Critics have erupted over this $1.6m sale in Eagleby.
Online critics have erupted over a $1.6m sale in Eagleby, with questions on how a suburb once known for its poor reputation could command such prices.
The 2,000 sqm property, in Logan City, south of Brisbane, was on the market less than a month before it sold for a suburb record through agent Ryan Murphy of Harcourts Property Centre – Beenleigh.
The post on Ryan Murphy’s business page on Facebook was met with outrage.
When Mr Murphy posted the sale to his business Facebook, he was met with outrage.
“Who in their right mind would pay that to live in Eagleby,” one user commented.
“Eagleby? How is a place in Eagleby worth more than $250K,” said another user.
“It has to be investors, they don’t know Eagleby,” another user posted.
Online critics came out swinging on Facebook.
But Mr Murphy defended the sale of the property, which included a three-year-old Metricon built four-bedroom house, in-ground pool and large shed.
“People are just outraged at the dollar figure at the end of the day,” Mr Murphy said.
“It happens whenever we get a good price in an area that historically has had a bad rep.
“The internet is always going to do its thing.
“Suburbs change, things gentrify and clearly the buyer found value in it for them and their family.
“I personally think it is a good sale — it’s hard to find a big block and something that is new with a pool and 21m shed.”
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The kitchen in 288 Logan St, Eagleby.
Publicly available records show the seller paid $340,000 for the block in 2020 before building the house, pool and shed.
Mr Murphy said the property last month sold to a family who inspected the house twice.
“We only had two open homes and it was for the same person who ended up the buyer,” he said.
“It was legitimately the right buyer, the right place and the right time.”
Mr Murphy sold the neighbouring 2078sq m property with a rundown brick house for $1.25m in March.
“The neighbouring property had a pretty dilapidated house,” he said.
“That helped get the price up and this property seemed so much better.”
The property at 288 Logan St, Eagleby comes with a shed.
PropTrack data reveals the median four-bedroom house price for Eagleby is $870,000, up 17.5 per cent.
The suburb has experienced huge growth over the past five years, with house values up from $340,000 in 2020.
Eagleby has previously been perceived negatively with critics describing it as having a lower-socio economic reputation.
288 Logan St, Eagleby sold for a suburb record of $1.6m.
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