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Mystery multi million-dollar deal sets a new benchmark for Brisbanes western suburbs

Mystery multi million-dollar deal sets a new benchmark for Brisbane’s western suburbs The impressive home at 71 Tristania Road, Chapel Hill, is now for sale. It has an acre of living space under roof. Photo: McGrath Paddington Mystery multi million-dollar deal sets a new benchmark for Brisbane’s western suburbs A Chapel Hill mansion has been snapped up after only weeks on the market in a secret deal worth millions. Owned by Dr Margaret Davison, a general practitioner, and husband Malcolm, a cardiologist, the sprawling house set on a secluded hilltop position at 71 Tristania Road is said to have smashed the suburb record of $3.6 million, setting a new benchmark for the entire western suburbs corridor. Listing agents  Reuben Packer-Hill  and Alex Jordan of  McGrath Paddington  refused to speculate on the amount the new owners, a local couple with two older children, had paid. The replacement value of the house at 71 Tristania Road is estimated to be $4.3 million. Photo: McGrath Paddington However, it’s rumoured to have sold for close to $4 million. It’s the second record sale for Chapel Hill in a matter of weeks, giving further weight to the prestige status of this leafy enclave that lies seven kilometres west of the CBD and has a median house price of $790,000, Only last month, leading property developer Sunland Group purchased a prime 2.29-hectare (5.65-acre) site on Kirkdale Road for $5.9 million, earmarking it for a boutique residential development of three and four-bedroom houses, with an estimated end value of $30 million. Mr Packer-Hill, who also brokered that deal, said at the time that house prices in Chapel Hill were likely to rise substantially over the next couple of years following the  land sale.

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