24 Turner Avenue, New Farm QLD 4005
24 Turner Avenue, New Farm QLD 4005
Prime New Farm contemporary | 355sqm on 403sqm | pool detected | auction 23 May | no fixed price
This property occupies a rare configuration in New Farm,a full-size contemporary house on a near-level block with a pool and private balcony, in an area where most stock is pre-war or apartment. For a buyer seeking a low-maintenance family home or executive residence with study and secondary living, the floorplan works without compromise. The 88% building coverage and 12m elevation are strong signals of privacy and usable outdoor space, while the auction clearance rate of 75% in the local 4-bed market suggests competitive tension but not irrational bidding. The property suits a buyer who values immediate occupancy, modern finishes, and inner-city walkability over renovation upside or land banking.
The primary risk is the lack of a price guide and the short marketing period,only 5-8 days on market as of early May. This creates uncertainty in valuation and may attract underprepared bidders or a vendor with aggressive expectations. The discrepancy in floor size (276sqm vs 355sqm) should be clarified before bidding, as it affects per-square-metre comparison. The pool detection at 80% confidence requires physical verification. For a buyer, the opportunity lies in the auction format,if competition is thin, a disciplined bid near the $4.06m low end of the estimated range could secure a property that would otherwise trade at a premium in a longer campaign. Hold for lifestyle use or as a long-term family base; rental yield is secondary here.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24 Turner Avenue, New Farm QLD 4005
Market Insight:
New Farm is a premium inner-city suburb with a distinct market dynamic between its high-value houses and more accessible units. Demand is driven by young professionals and couples, supported by Brisbane’s robust economy and long-term confidence from major infrastructure projects. Recent price trends show divergence, with houses experiencing some softening while units demonstrate stronger capital growth. Future growth is underpinned by the city’s Olympic momentum, though the suburb’s premium pricing presents an affordability constraint relative to the broader market.