Address Spinks & Co

SPINKSCORESIDENTIAL PRESTIGEPROPERTYNEWS SpinksCo Residential was proud to present to the market in May the landmark home “Nyrambla”. The grand estate, built in 1885 at 21 Henry Street Ascot, is one of the most prestigious and beautifully preserved properties in Brisbane. The historic home was once the headquarters of the US Central Bureau. Situated on 2,608m 2 of private grounds in the heart of Ascot, the home is magnificently renovated to bring together the elegance of a more gracious time with the luxuries of contemporary living. Featuring 4.2m ceilings, deep wrap-around verandahs with cast iron lacework, grand staircase, marble fireplaces, imported chandeliers, sprawling lawn, pool, pool house and fruit orchard, it was designed by early Brisbane architect James Cowlishaw. It is set within arguably Brisbane’s most coveted blue-chip suburb, within easy reach of elite schools, parks and Racecourse Road’s café and boutique precinct. During the course of the campaign, we welcomed over 100 groups of buyers through the open homes and conducted more than 10 private inspections. The Auction was held on Saturday 29th May before a large gathering of registered bidders, neighbours and interested onlookers. There was great anticipation with all present eager to witness history unfold as the home changed hands after 100 years of ownership by generations of one family. The property was sold on the day to a very fortunate local family, in a deal worth close to $9 million dollars. SpinksCo Residential would like to take this opportunity to wish the new owners many years of happiness in this remarkable home. NAB previously predicted a rise of 14% across all capital cities over 2021 but NAB Group chief economist Alan Oster said the bank had upgraded this to 16% rise in Brisbane. CBA now expects Brisbane house prices to increase by 16.6% to December 2022 compared to 13.7% in Sydney and 12.4% in Melbourne. ANZ economists forecast Brisbane house prices will rise by 9.5% next year, as low interest rates and government stimulus flow through economy. Westpac has updated its property forecasts, with Brisbane real estate prices tipped to surge between 2022 and 2023. BRISBANE HOUSINGMARKET FORECASTS source: Michael Yardney Property Update