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Fast Auction Sets New Record in Greenslopes

A post-war cottage at 94 Dunellan Street, Greenslopes, has sold under the hammer for $1.39 million, the highest price ever paid for a three-bedroom home on a 405-square-metre block in the suburb.

Short Campaign, Intense Competition

The auction followed a 17-day sales campaign led by Place Estate Agents, which drew 79 inspection groups and generated more than 125 buyer enquiries. The listing also attracted over 40,000 digital views. Ten bidders registered for the auction, which concluded in just four minutes.

Bidding began at $1.1 million and quickly escalated in increments of $50,000 and $10,000, with the final $40,000 contested by two remaining parties. A young couple upgrading from their first home secured the winning bid and plan to demolish the existing structure to build a new residence.

Property Features and Location

The property, built in the post-war period, features traditional timber floors, casement windows, and decorative cornices. The layout includes a renovated kitchen and bathroom, three bedrooms, a flat backyard, and a lock-up garage.

Positioned just 5.5 kilometres from the CBD, the home is located close to Stones Corner Village, local cafes, public transport links, and major hospitals. It also falls within the Brisbane South State Secondary College catchment and is a short walk from parks and Greenslopes State School.

Broader Market Context

According to selling agent Ben Smith of Place Estate Agents, the pace and intensity of bidding resembled auction activity last seen in 2021. He attributed the strong buyer turnout and rapid bidding to renewed market confidence amid expectations of falling interest rates. Most participants were first and second-home buyers.

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The auction was part of a larger weekend of Brisbane property sales, with 145 scheduled auctions and a 42 per cent preliminary clearance rate from 112 reported results.

Published 14-June-2025

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