Historic Graceville Home ‘The Gables’ Sells for $3.62 Million

A young local couple has secured a historic Graceville home, paying $3.62 million for the century-old landmark known as ‘The Gables’.

Photo Credit: Ray White Sherwood


The property at 15 Molonga Terrace, built in 1915 by architect Walter Taylor, was auctioned on Saturday. The sale drew significant local interest, with three active bidders competing for the historic estate.

Photo Credit: Ray White Sherwood

A Home Steeped in History

The five-bedroom estate, situated on a 2,011-square-metre block, has been home to just three owners throughout its 109-year history. The auction began at $1.5 million, with bidding proceeding in $50,000 increments until reaching $3.5 million, when the property was called on the market.

The final bidding narrowed to two local families, who continued with $1,000 and $3,000 increments until the final sale price of $3.62 million was reached.

Photo Credit: Ray White Sherwood

Restoration Challenges

The home requires substantial restoration, with the selling agent noting that some potential buyers anticipated spending several million dollars on repairs. The property needs extensive work, including crack repairs and significant underpinning on half the home.

Photo Credit: Ray White Sherwood

Architectural Significance

The Gables features distinctive architectural elements, including:

  • An extensive entrance hall
  • A grand silky oak staircase
  • Multiple fireplaces
  • Seven bedrooms
  • Three bathrooms
  • Expansive grounds with city views
Photo Credit: Ray White Sherwood

Location and Community

Located in Graceville, the property is near local schools, cafés, and just 18 minutes from Brisbane’s CBD. It sits within the Sherwood State School catchment and is close to several educational institutions.

Photo Credit: Ray White Sherwood


The sale marks a new chapter for a home that has been in the same family for 55 years, promising continued preservation of its historic significance.

Published 9-December-2024

Chelmer Riverfront Mansion Sets New Real Estate Record

The Chelmer real estate market has made headlines with a breathtaking sale. Within mere days of being listed, a riverfront mansion at 116 Queenscroft St, Chelmer, has fetched an astounding $8.45 million, smashing records and setting a new real estate record for the suburb.

The sale now stands as the second-largest residential transaction in the history of Chelmer, showcasing the undeniable appeal of this picturesque riverside community.

Dramatic entryway to the property
Photo Credit: Properstar

The property, a spacious family home nestled on a sprawling 1923-square-meter parcel of land, has been part of Chelmer’s landscape since its acquisition in July 2010 for $5.35 million by the previous owners. Their decision to downsize has sparked this incredible sale, which underscores the vibrancy of Chelmer’s real estate market.

One of the 5 bedrooms inside the property
Photo Credit: Properstar


Local real estate agents Heath Williams and Ann-Karyn Fraser collaborated to market this property, and the results were nothing short of astonishing. A local family from the Chelmer area emerged as the successful buyer, securing the property just 12 hours after it was listed. Such swift action underscores the intense competition in the market, as two eager buyers submitted offers within days.

The luxurious living room overlooking the view of a lake
Photo Credit: Properstar

What makes this mansion truly exceptional are its features—a luxurious five-bedroom, five-bathroom layout, complete with an inviting infinity pool and lounge deck, a private pontoon, a wine cellar, and roomy garaging for four vehicles. Its north-facing orientation, immunity to flooding, and idyllic riverfront location undoubtedly contributed to its allure.

View of the relaxing infinity pool and lounge deck
Photo Credit: Properstar

According to Heath Williams, the limited availability of comparable properties in Chelmer, coupled with economic stability and stagnant interest rates, has motivated buyers to seize opportunities. “There’s limited stock, and I think everyone’s gotten tired of waiting for the world to collapse and are just getting on with it. There’s a lot of activity suddenly. Interest rates have been on hold for a while now, so people are seeing it as safe to wade back into the water.”

The infinity pool and lounge deck at daytime overlooking the Brisbane River
Photo Credit: Properstar


This record-breaking sale follows Mr. Williams’ previous success in the Chelmer market when he brokered the $8.8 million sale of 37 Morley Street two years ago. Additionally, a historic home at 44 Moreton St, New Farm, recently sold for a sum higher than its asking price of over $4.1 million.

Floor plan of the whole property
Photo Credit: Properstar

The ongoing success of Chelmer’s property market continues to captivate its residents and reaffirms the enduring appeal of this charming riverside community.

Published 08-October-2023