Beenleigh secures weekend's cheapest sale
Jonathan ChancellorJune 13, 2016
The cheapest price at any auction across the long weekend was $213,000 at Brisbane's fringe locality, Beenleigh.
The two bedroom Hawthorne Street unit last sold at $300,000 in 2009, at the height of the first home buyers' frenzy in the Logan municipality.
The complex's most recent sale was another unit that sold at less than last time too. It sold to the latest fad buying type, a superannuation fund which paid $172,000 which had fetched $263,000 in 2009.
The latest offering was advised as a $280 a week rental. It sold to a local investor who was one of three registered bidders.
Keen interest came from an ACT investor.
The adjoining apartment has been listed for sale through the Harcourt's selling agent Susan Foley.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
