Historic Queenslander Fetches $1.8 Million at Auction in Annerley

A 105-year-old Queenslander in Annerley has sold at auction for $1.8 million, exceeding expectations amid strong demand for original homes on large blocks.

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Historic Annerley Home Draws Strong Auction Interest

A classic Queenslander at 48 Junction Terrace, Annerley, sold under the hammer on 26 April 2025 for $1.8 million. The home, sitting on a rare 810-square-metre double block, attracted seven registered bidders, with final competition coming down to a local investor and an owner-occupier from central Queensland.

The auction opened at $1.4 million and progressed in $50,000 increments before reaching a sale price $50,000 above the reserve. The property had remained largely untouched for two decades and was one of the few remaining original Queenslanders in the suburb.

Period Charm and Rare Block Size in Annerley

The three-bedroom, two-bathroom home featured heritage details including ornate ceilings, leadlight bay windows, and French doors. The property includes an enclosed verandah, a family-sized rear deck, and multipurpose spaces downstairs such as a study and rumpus. While the downstairs section did not meet legal height requirements, the overall presentation retained its historic value.

Located within 2 kilometres of Greenslopes Private and Princess Alexandra Hospitals, and inside the Brisbane South State Secondary College catchment, the property also offers a double carport and additional parking for a caravan or trailer. The 22-metre frontage spans two titles.

Surging Demand for Queenslanders in Annerley

Selling agent Matt Slater reported over 100 attendees and more than 70,000 online views throughout the campaign, attributing the strong result to limited stock and increasing interest in Annerley’s remaining heritage homes.

The latest House Price Report recorded an 11 per cent increase in Annerley’s median house price over the past year, rising to $1.305 million. The auction result for 48 Junction Terrace significantly surpassed that figure.

Looking Ahead

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With most original Queenslanders in Annerley already renovated or redeveloped, the sale of this largely untouched property highlights ongoing buyer interest in rare, character-filled homes on large inner-city blocks.

Published 30-Apr-2025