Sarah Webb is a freelance journalist.
Now that their daughter has graduated as an architect, the Kenmore family decided to sell up and build yet another home – but this time together as a family.
The shabby shell drew chuckles when it popped up on the auction screen on Saturday.
“After the auction he told me it was the worst house on the best street,” the real estate agent admitted.
The winner paid just $5000 over the price cap for the Australian Government 5 per cent deposit scheme for the three-bedroom home.
In a 43-bid duel, two families fought at auction for the 100-year-old house on a street where you’re lucky to see two homes sell in a decade.
It’s a gut punch to first home buyer hopefuls after property prices soared over the past five years. Is there any relief?
Among the Brisbane residences selling at auction was a five-bedroom, four-bathroom house that reset the street record in the northern suburb.
When the price hit $1 million, the crowd laughed. Minutes later, the hammer fell and the laughter turned to cheers.
A Brisbane man spent four years hoping to get his hands on the rare home, steeped in Brisbane history.
The gains are like a lottery win for some owners, but more like a slammed door for prospective buyers trying to keep up.