PADDINGTON HOUSE RECORD SET WITH $12M SALE OF LANDMARK ‘GOVERNESS’ HOME
A restored 1860s Brisbane residence transformed by GRAYA has smashed Paddington’s house price record, selling for more than $12 million.
3 min
Queensland’s Paddington has a new benchmark.
The Brisbane suburb’s residential price record has been reset following the sale of ‘Governess’, a landmark 1860s-era home reimagined by local builder-developer GRAYA.
The five-bedroom residence at 49 Reading Street has transacted for more than $12 million, the highest price achieved in the tightly held inner-Brisbane suburb, underlining continued strength at the top end of the market.
GRAYA, led by brothers Rob and Andrew Gray, has built a reputation for delivering design-led homes and boutique residential projects, but ‘Governess’ represents one of its most ambitious undertakings to date, both in scale and execution.
The home was marketed by Ray White Collective’s Matt Lancashire and Josh Brown, who said the result reflects both the quality of the product and the depth of demand for premium homes in established suburbs.
“Governess is an absolute showstopper,” Lancashire said.
“It’s easily one of the most significant and meticulously transformed character homes ever to hit the Brisbane market, and the record result reflects exactly that.”
Brown said the sale reinforced a consistent trend emerging across Brisbane’s prestige market.
“To achieve a result like this in Paddington proves there is still an incredible appetite for ultra-premium, character-rich homes when they are executed flawlessly,” he said.
For much of the past year, the home has been a point of local intrigue. During its transformation, it drew regular attention from passersby along Reading Street, a reflection of both the scale of the site and the prominence of the build.
Set on a 1,634 sqm corner parcel, ‘Governess’ sits elevated above the surrounding streetscape, capturing sweeping city and ridgeline views. The position alone places it among a limited pool of homes capable of achieving outcomes at this level.
What distinguishes the project, however, is not just the site, but how the existing home has been reworked.
Rather than a conventional renovation, GRAYA has undertaken a full-scale reinterpretation of the original 1860s residence, retaining its heritage elements while introducing a contemporary extension that reshapes how the home is used.
The transition between old and new is anchored by a central spiral staircase, which acts as both a functional connection point and a defining architectural feature. It separates the more traditional elements of the home from the contemporary addition, creating a clear but cohesive distinction between the two.
Internally, the material palette has been carefully considered to reflect the surrounding environment. Green marble and walnut-toned cabinetry echo the leafy outlook, while large expanses of glazing bring in natural light and frame the elevated views.
Ceiling heights of 3.1 metres and floor-to-ceiling glass reinforce that sense of openness, allowing the home to operate across both indoor and outdoor zones. Living and dining areas extend to a wraparound deck overlooking landscaped lawns and a resort-style pool, positioning the home as much for entertaining as it is for day-to-day living.
The kitchen has been designed as a central hub, anchored by a 4.5-metre island beneath a skylight and supported by a concealed butler’s pantry. Outdoor entertaining is equally integrated, with an alfresco BBQ area connecting directly to the main living spaces.
Below, additional amenity spaces reflect the growing expectation for lifestyle-driven design at this level of the market. A gym and tasting room, complete with cellar, bar and lounge, sit behind thermally insulated glass, providing dedicated zones for both recreation and entertaining.
Accommodation is spread across five bedrooms, alongside a study and additional office space. The primary suite occupies the uppermost level, functioning as a self-contained retreat with its own lounge, private deck, dressing room and ensuite.
The inclusion of features such as an internal lift, home automation via Electronic Living, and a five-car garage reinforce the level of specification.
The sale highlights the continued evolution of Brisbane’s prestige housing market.
Suburbs like Paddington, long defined by their character housing and proximity to the CBD, are increasingly seeing a new layer of product emerge. Rather than incremental renovations, developers are delivering full-scale transformations that position heritage homes at the very top of the market.
The former Paddington record was set in early 2025 when a newly built home, ‘Mascotte’, on Garfield Drive, sold for $11.8 million.
Mirzaian is a senior director within CBRE’s Development NSW business, operating across the company’s Western Sydney and North Sydney offices
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Edge Design Consultants has remained a relatively small studio, allowing Rizk to maintain personal involvement across its projects.
4 min
The most convincing luxury interiors rarely need to announce their value.
Their appeal is revealed more gradually: in the weight of a door, the texture of a natural material, the proportion of the furniture or the way lighting changes the mood of a room after dark.
It is this quieter expression of luxury that has shaped the work of Charlie Rizk, founder and design director of Sydney studio Edge Design Consultants.
Established in 2006, the boutique practice works across residential and commercial interiors, offering services that range from architectural interior design and material selection to bespoke furniture, furnishing and final styling.
Its portfolio spans family homes, waterfront retreats, commercial workplaces and apartments within some of Sydney’s most prominent residential buildings. But according to the studio’s philosophy, the common thread is not a readily identifiable aesthetic.
Instead, it is an emphasis on longevity, personalisation and a close relationship between designer and client.
From the salon to the design studio
Rizk’s route into interior design was unconventional.
Before establishing Edge Design Consultants, he founded the Sydney hair salon Escapadehfb. While the two businesses operate in different creative fields, Rizk’s early career gave him experience in interpreting highly personal client briefs.
That ability to listen — and to distinguish between what a client initially requests and how they ultimately want to feel — became central to his work in interiors.
A client may arrive with a collection of reference images, favourite colours or individual pieces of furniture. The designer’s role is not simply to assemble those elements. It is to identify the underlying preference connecting them and translate it into a coherent environment.
That distinction becomes particularly important in bespoke residential design, where the success of a room is determined by more than its appearance in photographs.
The interior must accommodate routines, collections, entertaining, children, pets, privacy and storage. Materials must also be selected according to how they will perform after years of use.
A deliberately boutique model
Edge Design Consultants has remained a relatively small studio, allowing Rizk to maintain personal involvement across its projects.
For clients, that structure offers continuity. Architectural detailing, fixtures, finishes, furniture and styling can be developed as parts of the same design narrative rather than commissioned as disconnected stages.
The studio’s full-service model can begin with spatial planning and architectural interiors before progressing through mood boards, material selections, custom furniture and the final installation.
This continuity is particularly valuable on complex homes involving architects, builders, specialist trades, suppliers and landscape designers. Decisions made at the beginning of a project can affect everything that follows, from the dimensions of a custom sofa to the placement of lighting, power and joinery.
Bringing the interior designer into the process early can help prevent decorative decisions from being imposed on a largely completed building.
It also creates opportunities for furniture, art and objects to inform the architecture itself.
The case against a signature look
Many successful designers become associated with a recognisable palette or recurring visual device. Edge takes a less prescriptive position.
The studio’s work includes warm, layered family interiors as well as more restrained contemporary apartments and sharper commercial spaces. Its stated priorities are durability, considered materials and an understanding of the way each space will be occupied.
This does not mean abandoning a point of view. Rather, the designer’s sensibility is expressed through proportion, editing and consistency instead of a formula repeated from one project to another.
For affluent homeowners, this can be an important distinction. A heavily trend-driven interior may look current when completed but quickly reveal the moment in which it was designed.
An enduring home needs enough character to feel individual without becoming hostage to a short-lived fashion.
Natural stone, timber, metalwork and well-made furniture can provide that foundation, but material expense alone does not create permanence. The detailing, installation and relationship between the materials matter just as much.
Designing from the building out
Edge’s published portfolio includes residential projects in Pymble, Epping, North Rocks, Strathfield, Pyrmont and Wagstaffe, along with the furnishing and styling of a residence in Crown Sydney. A Pymble residence (below) was featured on Channel Nine’s Australia’s Best House in 2023.
The scope varies between projects.
Some commissions involve complete architectural interior design, furniture and styling. Others focus on furnishing an existing residence, where the challenge is to introduce identity without altering the underlying architecture.
A penthouse, for example, may already possess exceptional views, finishes and proportions. The designer’s task is then to create intimacy, establish visual rhythm and ensure the furniture remains appropriately scaled to the volume of the rooms.
A freestanding family home presents different considerations. Storage, circulation, durability and the relationship between indoor and outdoor areas may take precedence over creating a formal sense of arrival.
The best result is not necessarily the most dramatic. It is the one in which the architecture, finishes, furniture and objects feel as though they were always intended to coexist.
Luxury as a personal experience
After 20 years, Edge Design Consultants sits within a design market transformed by social media and unprecedented access to international references.
Clients can now identify furniture, stone, lighting and interiors from around the world before their first conversation with a designer. That access can broaden a brief, but it can also produce an overwhelming collection of competing ideas.
The designer’s role is increasingly one of curation: deciding what belongs, what should be removed and which references can be translated convincingly into an Australian home.
For Rizk, the boutique scale of Edge allows that process to remain personal.
The studio’s version of luxury is therefore not defined by a single material, brand or visual signature. It lies in the time spent understanding a client, the care with which each element is selected and the sense that the completed space belongs specifically to the people living within it.
Fact box
- Designer: Charlie Rizk
- Role: Founder and design director
- Studio: Edge Design Consultants
- Established: 2006
- Location: Sydney, NSW
- Services: Architectural interior design, spatial planning, mood boards, fixtures and finishes, bespoke furniture, furnishing and styling
- Project types: Luxury residences, apartments, penthouses and boutique commercial interiors
- Selected locations: Pymble, Epping, North Rocks, Strathfield, Pyrmont, Wagstaffe, Macquarie Park and Crown Sydney
- Selected media: Australia’s Best House, Kanebridge Quarterly and Robb Report Australia
- Website: edgedesignconsultants.com.au
- Instagram: @edge_design_consultants
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