Brisbane’s most expensive house resold at a loss

The Kangaroo Point property is believed to be selling for nearly $16m.

Brisbane Broncos chairman Karl Morris and his wife, Louise, are paying a speculated price close to $16 million for the Kangaroo Point home which set a metropolitan record when the vendors bought it four years ago.

One Leopard Street sold for $18,488,888 then.

An attempt to offload it last year for $18m fell through.

Coincidentally, Mr Morris – the chief executive of Ord Minnett – is behind the city’s second biggest single residential sale: 1-5 King Arthur Terrace in Tennyson trading for $17.6m in October, 2019.

The year earlier, Gina Rinehart paid $18.5m for neighbouring Hawthorne properties which have since been amalgamated (story continues below).

Heath Williams and Judy Goodger of Place Estate Agents marketed 1 Leopard St for China-based Zijian Zheng and Huihui Zhai.

On 1184 square metres, the site is famed for its panoramic Brisbane CBD view.

The three level home contains 1445 sqm of area including a cinema, gym and wine tasting room.

The home contains 1445 square metres of internal area including a wine tasting room.
A bedroom adjoining a pool.
The home was marketed to prestige buyers as ripe for renovation.
The gym has Brisbane River views.

Share or Recommend article

Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco