The home’s artistically designed interior with exposed brick,timber and metal detailing drew seven bidders despite its modest land size.
First home buyers paid $790,000 for the oversized 1990s brick one-bedroom unit,beating 11 others to the quiet,walkable location.
Local pride and loyalty are the main reasons people are reluctant to leave some Greater Brisbane suburbs,and why it is harder for others to find real estate.
An investor keen to capitalise on Sydney’s soaring rents beat nine other parties for the tidy apartment close to cafes.
Does your house earn more than you? The typical Brisbane house has gained more than $100,000 in value in a year,and much more in some locations.
As Brisbane rents reach record highs,home hunters are queueing out the door even for tiny properties with obvious problems.
Across 18 sought-after suburbs in south-east Queensland,weekly rent will now set you back $1000 or more.
It’s now the second most expensive capital in Australia to rent a typical unit. There are few homes available – and some suburbs are worse than others.
After a fierce battle of the first home buyers,the winners picked up a quaint two-bedroom home with period features.
A renovated Artarmon home attracted scant buyer interest at first,but a cut to the price guide prompted a surprisingly good result.
They boast a convenient location,a village feel and plenty of shops and restaurants,and buyers are willing to spend up to get in.