Late car magnate’s riverfront penthouse sells for $5.825 million

Key points

• A riverfront penthouse once owned by Queensland businesswoman Betty Byrne Henderson has sold at auction for $5.825 million after a contest between two local bidders. The three-bedroom home sits in the Arcadia building on Newstead Terrace and overlooks the Brisbane River.
• Selling agent Sarah Hackett said the buyer plans to modernise the property.
• The sale came days after Domain data showed Brisbane house prices fell $66,000 in three months, the steepest quarterly drop on record.