Million-dollar market thrives in Eight Mile Plains

first_img70 Gosford St, Mount Gravatt. Picture: realestate.com.auIT took just five days for this ultra-modern, five-bedroom house in Mount Gravatt to be snapped up by a keen buyer.The property at 70 Gosford St sold for $750,000 to a buyer from New Zealand, who had only lived in Brisbane for a year.Raby Bay Property’s Aaron Ngoi said it was rare for new houses of its calibre to become available in Mount Gravatt.“There was a lot of interest, around five offers,” he said.“This one’s quite special in that it’s a new house – only three years’ old – and well built.“It’s very different to many of the houses in Mount Gravatt, which are a bit older.”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 2020Down the road in Eight Mile Plains, a unique, four-bedroom home on a huge 959sq m block recently sold after auction for $910,000.The auction of 38 Arkrose St attracted five registered bidders but failed to sell at auction. It sold later that same day to a local Chinese family who plan to demolish the house and subdivide the block.LJ Hooker’s Emily Xiong said the size of the block attracted a lot of interest but the buyer didn’t like the style of the home, so plan to build a new one.She said the suburb was popular with local Chinese families interested in property around the $1 million mark. Eight Mile Plains is a high-demand market with 138 houses selling in the suburb last year.The suburb’s median house price is $764,000, according to data from property researcher CoreLogic.last_img read more