7 Coolabah Dve, Redbank Plains, was Qld’s most viewed property this week, and 4th in the nation
It has “danger, danger, danger, do not enter’ sprayed across its facade but with FOMO fuelling Brisbane’s property market, it is no real surprise that a fire damaged house was the most viewed listing this week.
With the city’s median house price reaching new record levels last month, and buyers paying jawdropping prices for hoarder houses and unliveable hovels, the house at 7 Coolabah Drive in Redbank Plains was Queensland’s most viewed listing over the past seven days, and the fourth most clicked on property in the country.
Brisbane’s median house price has hit $1.203 million, up 14.6 per cent in 12 months.
It is now the second most expensive house market in Australia after Sydney.
It will likely need to be bulldozed
It is listed with House Propery Agents Troy Boettcher and Tina Giles for offers over $550,000.
“The existing dwelling has sustained substantial fire and smoke damage and will require major structural rectification work or demolition, allowing you to start fresh and take full advantage of the generous allotment and great location,” the listing says.
“This site offers huge potential in Ipswich’s fast-growing corridor.”
On a 450sq m block, it is “not habitable” but had four bedrooms and two bathrooms.
“Some fixtures and fittings may be salvageable,” the listing says.
“Options include knocking the existing structure down and rebuilding on the existing slab or carrying out extensive repairs on the existing structure.”
Mr Boettcher said that while he was surprised that the house was the most viewed residential listing this week, he had seen “lots of interest”.
“Lots of calls and emails,” he said.
“Those are coming from builders, first home buyers and investors.”
He said that the price point was attractive, given the soaring house values across Brisbane, despite the fact that the house would likely need to be completely knocked down.
“There is damage all teh way through the house,” he said, adding that he had only seen photographs inside the property.
The fire occurred in late 2024, he said.
“Th eowner is interstate and teh insurance claim has now closed,” Mr Boettcher said.
“They were not sure what to do with it but with being interstate, and facing a potential rebuild, they decided to just put it on the market.”
The median house price in Redbank Plains is now $770,000, up from $320,000 a decade ago.
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