August 3, 2026 — 11:37amDaisy Hill’s own “Taj Mahal” has sold for a record-smashing $3.52 million after five families battled for the keys before a packed crowd.The home of builder Eli Homes was built in 2014 and is adorned with pillars and chandeliers, with a pool, spa and golf putting green out the back.It sits on a 1203 square metre block at 29 Lynette Way in The Sanctuary estate and last sold nine years ago for $1.58 million to former CBRE China head of finance Doris Yan, shortly after she and her family moved to Brisbane.The now CFO said they had reluctantly decided to part ways with the five-bedroom estate to be closer to Churchie.On Saturday, the auction not only delivered Yan a near $2 million windfall but broke the Daisy Hill house price record by $220,000.Bidding opened at $2.115 million. At $3.33 million, the home neared the reserve and two bidders remained.Daisy Hill’s 29 Lynette Way is adorned with pillars and chandeliers, with a pool, spa and golf putting green out the back.Ray White Springwood and Shailer ParkSelling agent Johnson Teo, of Ray White Springwood, said the winners – a family from Tanah Merah – had only started house hunting eight days before.“They have four kids and they loved it as soon as they saw,” he said.Teo said the underbidder had recently lost at another auction in The Sanctuary and had brought his best friend for support.“This result is probably down to the quality of the home and the fact that you can’t build a home for less than $2 million now.The “limited edition” bathroom at 29 Lynette Way, Daisy Hill.Ray White Springwood and Shailer Park“And [Birger and Raisa Eliasson of] Eli Homes have retired so it’s really a limited edition,” he said.Teo said a significant change in buyer perception had spurred suburb price growth.“When I started selling 11 years ago nobody wanted to buy here,” he said.“That’s not the case any more. Still, to get a price like this in a market like this is unbelievable.”The home was one of 137 scheduled auctions across South East Queensland. By Saturday evening, Domain recorded a preliminary clearance rate of 34 per cent from 83 reported results, with seven homes withdrawn.In Hamilton, a meticulously renovated 1926 townhouse with a hidden wine cellar sold for $1.385 million to a young couple upgrading from New Farm.The two-bedroom, one-bathroom character home sits on a 303-square-metre block at 14 Lexington Terrace and had been the home of KP Architect co-owner Nat Dixon since 2013.Dixon renovated the home and reworked the floorplan. It was while working on a new bathroom that builders discovered a hidden wine cellar.The home drew 80 groups through it ahead of the auction and four bidders on the day.After opening at $950,000, three bidders sparred until $1.2 million before one dropped out. Sporadic $1000 and $5000 rises followed to $1.365 million when it was called on the market and a silent fourth bidder jumped in with $500.The late arrival buyer nabbed the keys.“They sat back and watched and waited and then jumped in,” said selling agent Aaron Woolard, of Place New Farm.Woolard said the buyers were a young couple from New Farm, mimicking the exact move Dixon made all those years ago.He said the result belied a subtle shift in confidence.“Honestly, we have had a few weeks where we’ve had uncertain times and both sellers and buyers have been nervous to make a decision. But I feel like the dust has settled,” he said.“I think everyone’s gone through the five stages of grief since the budget and we’ve finally reached acceptance.”In Kedron, a woman bidding over the phone from the Glasshouse Mountains outbid a pack of builders to nab a “knockdown” cottage, sight unseen, for $1.85 million.The three-bedroom postwar house, at 77 Eleventh Avenue, sits across from the park and has remained in the same hands for 30 years.A mix of first-home buyers and developers registered for the keys, but a $1.55 million opening bid from Desi Construction Group blew seven of the 12 bidders out of the water.Five remained, exchanging $50,000 rises to $1.7 million, before increments slowed and two were left at $1.8 million. The underbidder, a builder, asked to pause for a 90-day settlement; the vendor declined, leaving the phone bidder to nab the keys.Ray White Wilston’s Holly Bowden said the buyer was a local who bought the home as an investment.“I think they just saw the opportunity and that gave them confidence,” she said.Bowden said the market had recently benefited from a rush of buyers using self-managed super funds to borrow for residential investment property purchases – a strategy being shut down from August 10.AMP chief economist Dr Shane Oliver said the SMSF deadline had likely sparked a small buying bubble, helped by lowered inflation numbers, released last week. Those figures in turn sparked predictions the RBA will keep the cash rate on hold.“While it probably won’t be this month, I suspect the RBA will have to raise rates again.“So I think it will be a hawkish hold.”Property listingsFrom our partners