Top Qld home sales of 2025 revealed

The top sales of 2025 in Queensland have been revealed, led by a Mermaid Beach mansion that fetched $27.5m.

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Brisbane’s residential property market entered a new era in 2025, becoming the second most expensive in the country and achieving a new home sale price record.

Chemist Warehouse millionaire Jeff Wasley paid a jawdropping $25m for a three-storey New Farm home owned by prominent Queensland developer and Graya managing director Rob Gray, which will soon be demolished to make way for a $40m mansion.

The sale smashes the previous record of $23m and caps off a year where the city’s luxury market outperformed, with the top 10 sales all over $12m.

This property at 17 Julius St, New Farm, has sold for a new Brisbane home sale price record of $25m. Image supplied.

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But it was the Gold Coast that claimed the top sale of 2025 in Queensland, with a beachfront home in Mermaid Beach’s ‘Millionaires’ Row’ fetching $27.5m — just shy of the all-time record of $28m achieved last year.

The property at 127 Hedges Ave last changed hands in 2021 for more than $15m.

While selling agent Amir Mian of Amir Prestige declined to comment on the buyer, it is understood a local family splashed the staggering amount.

This beachfront home at 127 Hedges Ave, Mermaid Beach, sold for $27.5m in 2025.

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The second biggest sale of the year in the state was in Noosa, which continues to attract high-net worth buyers from interstate and Brisbane.

Adrian Reed of Reed & Co negotiated the sale of 29 Cooran Court for $26.8m to Brisbane buyer Nigel Gardiner, the chair of national builder, Paynters.

In third place is a showstopper of a property at 14-16 Riverbend Ave in Carrara, on the Gold Coast, which sold to a mystery buyer for $26m.

This property at 29 Cooran Court, Noosa Heads, sold for $26.8m.

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Leading real estate agent Michael Kollosche handled the mega sale, which set a new suburb record for Carrara and comes with a lengthy list of ultra-luxe features including a swim up bar, rooftop terrace, tennis court and an interior design rivalling a five-star resort.

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“The sale reflects the continued strength of the prestige riverfront market and the demand for truly unique homes of this calibre,” Mr Kollosche said.

“Both the buyer and seller are delighted with the outcome, which represents the highest price achieved for a riverfront home on the Gold Coast this year.”

This property at 14-16 Riverbend Avenue, Carrara, sold for $26m.

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Place Estate Agents managing director Sarah Hackett negotiated two of Brisbane’s biggest sales of the year — a penthouse at 250/1 Newstead Tce in Newstead for more than $20m, and a riverfront mansion at 98 Virginia Ave, Hawthorne, for $20m.

The latter made headlines for selling to Olympic gold medallist Libby Trickett and her husband, Luke, who plan to demolish the existing house and build a new one.

Mrs Hackett said there had never been a better time to live in Brisbane and buyers were realising that more than ever.

This riverfront property at 98 Virginia Ave, Hawthorne, sold for $20m in 2025.

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“We still have buyers moving back from South East Asia, the UK and the US,” Mrs Hackett said. “Melbourne and Sydney migration is also extremely strong. Our weather, schooling options, ease of traffic and senior job opportunities coming into play with the massive infrastructure for the 2032 Olympics makes Brisbane the chosen state.”

“Those who are moving their families to Queensland are buying, not renting. Property prices are only going to increase, so it’s time to get into the market or upgrade your place of residence.

“We have a database of over 9000 buyers looking for riverfront opportunities and it is growing. All of our riverfront sales this year had multiple offers. Even my top sales received competitive bidding. I have never seen such a tightly-held market with such demand growing!”

This penthouse at 250/1 Newstead Terrace, Newstead, sold for $20m-plus in 2025.

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Brisbane’s median home value — units and houses combined — ended the year just shy of $1m at $997,000, according to PropTrack, reflecting the incredible growth.

Herron Todd White director Shannan Chandler said Brisbane’s prestige market had shown “remarkable resilience despite broader economic headwinds”, with record-breaking sales and sustained demand.

“The River City is now firmly on the map as a destination for luxury real estate, where waterfront holdings and architectural statements command eight-figure price tags,” Ms Chandler said.

This property at 26 Elystan Rd, New Farm, sold for $18.5m at auction in 2025.

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“The fundamental driver remains unchanged: acute scarcity of quality stock within highly sought-after precincts. This supply-constrained environment has created a potent dynamic where motivated purchasers are prepared to pay significant premiums to secure the right property.

“Off-market transactions have become increasingly prevalent, with astute agents recognising that many high-net-worth individuals prefer discretion over public marketing.”