Revealed: How fast Brisbane’s luxury homes are now selling

65 Agincourt Street, Grange sold for $4m.

Cashed up buyers are paying premium prices to avoid renovation headaches, with luxury properties selling three times faster than before Covid.

Lack of stock, huge construction costs, and continued migration into the southeast has buyers rushing to secure keys to turnkey properties in the River City.

Among the rapid sales was a new luxury home in Grange that sold pre-auction for $4m in six days, while a New Farm showstopper sold at auction for $18.5m.

65 Agincourt Street, Grange recently sold for $4m.

26 Elystan Road, New Farm

Other recent big sales include a Wooloowin home that was snapped up for $5m, a Teneriffe home that sold for $7.6m and an Ascot property that changed hands for $6.5m.

It follows a surge in home values across the region where the median home price jumped more than $100,000 over 12 months.

According to Place Advisory research, Brisbane’s $4m plus homes were now selling in under a month, compared to average campaign times of 60 to 90 days prior to the pandemic.

Inner-city blue-chip suburbs were driving this velocity, with some high-end listings now under contract within days of hitting the market.

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74 Primrose Street, Grange sold fro $4.44m.

3 Morgan Street, Ascot sold for $6.505m.

Place Newmarket’s Ross Armstrong handled the Grange sale and said the sale pace was emblematic of a broader trend occurring in Brisbane’s prestige property market.

“This $4m Grange sale shows that demand for new builds is high,” Mr Armstrong said.

“Buyers are chasing quality, lifestyle, and immediate liveability without compromise,” said Mr Armstrong.

The Place data revealed Brisbane’s median days on market had shrunk to an average to 22 days in the second half of 2025, with $4m plus listings in suburbs including Grange, Ascot, Norman Park, New Farm and Hamilton moving even faster.

27 Ramada Place, Fig Tree Pocket sold for $4.4m.

By comparison, pre-Covid luxury listings often sat unsold for two to three months.

With construction delays and inflated build costs, buyers are opting out of the renovation game and leaning into move-in-ready masterpieces.

“There’s huge appetite for finished product,” Mr Armstrong said.

“People don’t want to wait 18 months to build or gamble on budgets blowing out.

“They’ll pay top dollar to walk straight into a dream home.”

12 Malcolm Street, Hawthorne recently sold for $4m.

Ray White data showed a similar trend although senior data analyst Atom Go Tian said generally the more expensive a property was, the longer it would take to sell.

“The upper-middle market ($1m to $1.5m) extends to 25 days, while luxury properties above $1.5m take 32 days to sell,” Mr Tian said.

“Still, Brisbane’s luxury segment maintains relatively healthy turnover compared to other capital cities.”

Mr Tian said Brisbane’s affordable market (properties under $750,000) had homes selling in just 20 days, while the $750,000 to $1m bracket followed closed at 21 days.

247 Kent Street, Teneriffe sold for $7.625m.

Ray White New Farm’s Matt Lancashire said buyer interest in properties over $4m in Brisbane was up 60 per cent over 12 months with new listings drastically down.

“Real estate is supply and demand and when you have very little supply and a huge amount of buyers it just becomes this perfect storm,” Mr Lancashire said.

Mr Lancashire said his median days on market had dropped from 45 days prior to the pandemic so just under 30 days now with many auction campaigns running 28 days.

27 Ramada Place, Fig Tree Pocket sold for $4.4m.

He said buyers wanted turnkey properties to avoid lengthy planning and building timeframes.

“People are gravitating to finish products,” he said.

“It’s due to the time constraints.

“If you build or renovate you’ve got to source the property or the land, get an architect and builder, and they’re not signing fixed builds so there is no real sight in what it will cost.

“By the time you purchase to when you move in, it could be two to four years.”

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