Ipswich heritage complex 88 Limestone Street sells for $13.0 million

A landmark mixed‑use heritage building at 88 Limestone Street in Ipswich’s CBD was sold for $13.015 million to a private medical‑sector buyer, highlighting strong demand for stabilized income‑producing assets in Queensland’s fastest‑growing regional city.

In Sydney, a first‑home‑buyer couple paid $1.804 million for a renovated two‑storey Glebe terrace, while a mid‑century modern home in Hunters Hill fetched $12 million in a rapid auction, underscoring pockets of high‑value activity despite a broader market slowdown.

Queensland’s premium market also saw a 51‑floor Queens Wharf apartment sell for $3.43 million after a competitive three‑bidder auction, and a Bentleigh, Melbourne unit passed in at $940 000, reflecting varied regional performance.

Domain Group’s latest data showed a 51 percent clearance rate for 715 scheduled auctions in Sydney, while south‑east Queensland’s clearance rate remained around 16 percent, signalling mixed buyer sentiment across Australia’s property sector.