REAL ESTATE: This art deco house at 26 Griffith St, New Farm, has sold. Picture: realestate.com.au.
A BUYER with a serious case of FOMO has spent $2 million on a house in a sought-after inner Brisbane suburb after just half an hour of laying eyes on it.
Nabbing a home in New Farm is now so difficult, it took just six days and a super quick inspection for this art deco gem at 26 Griffith Street. to be snapped up.
The buyer had been looking at another property in Paddington when she stumbled across the online listing of the character home.
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Selling agent Ivo Kornel of Belle Property said he got a call from her asking to view the New Farm house that night.
After inspecting it for just half an hour, Mr Kornel said the buyer signed the contract on the spot.
He would not disclose the exact sale price, but said it was around $2 million.
Mr Kornel said he sold more properties north of $3 million in the New Farm/Teneriffe area last year than ever before.
“I think entry level now would have to be $1.4 to $1.5 million in a half decent spot in New Farm,” he said.
“There is just no stock around.”
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The four-bedroom, three-bathroom house was built in 1925 and sits on a 587 sqm block in one of New Farm’s prestigious river streets.
Named ‘Alexandria’, the home is full of historical features including leadlight windows, wood panelling, polished timber floors and decorative light fittings.
The median house price in New Farm is $1.6 million, according to property analysis firm CoreLogic.
It comes as new research reveals more than half of homeowners spend less than an hour inspecting a house before they buy it.
A survey of 1000 property owners by ME Bank found 58 per cent spent less than 60 minutes checking out the house they then went on to buy.