Owners paid thousands, sold for millions in Brisbane’s east

first_img114 Virginia Ave, Hawthorne, QLD. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:17Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:17 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhat does a million dollars buy in Aussie capital cities?01:17A RETIRED couple have walked away with a record price in Brisbane’s east after selling the family home site to make way for 32 new houses.The massive 1.97Ha site of their family home sits in the middle of Wakerley, about 16km to the east of the Brisbane CBD — a popular area with families that’s been targeted for major subdivision work. Property records released last week show a $7.5m deal was struck off market in late March, while just two years ago, the site was valued around $1.1m. It’s believed the property was bought for $145,000 in 1987. FORMER ORIGIN STAR STILL KICKING GOALS IN 2018 RAFTER COUNTRY: HOW PROPERTY FULFILLED A CHAMPION FAMILY GET THE COURIER-MAIL’S REAL ESTATE NEWS FREE & DIRECT TO INBOX Preparation for the development approval began last year, with the couple then selling to a firm that then filed a development application to split the site into 27 housing lots in the first stage and five lots in the second stage. 114 Virginia Ave, Hawthorne, QLD.The previous highest price fetched in Brisbane’s east was at 114 Virginia Avenue, Hawthorne — an ultra-modern six bedroom, five bathroom, six car space home that sold for $7.48m in six years ago.Built in 2008, the Viriginia Avenue home has solid concrete walls and floors over all levels, with full walls of glass fronting the river. FOLLOW SOPHIE FOSTER ON FACEBOOK center_img The new subdivision is expected to connect other streets in the area surrounding it. Picture: CoreLogicThe large “rural” home site was surrounded by residential subdivisions on three sides and fronts Manly Road — one of the main feeder streets to the area. The new plans mean it will join seamless into the other subdivisions in the area. MARGOT ROBBIE’S SECRET WEDDING ESTATE FOR SALE More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours ago NRL TITANS OWNERS MADE MILLIONS SELLING NSW PROPERTY The company that bought the site received development approval from the Brisbane City Council in May and waived the appeal period.last_img

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