Selling prestige property in Brisbane can be a hard ask, particularly at auction. Place West‘s auctioneer Peter Burgin knew that going into the sale of 43A Dopson Street, Taringa.

“It’s hard because no one can tell you what this property is worth,” Mr Burgin said. “The process we’re going through at the moment is the best process you can do.”

The massive, three-level house was the brainchild of master architect Richard Kirk, offering a Brutalist take on home living, with exposed steel accents standing out on the imposing poured concrete structure.

Selling agent Wade Ruffin (left) with auctioneer Peter Burgin ahead of the auction. Photo: Jim Malo

Selling agent Wade Ruffin said the build was a eye-catching concept for leafy Taringa.

“It’s very industrial, commercial with all these different elements,” he said. “A lot of the people who have been looking at this property say it will be breaking new ground.”

Potential buyers played their cards close to their chests at Saturday’s auction. Of the three registered, only one bidder was active. Two of the four bids were placed by the auctioneer, in hope of enticing more competition.

43A Dopson Street, Taringais expected to break records when it sells. Photo: Supplied

It passed in with the sole competitor ahead, at $2,475,000.

Mr Ruffin said he hoped the home would set a precedent when it eventually sold.

“We had hoped it would set a record,” he said. “You’d probably see this [type of home] more in Newstead rather than in Taringa.”

A local inspecting the courtyard of the imposing home. Photo: Jim Malo

The final bid was close to what the sellers were expecting, but it still would take some time to close the deal, Mr Burgin said.

“You just have to accept at this end of the market these deals can take a couple of hours or days and if you want to achieve the right result you have to exercise a bit of patience,” he said. “You’ve got to respect that, the only thing you do otherwise is apply downward pressure to value.”

The future buyer and the vendor were not the only ones invested in the sale; Mr Ruffin said the wider Taringa community wanted a big sale to usher in a new era of prestige properties in the postcode.

“A lot of people are watching very closely because they believe Taringa has been a very, very well kept secret,” he said. “Builders who have built prestige homes and haven’t gone to market are watching.”