A suburb on Brisbane’s northside is set to rise almost 50 per cent over the next five years

Kedron Top 10

A retired couple, who delayed selling their home, could make an extra $200k because of the property boom sweeping through their Brisbane suburb. Picture David Clark

In just six months retirees Rose Kent and Bill Conner’s Kedron home has increased an estimated $200,000 in value although it could be the tip of the iceberg.

Kedron, about seven kilometres north of the CBD, is expected to rise almost 50 per cent over the next five years, according to exclusive PropTrack data.

The married couple had planned to downsize mid-year but put off their plans until closer to Christmas as house prices across Brisbane soared with Kedron among the more prosperous on the north side.

Kedron Top 10

Retirees Rose Kent and Bill Conner’s are selling their Kedron home of 22 years to downsize. Picture David Clark

The couple has called their four-bedroom house on an expansive 786sq m block home for more than 20 years, but with the market so effervescent, Ms Rose said it was time to sell their 28 Jardine St abode.

“In the last two years the prices in Jardine St have continued to go up, little cottages were going for about $950,000 at the beginning of the year,” Ms Kent said.

“We got the real estate agent to value our house about six months ago and then again recently and they couldn’t say what the top figure might reach but the bottom figure had risen about $200,000.”

She said their street had undergone massive gentrification with a number of the cottages being bulldozed to make way for Hampton’s-style homes.

However, the hammer comes down on their home on December 18, Ms Kent said she hopes the new buyer had as much joy living in their house as they did over two decades.

“It’s just too big for us, but the area is superb,” she said.

“We’d just like to see another family in it and it would be hard to see it knocked down but it is up to whoever buys it because it has a traditional character and is such a solid home.”

Ray White agent Trent Vinson. Picture: Supplied

Ray White agent Trent Vinson. Picture: Supplied

Situated in the heart of the Padua Precinct, with the house literally backing onto the grounds of Padua College, Ray White real estate agent Trent Vinson said he had fielded inquiries from interstate and local families.

He said the families had their eye on sending their children to one of the three private schools, Mt Alvernia College or Padua College or St Anthony’s Primary School, at the top of the street.

“The whole street has undergone a transformation and one of the newer builds recently sold for a suburb record, although it has since been surpassed,” Mr Vinson said.

“It’s an area that heavily grown in demand in the past 12 months and you can drive to the Gold Coast, or even northern NSW, without seeing a set of traffic lights because it’s near Airport Link.”

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