Backing A Winner | Why Hendra Is Hot Property

One of my favourite transformational suburbs in Brisbane is Hendra.?Only a decade ago, I remember achieving what was at the time, the suburb's first $2 Million dollar sale of a gorgeous Colonial Queenslander on Manson Road.

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It was huge news at the?time, establishing?Hendra in the spotlight, shedding?its?image as the poor?cousin?to Ascot, Hamilton and Clayfield.

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A decade ago, Hendra was almost rural, with the clip clop of horses being walked along the street at 4 in the morning, horse paddocks and stables. Fast forward a decade and Hendra has transformed.?

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Filled with fashionable families, it is now one of the highest sought and highest growth suburbs in Brisbane.?To see the list of top 10 Brisbane Growth Suburbs?Click Here

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The new face of Hendra is young couples like Kurt and Chantel Edwards.?Like many young couples moving into the suburb, they fell in love with the wide open streets, parks and community feel of the area.?They originally bought a beautiful old Queenslander on a double block with horse stables on the back, which they renovated and restored.

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Getting itchy feet during Covid, the couple decided to take a chance on a passion project, with an opportunity to split their block at 72 Ure Street Hendra , first making sure their beautifully restored Queenslander was relocated and passed into the hands of a deserving family.

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Much like a story from "The Block," the young couple, blessed as well with a new arrival of their first child during the process, undertook a massive three year project to divide the block and build a magnificent new home. This weekend their newly completed, "Myra" named after the original 90 year old owner of the block, will be launched to the market.?

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Driving around this emerging precinct, it is very clear to see the incredible transformations taking place, making this a fashionable and highly desirable area for young families.?We've included full details of "Myra" below, which will be open from 12.00 this Saturday. We'd love to see you there. Kurt and Chantel have put their heart and soul into this beautiful turnkey home built by award winning Homes by CMA.?

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Incidentally, data released this week by Ray White Chief Economist Nerida Conisbee shows exactly why new builds like 72 Ure Street remain in high demand with buyers.?The smart money continues to favour buying a newly completed home, with buyers favouring the certainty of buying a completed product, avoiding the headache of finding a builder and doing a reno to their existing property.

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The savings in time, money and effort in buying brand new are substantial.?It seems there's no renovation rescue in the short term, with Ms Conisbee's data showing this week that even general maintenance?materials?around the house are on the rise,?with?paint, bricks, plaster and tiles all up by around 9%.

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To read Ms Conisbee's full report,?click here?

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Top 10 Sales of The Week

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This week's top sales in Brisbane highlight the strong demand for luxury homes and spacious family residences across a variety of suburbs, including fringe areas. Buyers are actively seeking properties that provide immediate comfort and convenience, as evidenced by high-value transactions throughout the city. These sales underscore the diverse needs of families in Brisbane's competitive real estate market.

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1. 1 Laidlaw Parade, East Brisbane $11,000,000+

2. 15 Sydney St, New Farm $4,650,000

3. 109 Villiers St, New Farm $3,925,000

4. 20 Atkinson St, Hamilton $3,650,000

5. 33 Tristania Dr, Bardon $confidential

6. 21 Rougham St, Windsor $3,275,000

7. 82 Rosebery Tce, Chelmer $3,200,000

8. 13 Quebec Ave, Camp Hill $confidential

9. 72 Henry St, Kalinga $2,750,000

10. 32 Lindsay St, Hawthorne $2,550,000

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*Top 10 Results are based on publicly available data, auction results, and data provided by agents. Data is deemed reliable at the time of publication but Christine Rudolph and Ray White New Farm neither warrants its accuracy or accepts any liability in relation to its use.