65 Agincourt Street, Grange sold for $4 million.
Cash buyers are paying premium prices to avoid renovation issues, with luxury properties selling three times faster than pre-Covid.
Lack of inventory, huge construction costs and continued migration to the Southeast have buyers scrambling to get the keys to turnkey properties in the River City.
Among the quick sales was a new luxury home in Grange that sold for $4 million at pre-auction in six days, while a showstopper from New Farm sold at auction for $18.5 million.
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65 Agincourt Street, Grange was recently sold for $4 million.
26 Elystan Road, New Farm
Other recent big sales include a house in Wooloowin that sold for $5 million, a house in Teneriffe that sold for $7.6 million and an Ascot property that changed hands for $6.5 million.
It follows a rise in home values across the region, where the average house price has risen by more than $100,000 in 12 months.
Brisbane’s $4 million-plus homes now sold within a month, compared to the average campaign time of 60 to 90 days prior to the pandemic, according to research from Place Advisory.
The luxury inner-city suburbs have been the driving force behind this pace, with a number of high-end listings now under contract within days of hitting the market.
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74 Primrose Street, Grange sold for $4.44 million.
3 Morgan Street, Ascot sold for $6.505 million.
Place Newmarket’s Ross Armstrong handled the sale of Grange and said the pace of sales was emblematic of a wider trend taking place in Brisbane’s prestigious property market.
“This $4 million Grange sale shows that demand for new construction is strong,” Mr Armstrong said.
“Buyers seek quality, lifestyle and immediate livability without compromise,” Mr. Armstrong said.
The Place data showed Brisbane’s average days on the market had shrunk to an average of 22 days in the second half of 2025, with $4 million-plus listings in suburbs such as Grange, Ascot, Norman Park, New Farm and Hamilton accelerating even further.
27 Ramada Place, Fig Tree Pocket sold for $4.4 million.
By comparison, pre-Covid luxury listings often went unsold for two to three months.
Construction delays and high construction costs are causing buyers to ditch the renovation game and opt for move-in-ready masterpieces.
“There is a huge demand for finished products,” Mr Armstrong said.
“People don’t want to wait eighteen months to build or gamble on budgets that spiral out of control.
“They pay a lot of money to walk straight into a dream home.”
12 Malcolm Street, Hawthorne recently sold for $4 million.
Data from Ray White 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 ($1 million to $1.5 million) takes 25 days, while luxury properties above $1.5 million take 32 days to sell,” Tian said.
“Yet Brisbane’s luxury segment maintains relatively healthy sales compared to other capital cities.”
Mr Tian said in Brisbane’s affordable market (properties under $750,000) homes sold in just 20 days, while those priced from $750,000 to $1 million closed after 21 days.
247 Kent Street, Tenerife sold for $7.625 million.
Matt Lancashire of Ray White New Farm said buyer interest in properties over $4 million in Brisbane has increased by 60 per cent in 12 months, while the number of new listings has fallen dramatically.
“Real estate is a matter of supply and demand, and when you have very little supply and a large number of buyers, it just becomes a perfect storm,” Lancashire said.
Mr Lancashire said his average days on market had fallen from 45 days before the pandemic, so now just under 30 days, with many auction campaigns lasting 28 days.
27 Ramada Place, Fig Tree Pocket sold for $4.4 million.
He said buyers wanted turnkey properties to avoid long planning and construction timelines.
“People are drawn to finishing products,” he said.
“That is due to the time pressure.
“If you build or renovate, you have to buy the property or land, hire an architect and a builder, and they don’t sign off on permanent structures, so there’s no real visibility into what it will cost.
“From the time you buy until you move in, it could be two to four years.”
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