CELEBRITY BUILDER GRAYA UNVEILS PADDINGTON MASTERPIECE

Paddington’s skyline has a new star. A collaboration between celebrity builder Graya and award-winning architect Joe Adsett, this recently completed luxury residence is turning heads with its commanding city views, sculptural design and extensive list of high-end features.

Now on the market with Ray White New Farm agents Matt Lancashire and Josh Brown, the five-bedroom home is one of only a handful of private commissions by Graya, better known for creating showpiece addresses for Brisbane’s sporting and social elite.

The two-storey residence with iconic city views has no official price guide, given Queensland’s restrictions on pricing, but the latest sale on Reading Street, Paddington, was made in April when a four-bedroom house on 562 sq m sold for $4.38 million.

Sitting on a much larger 810sq m block, Skyline is one of the rare private residences by Graya among a handful of homes built for Brisbane’s most famous residents.

The high-profile firm is known for creating show-stopping houses for VIP clients, including footballer Darius Boyd and his wife Kayla, Wallaby Israel Folau, basketballer Aron Baynes and model Erin McNaught and her husband, rapper Example.

Brothers Andrew and Rob Gray, the celebrity builders behind Graya Constructions, have also just wrapped on the landmark project Kloud at Palm Beach. The Gold Coast development includes an apartment bought off the plan by globetrotting tennis legend Ash Barty and a palatial penthouse that just fetched $9.1 million after only 15 on the market.

Graya-built homes have been making headlines for their impressive resale value during a Brisbane housing boom. In June, a Mediterranean-inspired Hamilton home built by the brothers turned a $4 million profit in just 12 months when it sold for $12.5 million.

Skyline’s 20m frontage cuts an impressive figure and, thanks to the sloping block, captures a sweeping panorama of the city.

Crafted using a palette of stone and timber, the house has a long list of luxury fittings and finishes throughout as well as grand walls of glass to frame the views and draw in loads of natural light.

The L-shaped footprint features an open plan living and dining zone off the gourmet kitchen, which houses Miele appliances, a vast eat-at island bench, and a butler’s pantry.

This everyday space flows seamlessly into an outdoor kitchen on the covered terrace, a large, level lawn, and a unique heated infinity pool and spa, designed by Jack Boyd and recognised as a Master Builders Award finalist.

Upstairs, the accommodation level is home to a spacious main bedroom suite with a private balcony, a dual shower en-suite with a freestanding tub, plus a walk-in wardrobe with a skylight.

A gallery-style mezzanine walkway creates a double-height void below and leads to three more bedrooms, two with en-suites. There is also a home office with built-in desks, a gym space with storage and another balcony.

Additional features of the Paddington house include an entry-level guest room with an ensuite and built-ins, a separate media room, a mud room, laundry with a chute and drying court, a four-car lock-up garage, an outdoor shower, a fire pit, a Control4 smart home system, extensive security, irrigation, and solar.

Skyline is close to cafes, restaurants, boutiques and galleries, as well as multiple sought-after schools.

Skyline at 9 Reading St, Paddington is listed via an expressions of interest campaign closing on September 12 at 5pm.

Victorian auction buyers will soon receive a piece of information that has traditionally been withheld until bidding reaches it: the vendor’s reserve price.

Under new property-sale and underquoting laws, agents must publish the agreed reserve at least seven days before an auction or fixed-date sale. Most changes begin on 1 October 2026 and apply to auctions and fixed-date sales held from 16 October.

The reserve must be presented as a single dollar amount. Advertising and the new Property Price Statement must be updated to match it, without qualifiers such as “from”, “over” or “starting at”. If the reserve has not been published seven days before the scheduled sale, the auction or fixed-date sale cannot proceed and penalties may apply.

For buyers, the immediate benefit is clearer budget discipline. A purchaser should be less likely to pay for inspections, strata reviews, contract advice and loan preparation on a property whose seller will not accept a price within the advertised range.

That does not mean the published reserve predicts the result. Competitive bidding may still carry a property far beyond it. Nor does it remove the need to value the property independently. The reserve is the seller’s minimum at that stage of the campaign, not an expert statement of market value.

The Statement of Information will be replaced by a more prominent Property Price Statement. Agents must disclose key features of the property and of the comparable sales used to support the quoted price. Where three appropriate comparables cannot be identified, one or two must be supplied if they exist.

Sold-price transparency will also increase. Agents must add the unconditional sale price to the Property Price Statement within seven days and keep that statement available publicly for at least 18 months, subject to limited exemptions including personal or family-violence concerns.

Later changes will require Section 32 vendor statements to be made available earlier, including at least 14 days before an auction or fixed-date sale from June 2027. From July 2027, agents will be prevented from taking commission from deposits released before settlement.

Vendors and agents will need to adjust campaign strategy. Setting a reserve earlier may reduce last-minute flexibility and make price expectations more visible to competing buyers. Some vendors may prefer private treaty campaigns, although those sales remain subject to broader pricing and disclosure laws.

For buyers, the practical response is not simply to bid up to the disclosed reserve. Use it as one data point alongside comparable sales, building and pest reports, owners-corporation records, planning constraints and finance approval. Decide on a maximum before the auction and do not confuse the seller’s minimum with your own valuation.

Key dates

– 1 October 2026: Most new rules commence
– 9 October 2026: First reserve disclosures may be required for sales on 16 October
– 16 October 2026: New reserve rules apply to auctions/fixed-date sales from this date
– 1 June 2027: Earlier Section 32 availability begins
– 1 July 2027: Restrictions on commission from released deposits begin
– 1 December 2027: Broader sold-price reporting to Consumer Affairs begins

CELEBRITY BUILDER GRAYA UNVEILS PADDINGTON MASTERPIECE

A striking new build in Paddington, Skyline pairs Graya’s trademark craftsmanship with Joe Adsett’s award-winning design.