 The Braeside Estate was subdivided during the 1920s economic boom, when rising Council rates combined with the lure of attractively increasing prices obtained for inner city suburban blocks in good locations, led to the subdivision of most of the remaining large suburban estates at New Farm, Hamilton, Ascot and Clayfield.Edward Ferdinand Powers acquired title to subdivision 1 in September 1927; title to subdivision 2 was transferred in 1928, as was that to Braeside on subdivisions 4 and 5 and re-subdivision 1 of subdivision 6; and subdivision 3 was transferred in 1932, although possibly sold in 1927–28.New houses on subdivisions 1-3 were erected and occupied by 1929.