1880s and was on the market for a mere three weeks before it was sold to a local developer and his family. The 4,664 sqm residence has six bedrooms, a tennis court, swimming pool and spa with a commercial grade kitchen.
Most expensive houses on sale in Brisbane
Now that we’ve covered the most expensive houses in Brisbane over the past few years, let’s see what’s on the market right now.
18 Judd Street, Gumdale, QLD 4154
7 Bedrooms | 6 Bathrooms | 5 Car Spaces | 18,090 m² Land | 3,342 m² Floor Size
Set on 4.47 acres, this award-winning estate offers luxury dual living with five pavilion-style wings connected by glass galleries.
The main residence features four ensuite bedrooms, a gourmet kitchen with triple ovens and a walk-in cool room, and multiple living zones, including a cinema and wet bar.
Outdoors, enjoy a natural freshwater pond, botanical gardens, and a basketball court. A modern 2-bedroom second dwelling, 15-car showroom, and 40m x 20m powered shed add practicality to this dream retreat—just 17km from Brisbane CBD.
40 Wentworth Parade, Balmoral, QLD 4171
5 Bedrooms | 4 Bathrooms | 2 Car Spaces | 584 m² Land
This four-level architectural stunner in Balmoral’s best street boasts breathtaking city views, sleek stone and timber finishes, and top-tier features.
The chef’s kitchen with Gaggenau appliances flows to an expansive alfresco deck, while the media room opens to a sunlit pool terrace.
The master suite enjoys a private deck, walk-in robe, and luxe ensuite. With an 8-person lift, gym, CBUS home automation, solar power, and rainwater tanks, this home delivers ultimate comfort—moments from Oxford Street, top schools, and the CBD.
47 Yarawa Street, Kenmore
6 Bed | 3 Bath | 7 Acres
This stunning Kenmore estate offers seven private acres of park-like grounds with equestrian facilities, a full-size tennis court, and a private dam with jetty access to Moggill Creek.
The six-bedroom home features multiple living areas, a gourmet kitchen, a wood-burning fireplace, and a personal gym. A separate two-bedroom granny flat adds extra space.
Perfectly positioned near top schools, shops, and the Centenary Highway, this property delivers a peaceful lifestyle without sacrificing city convenience.
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FAQ Section on ‘The Most Expensive Houses in Brisbane’
What is the most expensive suburb in Brisbane?
The most expensive suburb in Brisbane is Teneriffe, with a median house price of $4.1 million. Chandler follows closely with a median price of $3.1 million. These exclusive areas feature luxury homes on large acreage, with strict council regulations limiting subdivision.
What is the record house price in Brisbane?
Brisbane’s record house price is $23 million, set in November 2024 by a renovated estate at 32 Sutherland Drive.
What is the most expensive home ever sold in Queensland?
The record for Queensland’s most expensive home is $42 million, paid in cash for an estate on Tallebudgera Connection Road, Tallebudgera.
Where do millionaires live in Brisbane?
St Lucia is home to many affluent residents, including academics and professionals. The suburb boasts prestigious riverside properties with an average value of $2.38 million.
What is the richest street in Brisbane?
Eldernell Terrace in Hamilton holds the title for Brisbane’s most expensive street. Other high-priced streets include Mullens Street ($3.7 million median), Riverview Terrace ($3.46 million), and Perry Street ($3.46 million).
Which city has the highest house prices in the world?
Hong Kong tops the list for the world’s highest property prices, with an average home costing $1.23 million USD. Singapore, Shanghai, and Vancouver follow closely behind.
