Beenleigh, again, the cheapest weekend property auction opportunity

Beenleigh, again, the cheapest weekend property auction opportunity
Beenleigh, again, the cheapest weekend property auction opportunity

Beenleigh, the fringe Brisbane to Gold Coast locality, was again the location of the nation's cheapest sale.

Some $231,000 was paid for a two bedroom 90 sqm Hawthorne Street unit last sold at $295,000 in 2009, at the height of the first home buyers' frenzy in the Logan district.

There were two registered bidders, both investors, who were excepting $285 a week tenants attracted by new carpets.

The Kalua complex's most recent sale was the adjoining 90 sqm apartment that sold earlier this month also through the Harcourt's selling agent Susan Foley at $213,000 having previously selling at $300,000 in 2009.

The earlier offering was advised as a $280 a week rental which sold to a local investor who was one of three registered bidders.

The cheapest price at any auction across the long weekend ending June 14 was $213,000 at Beenleigh.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Apartment Market Residential Slaes

Comments

Be the first one to comment on this article
What would you like to say about this project?