What unit oversupply? Buyer interest strong in Teneriffe

first_img156/53 Vernon Terrace Teneriffe Qld 4005. Picture: Realestate.com.auBRISBANE’S unit oversupply doesn’t seem to extend to its most expensive suburb – Teneriffe- where a loft went under contract before the “new” sign could be taken off the listing. 156/53 Vernon Terrace Teneriffe Qld 4005. Picture: Realestate.com.au 156/53 Vernon Terrace Teneriffe Qld 4005. Picture: Realestate.com.auSitting on the river, in a top floor apartment of the historic Woolstore in a suburb considered hipster heaven, the 156/53 Vernon Terrace, Teneriffe apartment was always going to attract attention. 156/53 Vernon Terrace Teneriffe Qld 4005. Picture: Realestate.com.au“I think it was just the fact that people just want something which is very unique. This was a New York loft style apartment,” he said. 156/53 Vernon Terrace Teneriffe Qld 4005. Picture: Realestate.com.au“It was eventually bought by a single guy who has a couple of houses in the southern suburbs. He was looking to get into the inner city and this was the perfect opportunity. He plans to renovate and move in.” 156/53 Vernon Terrace Teneriffe Qld 4005. Picture: Realestate.com.auAmong the features in the Mactaggarts Place complex was a riverfront swimming pool, barbecue and gazebo area with direct access to the river board walk. 156/53 Vernon Terrace Teneriffe Qld 4005. Picture: Realestate.com.auMore from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours agoAgent Simon Petrie of Ray White New Farm said in the end two buyers battled it out offer for offer until it finally went under contract for $515,000 – a building record by about $30,000.He had marketed the 94sq m loft style apartmentt as being in “the last remaining Woolstore building on the riverfront in Brisbane”.last_img read more

Read More →