25-year-old Queenslander is Tingalpa’s third richest house sale ever

first_img >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<< More than $12 million in long term infrastructure funding has been earmarked for Tingalpa in Brisbane City Council infrastructure planning targets that support the Living in Brisbane 2026 vision. The corrugated iron bar sits neatly behind the stairs at 72 Stanton Rd, Tingalpa.“It was probably one of the longest auctions I’ve had with negotiations between bidders and vendors, just trying to get the bid above reserve,” Ms Fraser said.Following lengthy back and forth between all parties, the four-bedroom house was sold under the hammer for $960,000 to a family with two children. The property is nestled in the middle of the block.The sale is Tingalpa’s richest for the year and third highest ever, according to CoreLogic property data that also shows the suburb currently has a median house price of $552,550.Ms Fraser said the buyers appreciated the large block size which was still a short drive to the city.Tingalpa is one of 29 suburbs listed as a suburb to watch in 2019 by the Price Predictor Index following increases in sales demand.RELATED: BRISBANE SUBURBS TO WATCH IN 2019 The four bedroom Queenslander at 72 Stanton St, Tingalpa.A LENGTHY duel between two auction bidders has secured Tingalpa’s richest house sale of the year.It was also a win for the retired couple who sold 72 Stanton Rd, 10km east of Brisbane’s CBD.They received 13 times what they bought the block of land for in the early 1990s.center_img A purpose-built fire pit on the 4277sq m block. Ray White Wynnum-Manly agent Vicki Fraser said two registered bidders fought it out for the property, with bidding kicking off at $850,000.Bidding rose in $25,000 lots until $925,000 when a $5000 bid was followed by another $20,000.At $950,000 the auction was paused, as negotiations between the vendors and bidders were facilitated by agents.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago The couple bought the 4277sq m allotment for $72,000 in 1993, and built a double-storey Queenslander shortly after. SEE WHAT ELSE IS FOR SALE IN TINGALPAlast_img

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