Hawthorne Queenslander tops Brisbane sales
Brisbane's most expensive property at weekend residential auction was in a sprawling Queenslander in Hawthorne, in Brisbane’s inner east.
The substantial 1930s-built six-bedroom house at 24 Forbes Street sold through McGrath Bulimba for $1.3 million, according to APM.
The 1930s house last sold for $1.14 million in 2008 and prior to that in 2001 for $520,000.
The vendors sought $1.35 million on its 2011 listing.
It was rencetly available for rent at $950 a week reflecting a yield of 3.8%. The asking rental was $1000 in 2012 and $1250 in early 2013.
The median weekly rental in Hawthorn is $628.
According to RP Data, the median house price in Hawthorne is $1.05 million and growth in value was pegged at 27% in 2013.
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