Evidence the Brisbane property market is on fire

Just look below at how many people turned up to a mid week Public Trustee Auction at 45 Gleneagle Street, Kenmore on Tuesday 2/2/2021.

After viewing the condition of the property you would be forgiven for thinking it would sell somewhere close to the land value of $450k, maybe $500k tops. With multiple bidders fighting it out, the lucky / ambitious buyer secured the property for $641,000.

I’m looking forward to see what they end up building there.