With negotiations taking place between the Christmas & New Year period in late 2024, the sale of Residence 8 is a fantastic reminder for the strength and demand of Brisbane’s high-end property market.
Spanning three weeks of contract negotiations, we were able to communicate at a high level around value, and shift the buyers from an initial offer of $12,200,000 to the contracted price of $12,800,000.
And to think our seller nearly missed out on this $600,000 gain…
ARGYLE
RESIDENCE 8
The reality is our buyer lived just downstairs.
This sale could have easily transpired without our help.
But with us in the wings, our seller was able to achieve an incredible result, in a short timeframe, over what is historically the quietest sales period of the year.
Sold $700,000 higher than next door (Residence 9) just 18 months ago. We also represented that sale. Our seller earned over $4,145,000 in capital gain. That’s over $1,000,000 per year since our seller purchased off the plan.
Represents the 2nd highest apartment sale in New Farm, beaten only by Argyle’s top floor penthouse trading at over $16,000,000 off the plan. Is New Farm’s 5th highest property sale ever.
BUT IT DOESN’T END WITH RESIDENCE 8…
ARGYLE
RESIDENCE 5
After contracting on Residence 8, our buyers from Residence 5 quickly became sellers. Maintaining an existing relationship, our assistance through Residence 8 negotiations, and experience in high-end apartment sales, we were asked to represent their sale for Residence 5.
AFTER 2 WEEKS ON MARKET
$9,100,000 3 OFFERS PRESENTED
The sale of Residence 5 relied entirely on our existing relationships with high net-worth buyers.
Despite launching online to market, all buyer inspections and all three offers presented were a direct result of speaking to our network.
ARGYLE RESIDENCE
5
Three offers presented over a period of three weeks, in order of;
$8,700,000
$9,050,000
$9,100,000 – Accepted & Sold
Our seller earned over $3,230,000 in capital gain. That’s over $800,000 per year since our seller purchased off the plan. Represents the 7th highest apartment sale in New Farm.
First re-sale on this floor of Argyle.
Like with Residence 8, we were able to convey value to buyers at a high level and provide our sellers with only increased offers, one after the other.
The sale of Residence 5 again shows us the increasing demand in Brisbane’s high end, with multiple buyers vying for these exclusive properties who are ready to act immediately.
