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SOLD: 809/289 Grey St, South Brisbane sold for $825,000.Source:Supplied THREE South Brisbane apartments were among the top sales this week, ranging in price from $780,000 to $825,000, all well above the apartment median of $572,000. Place Kangaroo Point agent Michael Hatzifotis said apartment 809 , in Mortgage brokers Brisbane South check my blog the Southpoint complex on Grey St, which sold for $825,000, sold by private treaty after 58 days on the market. The kitchen at the Southpoint apartment.Source:Supplied Mr Hatzifotis said 43 groups of people inspected the property, which resulted in multiple offers. “Within the first two weeks we had the first two offers, which were close to what the owners wanted, but it was so early on we knew we could get a little more,” he said. “As the campaign went on, we were able to achieve that high sale price, so they did make a profit from that original sale price when they bought it a few years ago.” He said the local buyers, who will live in the apartment, were impressed by the view and the quality of the fit out. “They were actually lived in South Brisbane about 10 years ago and left the area and regretted it ever since and they wanted to come back,” he said. Mr Hatzifotis said there was a lot of confidence surrounding the current South Brisbane apartment market. “People are downsizing, coming into units a lot,” he said. “We’re getting a lot more owner occupiers, so probably about 80 per cent of the current buyers are locals, so owner occupiers as well. “I think it’s the lifestyle that people are chasing at the moment, so being close to the city, South Bank, restaurants, coffee shops things like Mortgage broker Oak Laurel West End that, is a really big draw card, and people are chasing city views.” A search of realestate.com.au on May 15, revealed 193 apartments for sale in South Brisbane, ranging in price from $219,000 to more than $3 million. Michelle Hele discusses the Queensland real estate market.
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