Damian and Lee Burke are selling their house at 67 Lockerbie St, Kangaroo Point. Picture: Jamie Hanson.
DAMIAN and Lee Burke were newlyweds when they moved into a rundown Queenslander in the heart of Kangaroo Point.
In the three decades they have lived there, the house has grown along with their family and the suburb around it. And they would never have dreamt of being in the heart of where Brisbane will host an Olympic Games.
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This property at 67 Lockerbie Street, Kangaroo Point, is on the market.
It’s good timing for the Burkes, who are selling their century-old Queenslander in a tightly held pocket of the city — and just down the road from The Gabba, which will be the epicentre of the 2032 event.
The Burkes have progressively renovated the home over the years, starting with a major transformation that saw the Queenslander lifted a metre and filled in beneath.
The heritage home has a wraparound verandah.
By the time their children began arriving in 1993, a slice of Brisbane history was becoming the perfect family home. Around them Kangaroo Point was changing too.
Apartment buildings were springing up, but Mr Burke said for many years Lockerbie Street stayed true to its historic roots. “When Lee and I bought there, we were the youngest in the street and for a long time we were the only ones with children,” Mr Burke said. “Most of the residents were older, they were often widows, and the houses were rundown.”
The original property at 67 Lockerbie Street, Kangaroo Point, before it was renovated.
In more recent years, a new generation of residents has steadily moved in.
The street now boasts a vibrant community of young families in houses that have been restored to their former glory.
Mr Burke noted back when he purchased his home, he could not have foreseen the suburb’s renaissance.
“I didn’t really think about it too much,” he said. “We just lucked out on how big our house was.”
The property has five bedrooms, three bathrooms and a large outdoor entertaining area and pool
Now it features five bedrooms, an expansive home office with separate entry, and three bathrooms on a street with proximity to the city, South Bank, the river, and Kangaroo Point Cliffs.
Jason Adcock of Adcock Prestige, who is marketing the home at 67 Lockerbie Street, believes suburbs close to where Olympics infrastructure will be upgraded — like Kangaroo Point — will become more popular with buyers.
“Values are increasing in this inner Brisbane suburbs already because the market is so hot,” he said.
The kitchen in the property at 67 Lockerbie St, Kangaroo Point.
“I expect as the start of the Olympics moves closer we will see demand really ramp up in the suburbs and values continue to grow.
“Now is the perfect time for buyers to try and enter these markets before things really take off.
“It’s also not too early for investors to start looking at these suburbs now so they can position themselves to own rental properties to meet demand in 2032.”
The back of the home at 67 Lockerbie St, Kangaroo Point.
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