It took a sale of more than $3m to have a chance at cracking Tasmania’s top 10 sales of 2025. Figures from realestate.com.au show 16 homes sold for more than $3m. These were single dwellings up to 10ha, not farms. About half are located in Hobart. While Tasmania’s median prices are highest in Battery Point and Sandy Bay, the top three sales were in other areas. The most expensive property was a coastal home in Cooper St, Seymour. It was sold by Jo Oliver from Harrison Agents Launceston who said the price remains undisclosed. Ms Oliver said the four-bedroom home, known as First Light, had been purchased by someone who grew up in Tasmania. “They loved the sitting of the home on the spectacular coast and the way in which the architecture integrates into the landscape and the privacy,” she said. The 2.15ha waterfront property was listed for sale in the $4.5m-$5m bracket, per realestate.com.au. The property features rammed-earth and timber construction, breathtaking views, a wood heater, window seat, numerous decks, a timber boardwalk, a separate guesthouse, high-end bathrooms, watercraft storage facilities and a station for cooking crayfish. Ms Oliver noted that local, interstate and international buyers showed an enormous amount of interest in the property. “The sale price was in line with price expectations,” she said. The next largest sale was a waterfront property at Woodbridge that fetched $4.25m. The Channel Hwy home, known as Peppermint Cove, has been described by Harcourts Huon Valley director Nick Bond as “special”. “It’s very unique to have this many acres on the water’s edge,” he said. Tasmania’s third most expensive sale of the year was back up north in Launceston hotspot Relbia, where No.310 Glenwood Rd achieved a $4.05m sale. Insitu Property director Kristi Seymour described it as “timeless, luxurious, sophisticated property”. It was also purchased by Tasmanians. She said that the 4.19ha estate is highlighted by an Ozone pool nestled among mature landscaping. The property also has a full-size tennis court, fitness room, substantial garage space, and automated irrigation. “With parklike grounds established over decades, the property has an unmatched sense of calm; it is a sanctuary,” Miss Seymour said. Rounding out the Top 5 is a record-breaking sale in King St Bellerive that set a new high for the suburb, and historic 1940s home Winston on Sandy Bay Rd. A notable sale that did not make this list was historic Gattonside at No.53 Sandy Bay Rd, which, during the sale campaign, looked like it might be bought as a residential property, but instead will remain a commercial endeavour. If it was a residential sale, it would have been close to the top of Tassie’s most expensive homes chart, per realestate.com.au statistics. Another standout property is Koonya’s Triptych , a 100-acre multi-dwelling showstopper that caught the imagination of property lovers from all over Australia. The market’s reaction was “immense”, with people flying in to Tassie to experience it first-hand, and the property being Australia’s fourth most-viewed home on realestate.com.au in the week it launched. It was listed with The Agency Hobart and Sydney Sotheby’s International Realty and achieved a multimillion-dollar sale.

Riverfront homes now sell for six times the city median after recording a staggering 29 per cent price jump in one year, highlighting the premium high-end buyers will pay to secure a stake in Brisbane’s dwindling waterfront property. Place Advisory’s Brisbane Riverfront Property Market Report revealed riverfront home sales in Brisbane averaged $5.8m after the city officially joined the “ultra-prime” club in 2024, recording its first two sales above $20m. The report analysed the 12 months to October 2025, showing how scarcity and high-net-worth demand had reshaped real estate’s top end. Hawthorne stood out as one of Australia’s strongest-performing waterfront suburbs, with recent sales averaging more than $12m, including two $20m-plus deals. Other frontrunners Bulimba and Yeronga had average sale prices of $6.25m and $5.86m respectively. Sarah Hackett of Place New Farm said the findings reinforced the exclusivity of Brisbane’s blue-chip waterfront belt. “Buyers know opportunities are incredibly limited, and when quality homes come to market, competition is immediate and decisive,” Ms Hackett said. The agency had a swelling list of more than 9,000 buyers waiting to secure their slice of the wet stuff, she said, while just 76 detached house sales with river or water frontage were recorded in the 12 months to December 2025. The city’s residential record was shattered last month with a riverfront knockdown in New Farm changing hands for $25m. The eye-watering sum was three times what owner Rob Gray, a local developer, had paid for the 688 sqm property just three years prior, with no improvements to it since. Mr Gray said the site’s five-storey zoning contributed to the high sale. The co-director of design and build firm Graya said he was already hunting for another riverfront site. “I genuinely think I am going to regret selling it, because when I look back at this in five, ten years’ time it will look like a cheap sale,” Mr Gray said. “Even though now the sale looks so big, I still think there is so much more growth to come in inner-city riverfront blocks. “I’ve been looking to acquire another one in the last year, and noone is willing to sell which really highlights just how scarce those protected view corridors and ridge lines really are.” Ms Hackett said riverfront homes were attracting a very broad buyer pool, from local families upgrading long-term to interstate buyers who saw Brisbane as exceptional value compared to Sydney and Melbourne. “There’s a confidence in this part of the market that hasn’t wavered. Even when broader conditions fluctuate, prestige riverfront homes continue to set their own benchmarks. “Even both of my $20m-plus sales received competitive bidding. I have never seen such a tightly held market with such growing demand,” she said. uctioneer Justin Nickerson, of Apollo Auctions, said properties along Brisbane’s inner-east river bends were marked by short campaigns and very high clearance rates. Historically, waterfront properties attracted 80–120 per cent premiums over non-waterfront homes, with Brisbane’s riverfront now firmly in line with this elite category in company with Sydney Harbour and other coveted global markets. “It is a given that people are attracted to living by the water, and particularly in Queensland being a state with an active, outdoor lifestyle we find buyers will always gravitate to waterfront properties when they come to auction,” Mr Nickerson said.