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Suburb where houses sell cheaper than units

first_img4 Warry Street, Gailes, Qld 4300THERE are not many suburbs in Brisbane where the median price for units outstrips that of houses, but this part of the greater capital city region has prices so good, they’re positively in a timewarp.The suburb of Gailes, about half an hour from the Brisbane CBD, has been producing house sales that are still in the $200,000s – a rare feat that’s now considered impossible closer to the city. More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 20194 Warry Street, Gailes, Qld 4300 There is a long term tenant in place.This home at 4 Warry Street, Gailes, has just been listed as having sold for $231,000, according to data on realestate.com.au – with the price $46,000 more than the owner paid a decade ago.The three bedroom, single bathroom, double car space home is on a 559sq m block. The home was built in 1965.To put it in perspective, the last time Brisbane’s median house price was in the vicinity of the $200,000s was at the turn of century – when it was $249,000. Room to play with.That Brisbane median 17 years ago is what the Gailes median house price is right now, according to property research firm CoreLogic. It currently has the median unit price in the suburb sitting at $330,000 – a figure that’s almost $80,000 more than the median for houses there. A neat functional kitchen.last_img read more