Kevin Rudd and Therese Rein Norman Park home under contract
After around 10 weeks on the market, the former Prime Minister Kevin Rudd's long-time Brisbane home is now under contract.
Kevin Rudd and Therese Rein, who now spend much of their time offshore, put it on the market in mid-November with $1.25 million hopes before the asking price was dropped to $1.19 million.
They will retain a Sunshine Coast property.
The local News Ltd paper reported the Norman Park home is now under contract through Tim Atlass Real Estate.
The two storey home on the 802 square metre block has north-east facing wraparound verandahs surrounded by tropical gardens.
The couple bought it for $384,000 in 1994.
It has a distinctive kangaroo and emu emblem on the verandah lattice.
Norman Park has a $780,000 median house price according to CoreLogic RP Data. It is a peak for the suburb.