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Photo: McGrath Paddington Mystery multi million-dollar deal sets a new benchmark for Brisbane’s western suburbs A Chapel Hill mansion has been snapped up after only weeks on the market in a secret deal worth millions. Owned by Dr Margaret Davison, a general practitioner, and husband Malcolm, a cardiologist, the sprawling house set on a secluded hilltop position at 71 Tristania Road is said to have smashed the suburb record of $3.6 million, setting a new benchmark for the entire western suburbs corridor. Listing agents Reuben Packer-Hill and Alex Jordan of McGrath Paddington refused to speculate on the amount the new owners, a local couple with two older children, had paid. The replacement value of the house at 71 Tristania Road is estimated to be $4.3 million. Photo: McGrath Paddington However, it’s rumoured to have sold for close to $4 million. It’s the second record sale for Chapel Hill in a matter of weeks, giving further weight to Best Mortgage broker hop over to this site the prestige status of this leafy enclave that lies seven kilometres west of the CBD and has a median house price of $790,000, Only last month, leading property developer Sunland Group purchased a prime 2.29-hectare (5.65-acre) site on Kirkdale Road for $5.9 million, earmarking it for a boutique residential development of three and four-bedroom houses, with an estimated end value of $30 million. Mr Packer-Hill, who also brokered that deal, said at the time that house prices in Chapel Hill were likely to rise substantially over the next Mortgage broker Oak Laurel Carseldine, Carseldine QLD 4034 couple of years following the land sale. “The majority of people who buy and live in and around this area are white collar professionals like doctors and lawyers, who love the privacy, the large blocks and leafy streets, yet still want to be close to the CBD,” Mr Packer-Hill says. “In the last 12 months I’ve seen confidence, at the top end of the market especially, improve dramatically and we’re seeing new benchmarks set constantly.” Related: What it’s like to sell the house that made your blog famous It took just four weeks to secure the deal following an extensive four-week marketing campaign. With six bedrooms, five bathrooms, a championship-sized tennis court, cinema, swimming pool and two large sandpits, the new owners were bowled over by the size of the home, its useable acreage and ideal aspect.
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