THE lure of Olympic property gold has seen a Melbourne purchaser pay $2.3 million for a home in Kangaroo Level that they’ve by no means set foot in.
The basic Queenslander at 67 Lockerbie Avenue is a brief stroll from The Gabba, which would be the epicentre of the 2032 Video games.
Information present the sellers paid simply $140,000 for the property in 1990, however have since accomplished vital renovations.
Promoting agent Jason Adcock of Adcock Status stated the Melbourne household, who purchased the property sight unseen, was not planning to maneuver to Queensland for an additional two years, however didn’t wish to miss out.
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“They felt an actual sense of urgency to purchase out there now, as a result of they wished to be in an inner-city suburb once they relocate they usually knew that property costs would start to soar in these areas because of Brisbane successful the 2032 Olympic bid,” Mr Adcock stated.
“They had been ready to purchase with out bodily visiting the property as they had been nervous that they could in any other case miss out within the energetic market in the event that they waited till they might journey to Brisbane to view it.
“We’re receiving loads of inquiries from interstate patrons who actually wish to get into the market now, forward of the value will increase and hovering rental demand which will certainly eventuate because the Olympics attracts nearer.”
The century-old, five-bedroom house sits on a 531 sqm block simply 2km from Brisbane’s CBD.
Kangaroo Level has a median home value of simply over $1 million.