6 Oct

Limited stock in the inner north has buyers forgoing perfection

first_img29 Thorne Street, WindsorA SHORTAGE of homes on the market in the inner northern suburbs is forcing buyers to snap up any property that becomes available, a real estate expert says.LJ Hooker New Farm principal Brett Greensill said buyers were not prepared to wait for the perfect home to hit the market because they risked missing out.Instead, he said they would take what they could get and cater it to fit their needs.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“It’s because of the (circumstances) right now – there’s hardly anything on the market,” Mr Greensill said.“Stock is very scarce.”He said a quick search revealed there were limited properties available in Windsor, Herston, New Farm, Kelvin Grove and New Market at the moment.Last week, Mr Greensill sold a 550sq m property at 29 Thorne St, Windsor, to a buyer who wanted to knock the home down and rebuild on the land.He said the $810,000 it sold for was a record price for “a total knock down”.“It’s land value,” Mr Greensill said. The median sale price for a home at Windsor was $857,500 to the year ended October 2017, according to the latest CoreLogic data.last_img read more