A two-bedroom Clayfield unit at 1/78 Wagner Road sold for $660,000, attracting an unprecedented 24 registered bidders and exceeding the area’s median price for similar properties by a significant margin.
The 132-square-meter ground floor apartment, built in 1970, showcases the enduring appeal of Clayfield’s older housing stock. Known for spacious layouts and features like separate laundry rooms, these properties are increasingly sought-after in a market favouring quality and location.
Drew Davies of Place Ascot, who handled the sale with colleague Guy Horsley, noted the exceptional interest in the property. “It was the most registered bidders we’ve seen for a single auction in recent times,” Davies remarked, underscoring Clayfield’s current market heat.
The sale price represents a substantial increase from the $44,000 the previous owner paid 44 years ago, reflecting Clayfield’s long-term growth potential. More recently, the suburb has seen a 19% jump in median prices for two-bedroom units over the past year, reaching $545,000.
Clayfield’s proximity to Brisbane CBD — just 10 kilometres away — continues to be a major draw. The suburb is attracting a diverse range of buyers, from first-time homeowners to downsizers and investors, all vying for a piece of this desirable northside locale.
The strong result aligns with a broader trend in Clayfield and surrounding areas. “We’ve seen a huge surge in interest for apartments over the last year, especially for those in small blocks with low body corps in premium locations,” Davies explained, highlighting Clayfield’s particular appeal in this regard.
Published 3-July-2024
