New Farm’s property market is chalking up big deals and record sales


first_img5/81 Moray St, New Farm has sold for $6.5 million.NEW FARM’S property market is chalking up the big deals with millions worth of properties changing hands in a record breaking unit sale.The already popular market has had a surge of interest with a record breaking $6.5 million unit sale on the weekend.The three-bedroom apartment at 5/81 Moray St, in the riverfront Aquila building, was listed through Brett Greensill of LJ Hooker New Farm.CoreLogic records reveal the previous record unit price in New Farm was held by a unit in the same building which sold for $6.2 million in 2009.The other top sale was an apartment at 10/170 Bowen Tce which sold for $6.15 million in 2017.5/81 Moray St, New Farm has amazing city and river views.Mr Greensill said while there appeared to be a lot of negative sentiment about the unit market at the moment, but riverfront was a whole different category.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus20 hours agoA new economic sentiment tracker by which surveyed industry experts revealed this week that the majority of experts felt the Brisbane apartment market was the most oversupplied.Plenty to look at from 5/81 Moray St, New Farm.Insights Manager at, Graham Cooke said excess stock could dampen price growth so investors should ensure they bought close to the CBD and good public transport.But Mr Greensill talk of an oversupplied unit market related more to the investment market and not the owner occupier market, which was performing well, particularly units in prime locations.Inside the luxury top selling unit at New Farm.“People talk about the apartment market, but the reality is that the river front apartment market is the same market as the riverfront housing market,’’ he said.Demand continued to be strong for both, as evidenced by this sale.The three-bedroom apartment was sold to an owner occupier who was downsizing from a house in Hamilton.The former owner had bought a house in New Farm.last_img read more