A newly built five-bedroom Kedron home has sold for $2.2 million, defying traditional buyer concerns over flooding and neighbouring a cemetery.
Read: Stafford Centre Sold as Brisbane Retail Market Hits $32.3M in Sales
The auction result reflects the growing demand for high-end homes in Brisbane’s inner north, where land scarcity is pushing buyers to reconsider properties that may have previously been overlooked.
The property at 5 Bloxsom Street, which sits on a 683 square metre block, was designed and built by developer Andrew Bourner, who acquired the original house in 2014. Rather than demolish it, the house was relocated to Toowoomba to make way for the elevated, flood-conscious design now in its place.
Despite the site’s overland flow classification—meaning it’s prone to stormwater runoff—the home was carefully designed with elevation across the sloping block. Even the pool was raised to the same level as the living areas, creating a seamless layout while protecting against future weather events.
The Kedron home spent just three weeks on the market before going under the hammer. It opened at $1.5 million and swiftly climbed to $2.2 million as two serious bidders competed. The agent, Caleb Mayberry of Ray White Ascot, believed the price reflected the home’s quality and the suburb’s growing popularity.
Mayberry said the presence of the adjacent cemetery, once seen as a deterrent, actually became a point of interest for buyers seeking value in a tightly held suburb. He felt that many saw the opportunity to buy into Kedron at a price point that wouldn’t be possible on a nearby street without such perceived compromises.
Flood concerns, too, were addressed proactively. Bourner and Mayberry provided detailed information about insurance premiums and excerpts from a hydraulic engineering report to reassure prospective buyers. They aimed to show that the risks were manageable, especially with the home’s elevated construction and stormwater planning.
Mayberry noted that in the current climate—where extreme weather events have become top of mind for Queensland buyers—what mattered most was how the property might be impacted and whether insurance remained affordable. The campaign addressed these concerns early on, helping build confidence in the home’s resilience.
Bourner emphasised that while the floor height had been raised, the home retained an appealing and cohesive look, avoiding the awkwardness often seen in flood-prone builds perched high on stilts. The rear fence was also designed to be removed in extreme weather, allowing water to wash through without damaging the property.
Read: Street Spotlight: Beauval Street, Kedron
The strong result, Mayberry suggested, could signal a new wave of interest in homes like this across Kedron. With land values in the suburb now exceeding $1 million and many post-war homes being replaced with new builds, the area is reaching a tipping point. He predicted that more premium properties will emerge on formerly overlooked blocks and that similar sales are likely to follow in the next property cycle.
Published 19-June-2025