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Exclusive riverfront: 37 Macquarie Street, Teneriffe. Which is why Mr Lancashire believes Brisbane’s inner city suburbs still have a lot of value left in them. “This is the closest comparable to the eastern suburbs in Sydney or Melbourne and realistically if Mortgage brokers Oak Laurel Carseldine, Carseldine QLD 4034, 0430 129 662 anyone is shifting from down south, they want the inner city cosmopolitan vibe that is only two kilometres to the GPO and full of great restaurants, bars and cafes,” he says. “What you can get in Brisbane compared to what you pay in Sydney is incredible.” 77 Macquarie Street, Teneriffe, will go to auction this Saturday, September 2. Photo: Ray White New Farm Houses, rather than apartments, are few and far between in Teneriffe, which means that when they do come on the market, they’re fiercely fought over. “There’s such a finite amount of houses in Teneriffe; there’s the Catalina houses, then the houses on top of Teneriffe Hill. That’s it. That’s why the median keeps moving up so fast, because we’re dealing with a small amount of property…supply there is incredibly limited,” Mr Lancashire says. Ray White New Farm has sold more than $30 million in real estate just on Macquarie her explanation Street in the past three years. Regarded as “the” blue chip riverfront investment when it was developed 12 years ago, the Catalina homes are still tightly held — and consequently hotly contested — whenever they go up for sale.
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