A young family have eventually decided to sell an investment home in a suburb where there is a dearth of properties for sale. Picture: Steve Pohlner
A decade ago Emmalea and Tony Duricin became accidental landlords after they ended up renting out the first property they bought in Holland Park because the housing market had plateaued.
Now they are ready to shed their landlord title after the tenants broke their lease and sell in a suburb where there has been is a 26 per cent decline in market listings, according to the latest Suburb Trends data.
Emmalea and Tony Duricin with son Harvey 3 years, are selling their first home and investment property in Holland Park where 26 per cent fewer houses are for sale, Holland Park, Wednesday 16th February 2022 – Photo Steve Pohlner
The polished home, with three bedrooms, one bathroom and one car space at 43 Cape St, Holland Park was an entry-level home when the couple bought it a decade ago.
“That was our first house which was the same year we got married but we wanted a place that was a little bigger so we bought another house in Holland Park,” Ms Duricin said.
“We wanted to sell it back then, but the market wasn’t great and we rented it out. Now, with the tenant having moved out and we have a young son, seems to be the right to sell the property.”
The couple is selling their house at 43 Cape St, Holland Park on February 26. Picture: Torres Property
Since being listed to sell at auction on February 27, there have still been a solid number of first home buyers inquiring about the property, said real estate agent Will Torres from Torres Property Coorparoo.
Situated on a 546sq m lot with potential for renovation, extension or even a rebuild, the house has attracted several buyer groups, he said.
“This one has had a lot of interest because there is high demand for the area and a lack of stock,” Mr Torres said.
“We have had a mixture of first buyers, investors and owner-occupiers all inquiring about the house.”
HOUSE SALE LISTING SHORTAGES YEAR-ON-YEAR (SEQ)*
Rank: SA3 2022 – 2021 – 2020
Listings MOS Change (%) – Listings MOS – Listings MOS
1 Brisbane Inner – East 97 1.36 -46 181 3.13 204 3.09
2 Nathan 72 1.37 -45 130 2.79 135 2.73
3 Strathpine 85 1.65 -40 142 2.92 167 3.34
4 Bald Hills – Everton Park 116 2.23 -39 191 3.58 255 4.74
5 Springwood – Kingston 205 1.91 -38 333 4.02 388 4.72
6 Brisbane Inner – North 150 1.71 -38 243 2.91 245 2.94
7 Sandgate 125 1.58 -32 183 2.46 275 3.29
8 North Lakes 224 1.70 -30 319 2.78 438 3.78
9 Caloundra 267 2.15 -28 373 2.84 625 4.82
10 Holland Park – Yeronga 112 1.54 -26 152 2.13 189 2.53
SA3 – ABS Statistical area
MOS – Months of Stock
*Data collated by Suburb Trends
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