Property buyers could have made a 70 per cent capital gain in five years – if they picked the right time and place.
Three determined bidders fought “tooth and nail” for one of the Brisbane suburb’s last original Queenslanders.
House prices have more than doubled in the past five years in some parts of regional Australia,but other neighbourhoods have risen much less.
Keith Lloyd,the man behind Brisbane’s pink mansion and Shafston College,died in 2023. The courts were left to decide how one of his relationships should end.
The sun has not set on the Aussie dream of owning a place on the coast and some areas are even cheaper than 12 months ago.
“Queenslanders,worker’s cottages,character homes that are close to the city centre tend to get the most interest,” says the Queensland Public Trustee’s top auctioneer.
One of the longest streaks of rising prices in the city’s history has ended,but experts warn any reprieve for budget buyers may not last.
Experts are calling for more education and even a UK-style business registration scheme for property investors renting homes out.
The 12-year-old apartment boasts panoramic views to Mount Coot-tha,a 292-square-metre floor plan,three bathrooms,a media room and a rare four-car garage.
New figures lay bare how far the cost of home ownership has soared out of reach,but a key solution seems elusive.