'Edwyn' 72 Duke St achieves a pinnacle sale price for Toowong

With over 100 groups through this gorgeously renovated contemporary Queenslander (including many "Zooming in" from overseas and interstate) Its fair to say the eyes of the world are on south east Queensland at the moment. The inner west being high on the wish list.

This contemporary Queenslander achieved an extraordinary sale six days prior to auction last week. The only sales in the suburb to outperform 72 Duke St over the last 6 months being three properties each over 1,300 SQM. It is a testament to the design and quality build of this home, the team at Striker Projects mastering a fine balance between functionality and luxury. Additionally, lack of stock on the market, demand from interstate and low interest rates are also contributing to rising values Brisbane wide with many properties being sold site-unseen. 

The team at SQM Research have stated this week that the Brisbane houses market has increased by 1.3% in the last month alone, 2.1% in the lat 3 months and 4.2% in the last 12 months and, of particular interest,  Brisbane's inner west has shot up by nearly 6% in the last 12 months.

A telling tale for restored consumer confidence is the surging rate of new home loans, in September they reached a 3.5 year high and are mostly being driven by the owner occupier sector.

THE WRAP SHEET FOR 72 DUKE ST 

SQM: 774

Beds: 5

Baths: 3

Cars: 2

Days On Market: 27

If you have a home in Brisbane’s inner west and have been considering selling I would love to hear from you! no matter what sale bracket you feel you’re in. I have serious buyers ranging from $1.2M - $3M who are looking to pounce now.

Written by: Alana Kelly
Date: 11 Nov 2020