This property at 67 Lockerbie Street, Kangaroo Point, has sold for $2.3m.
THE lure of Olympic property gold has seen a Melbourne buyer pay $2.3 million for a house in Kangaroo Point that they have never set foot in.
The classic Queenslander at 67 Lockerbie Street is a short walk from The Gabba, which will be the epicentre of the 2032 Games.
The property comes with a pool and large back deck with pitched roof.
Records show the sellers paid just $140,000 for the property in 1990, but have since completed significant renovations.
Selling agent Jason Adcock of Adcock Prestige said the Melbourne family, who bought the property sight unseen, was not planning to move to Queensland for another two years, but did not want to miss out.
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A Melbourne family has bought this property sight unseen for fear of missing out.
“They felt a real sense of urgency to buy in the market now, because they wanted to be in an inner-city suburb when they relocate and they knew that property prices would begin to soar in those areas as a result of Brisbane winning the 2032 Olympic bid,” Mr Adcock said.
“They were prepared to buy without physically visiting the property as they were worried that they may otherwise miss out in the active market if they waited until they could travel to Brisbane to view it.
There’s a firepit in the backyard for relaxing summer nights.
“We are receiving plenty of inquiries from interstate buyers who really want to get into the market now, ahead of the price increases and soaring rental demand which will definitely eventuate as the Olympics draws closer.”
The century-old, five-bedroom home sits on a 531 sqm block just 2km from Brisbane’s CBD.
Kangaroo Point has a median house price of just over $1 million.
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