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This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45BRISBANE has a new auction price record, with a stunning riverfront property selling for an eye-watering $8.4 million tonight.Two local buyers — one from the northside and one from the southside — battled it out for 95-99 McConnell at Bulimba at an auction event held at Coco Republic. MORE NEWS: Agents share their open house ‘horror’ stories This stunning riverfront residence at Bulimba sold under the hammer for $8.4 million, setting a new auction price record for houses in BrisbanePlace Bulimba agent Sarah Hackett, who marketed the showstopping residence, said there were three registered bidders at the auction event, but ultimately it was a “two horse race”. Place Bulimba agent Sarah Hackett“Each party went through numerous times. It is truly a beautiful home and the gardens are exceptional,” she said.“Throughout the whole process, both buyers said they had bid more than they had planned to, that’s how much they wanted it.” Brisbane auction success surges to two year high The renovated kitchen has wide benchtops, premium-quality appliances, a built-in commercial fridge and freezer and a butler’s pantry. Ms Hackett said riverfront properties were highly contested, with cash buyers ready to pounce.“I have one cash buyer from this auction who has missed out but is ready to buy now,” she said.“We ran a beautiful campaign in the Courier Mail and the underbidder here called within three hours of it hitting the market.“But the riverfront (house) stock is at an all time low. The buyers in this price range however are ready to go.” SOLD UNDER THE HAMMER – 95-99 MCCONNELL ST, BULIMBA Bidding started at $5.5 million before jumping to $6 million and then increasing in $100,000 and then $50,000 lots. Kevin Seymour and Ben Seymour posing at 39 Griffith St, New Farm, Brisbane, 13th of March 2019. (AAP Image/Attila Csaszar)The Seymour Group are currently constructing a luxury development called The Oxlade on the site, which is also being marketed by Ms Hackett. RELATED: Brisbane’s hungry for luxury, says richlist developer Kevin Seymour Ms Hackett said they had other interested parties at the event, including one who just wanted the vacant lot and another who was keen to secure the house.“But ultimately we decided to do the whole lot first and that was a good decision,” she said. Just some of the auction crowd at Coco RepublicThe $8.4 million price eclipses the previous residential auction record of $7.75 million, which was achieved at 39 Griffith Street in New Farm earlier this year, and equalled that set when a St Lucia house went under the hammer a decade ago.The New Farm riverfront house was bought by Ben Seymour, the grandson of Queensland rich-lister and developer Kevin Seymour. RELATED: New Farm auction equals auction record Epic homes you can buy if you win Powerball The Oxlade in New Farm, Brisbane; Exterior street render: 39 ultra-luxury residences; Architect: Bureau^Proberts. Agent Sarah Hackett. Picture: Supplied The Oxlade in New Farm, Brisbane; Exterior rooftop pool render Picture: SuppliedMs Hackett said the Bulimba property was purchased as a family home, with the winning bidders, from the northside, having children in school nearby.“They didn’t just buy it for themselves but the whole family,” she said. More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoAnd it is easy to see why.The property consists of a 1473 sqm north facing riverfront block over two titles, and has a commanding 32m river frontage.The home itself has 951 sqm of living space and is influenced by grand European architecture.It has five massive bedrooms including a luxurious master bedroom with an enormous walk-in robe and an opulent ensuite. Other features include a media room, a lounge room with a corner bar and commercial bar fridge, a concealed, underfloor wine cellar and two deep water mooring pontoons.It is also close to Bulimba’s Oxford Street, and the ferry to New Farm Park, the CBD and sought-after schools.