Brisbane household scores 30 years’ lease in at some point at public sale

This home at 123 Canopus Avenue, Coorparoo has offered for $2.53 million.


A BRISBANE household has simply scored 30 years price of lease in a single hit after deciding towards renting out their model new funding property and promoting it at public sale as an alternative.

The home at 123 Canopus Avenue, Coorparoo was constructed by Heisig Constructions.


The Hamptons-style five-bedroom house at 123 Canopus Avenue, Coorparoo offered beneath the hammer yesterday for $2.53 million to a household from Sydney.

Coorparoo resident Paul Ryan stated he bought the block in 2018 and had the home constructed to the same normal as his personal, with the intention of renting it out for $1600-$1800 every week as a second revenue stream.

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“However due to the craziness available in the market, I used to be satisfied to have a crack at promoting it,” Mr Ryan stated.

“So I took an opportunity and due to the present increase within the property market, it ended up doing rather well.”


The home, on a big 809 sqm block, was probably the most widespread to go to public sale in Brisbane yesterday.

Queensland rich-lister Maxine Horne’s Ascot house did not promote and was handed in with a vendor bid of $2.6 million whereas one other Ascot home at 11 Duke Avenue smashed its reserve value by $265,000 when 22 bidders took it to public sale, promoting for $1.48 million. And a three-bedroom cottage at 50 Grove Avenue, Albion had 31 bidders and offered for $967,000.

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