Riverfront home opportunities rare find in prestige Brisbane suburbs

New figures released by Urbis show the opportunity to own a freehold home along inner Brisbane’s riverfront are all but dried up as sites become ‘extremely scarce’. In the blue ribbon stretch between Hamilton and Newstead there are just 21 freehold riverfront homes, with recent sales achieving up to $11.8 million in Hamilton and up to $5.7 million in Newstead. 

Frasers Property Australia’s luxury development in Hamilton, Rivers Reach, currently represents the last freehold collection of waterfront homes in this stretch, with the final, newly completed home now selling. Urbis Director Paul Riga said the lack of available sites and a greater emphasis on apartment living were driving the low supply, increasing the value of freehold riverfront homes.

“The extreme scarcity of riverfront property in inner Brisbane means it not only holds a higher value but has appreciated in value at a faster rate than non-riverfront homes,” Mr Riga said.

“Regular freehold properties in Brisbane LGAs grew 9.1 per cent per annum over the last five years, compared to the inner Brisbane riverfront market which grew 10.7 per cent. During 2022 and 2023, 36 per cent of all riverfront homes in Hamilton sold for more than $5 million, with six sales achieving more than $10 million. 

Scott Ullman, general manager development Queensland at Frasers Property Australia, said the final two-storey four-bedroom freehold home at Rivers Reach, designed by award-winning architecture studio bureau^proberts, was seeking offers over $4 million.

“With freehold riverfront opportunities becoming increasingly rare, we knew our Rivers Reach collection needed to be unrepeatable,” Mr Ullman said.

“The architecture and attention to detail of each residence allows them to take full advantage of the absolute riverfront, while maintaining privacy and delivering 394sqm of living.” 

Located six kilometres from both the Brisbane CBD and Brisbane Airport within the celebrated Hamilton Reach community, the 11 freehold homes in Rivers Reach embody grand design, striking interiors and meticulous attention to detail. Each home enjoys private lift access from the secure three car basement garage. Within, the two levels of residential living frame the river at every opportunity, from the six-metre void above the main entrance, to the large entertainer’s kitchen, plunge pool, and expansive master suite.

Mr Ullman said the tightly held riverfront pocket was the focus of an extraordinary level of investment. 

“Hamilton has always been widely regarded as a blue-chip, lifestyle suburb close to the river, racecourse, city and airport, however the suburb’s role in the 2032 Olympics as host of the Athlete’s Village has elevated its profile with the Government’s commitment to significant infrastructure investment in this tightly held pocket,” Mr Ullman said.

Frasers Property Australia’s $700 million Hamilton Reach masterplanned community adjoins The Royal Queensland Golf Course and features 550m of direct river frontage, including 2.5ha of riverfront parkland. Constructed by leading Queensland builder McNab, Rivers Reach is located only a short stroll from the popular local Riva Kitchen café and the CityCat Ferry stop, and close to the popular Eat Street markets, Portside Wharf, and Racecourse Road’s fashion and dining precinct.