This Brisbane suburb tipped to be a property hot spot in 2018

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoInside the property at 23 Minore St, Chermside.“I’ve done pretty well,” he said.“The year I bought, schools in the area jumped in ranks which drove up prices and then Westfield was upgraded.“I think that helped a lot.” WHEN WILL INTEREST RATES RISE? This house at 23 Minore St, Chermside is now for sale.Ray White marketing agent Graham Carter, who has been selling real estate in Chermside for the past six years, said Mr Cottle was representative of the changing demographic in the suburb.“A lot of units are being built in the area, which attracts a younger population and professionals, and Westfield keeps expanding, which brings job opportunities,” Mr Carter said.“The suburb certainly is rejuvenating and has had a lot of investment.”Mr Carter said most buyers he dealt with were aged in their 20s to 40s. He expects 2018 to be a strong year for the suburb, given he had his biggest month of sales ever in December.“Based on what I’ve seen in December and this month so far; the inquiries I’m getting already shows it’s setting up to be a big year,” he said. Andrew Cottle at his home in Chermside that he spent two years renovating and has just put back on the market. Picture: AAP Image/Josh Woning.ANDREW Cottle knew he was on to a winner when he picked up a bargain in one of Brisbane’s next boom suburbs nearly four years ago.The 29-year-old saw the potential in Chermside back in 2014 when he paid less than $500,000 for a rundown house in need of a lot of love.He moved in straight away and started “ripping it apart”.“It was liveable, but it was old and croaky,” Mr Cottle said.“I was looking for something within 10km of the CBD, with good access to the city and airport, and Westfield shopping centre was another big drawcard.” GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Mr Cottle spent about $100,000 completely renovating the three-bedroom property at 23 Minore Street — reconfiguring the layout, adding a second bathroom and building a big deck.He is looking for offers around $690,000. last_img

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