A unit in this complex at 117 Flockton St, Everton Park, has had its price slashed.
LISTEN up first home buyers and investors.
A modern, three-bedroom, two-bathroom unit in Brisbane’s north has had its price slashed by the $20,000.
That’s more than the current first homeowner’s grant and enough to buy a new car.
The kitchen in the unit at 613/117 Flockton St, Everton Park.
The property in Everton Park, just 8km from the CBD, was last listed for $519,000, but is now on the market for the discounted price of $499,000.
SQM Research has named the home at 613/117 Flockton Street its “distressed property of the week” because of the price discount.
According to the property analysis firm, it “could be a good time to haggle with the owner given increasing talk of the property slowdown”.
The balcony on the unit at 613/117 Flockton St, Everton Park.
The unit would suit an owner occupier or investor.
According to SQM Research, asking rents for units are up 3.9 per cent over the year to October 12, but are down 0.7 per cent over the past three years.
The expected rental for the property is $450 a week.
One of the bathrooms in the unit at 613/117 Flockton St, Everton Park.
There’s a good chance of securing a tenant quickly as the vacancy rate for the postcode is just 2 per cent — below Brisbane’s overall vacancy rate of 2.9 per cent.
Asking sale prices for units have fallen 0.6 per cent in the past month and are down by 3.5 per cent over the year, with a lot of new supply coming onto the market, so there could be room to negotiate further.
The unit is on the top floor at the rear of the complex, which comes with a resort-style swimming pool.
The pool in the complex at 117 Flockton St, Everton Park.
The master bedroom has an ensuite and a balcony and the main bathroom features a spa bath.
Everton Park is close to shopping centres, parks and walking and cycling tracks.
The suburb has a median unit price of $397,750, according to CoreLogic.