‘The whole package': Family shells out for luxury home with waterslide, cricket pitch and cinema
The seven-bedroom, five-bathroom home at 110 The Parkway fetched $3.3 million under the hammer on Saturday, leaving the vendors ecstatic and the buyers relieved, as tight stock and falling interest rates fuel fierce competition across Brisbane.
Set on a 736-square-metre block in the exclusive The Parks estate, the property came complete with a long list of lifestyle perks, including a saltwater pool, spa, outdoor kitchen and fireplace, plus a full CCTV security system.
Bidding opened at $2 million and quickly leapt in $100,000 and $50,000 increments to $3 million, before settling into a two-horse race. In the end, a family from two suburbs away secured the keys, narrowly outpacing an underbidder who lived just one street over.
Selling agent Peter Florentzos, of LJ Hooker Property Partners, said all three bidders were families with Middle Eastern backgrounds, and the buyer and underbidder knew each other.
'It was one of those big lifestyle homes with big bedrooms and the whole package,' he said.
'The current owner's son was a pretty good cricketer, so they had put a full-on cricket net on the side of the house … The result really exceeded their expectations.'
Florentzos said confidence had returned to the Brisbane market, spurred by low stock levels and the expected interest rate cut on Tuesday.
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