Suburb prices soar: Brisbane family fetch double what they paid four years ago
A Brisbane family have cashed in on Queensland’s crazy property price boom, doubling their investment in just four years.
Property
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A Brisbane family have cashed in on Queensland's crazy property price boom, fetching more than double what they paid for their suburban home four years ago.
Andrew and Amy Coady never anticipated they would sell their Kedron character home for $1.72 million when they first bought in 2017.
A phone buyer from Toowoomba nabbed the double-storey house at auction, and Ms Coady believes they paid what it was worth, given the booming property market.
“We’re happy but we’ve still got to buy back into this market and we have an understanding of what that means,” Ms Coady said.
“It’s competitive.”
The property, which features a pool, is located 8.5km from the city centre.
Ms Coady said soaring house prices swayed them to sell the home they originally bought for $835,000.
A lot of work has gone into the five-bedroom house since, including a new kitchen.
“We bought and renovated intending to stay here long term but other opportunities have presented so that’s what we’ve taken,” Ms Coady said.
She said the family was staying in Kedron and exploring their options.
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