PHOTO: Michael Dell and Shariah Steele with daughter, Lily, at their newly purchased property in the Glass House Mountains.
WHEN their first child came along, Shariah Steele and Michael Dell knew they would soon have to start looking for a bigger house.
They could not believe their luck when they saw a post on an online marketplace seeking a house in the Sunshine Coast hinterland suburb of Landsborough.
“We ended up reaching out to him and he came out and put an offer in,” Ms Steele said.
“It was exactly what we were looking for.”
When they bought in the electorate of Fisher four years ago, the couple never expected house prices to rise as much as nearly 60 per cent in that time.
“It’s ridiculous,” Ms Steele said.
“There was a lot more to choose from back then and less competition.”
They purchased the Landsborough property for $425,000 in 2019 and have just sold it for nearly double that three years on.
But they have managed to buy back in to the same market, just a suburb away in the Glass House Mountains, where they secured a four-bedroom house for $1 million on nearly 1400 sqm — plenty of room for their 11-month-old daughter, Lily, to grow and enjoy.
Ray White Beerwah agent Alex Garden, who negotiated the sale of the property, said the entry level price for a house in the area had jumped from around $500,000 in 2019 to $800,000 today.
READ MORE VIA REALESTATE.COM.AU
MOST POPULAR IN NEW ZEALAND
- Real Estate GURU warns real estate agents will lose their jobs | WATCH
- Top TEN real estate companies in the world
- Two real estate companies to merge
- Saving for a house deposit? New investment app Sugar Wallet could be the answer
- ‘Unacceptable’: top real estate agents axed
- Real estate agent accused of taking rival’s signs
- Property auction success PLUMMETS at Auckland’s biggest agency
- Abandoned land for sale
- Costco, the world’s second-largest retailer – first New Zealand store
- “Mortgage earthquake” erupts under New Zealand’s housing market