A Red Hill property steeped in Brisbane history has sold under the hammer for $2.32 million, well above its reserve, after an eight-minute auction that drew four registered bidders on Saturday.
The four-bedroom, two-bathroom home at 111 Arthur Terrace sits on a 506-square-metre block and is notable for its use of salvaged materials sourced from some of Brisbane’s most recognisable landmarks. The home incorporates bricks from the Cannon Hill stockyards, cupboards originally from a convent, benchtops made from floor joists salvaged from the Treasury Building, and structural pillars from Brett’s Wharf.
The buyer, a local Brisbane man, had been watching the property for four years — having first taken notice of it during the pandemic. On Saturday, his persistence paid off when he opened bidding at $1.6 million. A series of $100,000 rises followed before the field narrowed to two determined bidders, with the hammer falling in just eight minutes.
Selling agent Alex Rutherford of Place New Farm described the atmosphere as electric, saying the vendors were delighted with the result while the buyer was left in a state of disbelief. She noted that pre-auction offers had fallen well short of the $2 million mark, making the final sale price a significant result for the vendors.
Rutherford attributed the strong outcome to the home’s one-of-a-kind construction, combined with tight stock levels and growing demand in Red Hill. The property had previously sold in 2018 for $1.03 million and had most recently been held by a local investor, who was renting it out at $1,000 per week.
The sale was one of 126 auctions scheduled across south-east Queensland on the day. By Saturday evening, Domain had recorded a preliminary clearance rate of 49 per cent from 82 reported results, with nine properties withdrawn.
Published 9-February-2026
