Crestmead

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A Crestmead, Queensland mortgagee home has been sold for $285,000, a $45,000 loss.
The three bedroom, two bathroom house last sold for $330,000 in 2009.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-crestmead-132420382" target="_blank">135 Waratah Drive</a>, Griffiths and Gunn of Your Address Real Estate marketed the home.
Set on 600 sqm, the home was built in 1980.
Following an unsuccessful December 2019 auction, the holding was listed for $290,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median sale price for a home in <a href="https://www.urban.com.au/property-observer" target="_blank">Crestmead</a> is $325,000, according to the latest CoreLogic data.
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Creastmead, Queensland mortgagee home sold for $45,000 loss

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A Crestmead three bedroom house on a 624sqm allotment has been sold for $240,000 by mortgagees.
It was sold by Lauren Molijn and William Teys from LJ Hooker Browns Plains.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-crestmead-128884778" target="_blank">6 Limosa Court</a>, Crestmead,  a suburb of the City of Logan, the house completes with a 6 x 6 shed.
It is close to schools and shops and was last sold for $200,000 in 2006.
The suburb's median house price sits at <a href="https://www.urban.com.au/news/4524-crestmead-qld" target="_blank">$340,000</a>, according to CoreLogic. 
 
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Three bedroom Crestmead house sold by mortgagees

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Brisbane Bronco Alex Glenn has found a buyer for his Crestmead investment in Logan.
The New Zealand Test star secured the $435,000 sale of <a href="https://www.realestate.com.au/property-house-qld-crestmead-122281622" target="_blank">the four bedroom, two bathroom home</a>.
Set on a large 1241 sqm land parcel, the home has a large family/billiard room with a combustion wood stove and a spacious undercover entertainment area outside.
Glenn made a small loss on the property, having spent $440,000 on the home in 2010.
The 27 year old had rented it out however during his six years of ownership, with a last listed price of $495 a week, showing a rental yield of 5.85 percent.
Initially listed with $469,000 hopes through Professionals Logan Lifestyles selling agent Jenny Rajic, the home spent spent 47 days on market.
The average days on market in Crestmead is 46 days, according to <a href="https://www.urban.com.au/property-observer" target="_blank">CoreLogic</a>.
Glenn and his young family are based in Wavell Heights in Brisbane and have owned a $575,000 investment property in Burleigh Waters since 2014.
That one is tenanted at $695 a week, showing another strong yield of 6.29 percent.
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