housing market

Sign that housing market is overheated

PHOTO: Tayla Jones and Jack Davies are wiser for the experience after making 12 unsuccessful expressions of interest in the past 12 months to buy a house. Picture: David Clark Source: News Corp Australia

Queensland’s property market is so tough to crack that one couple that’s attended more than 200 properties has not been able to secure a home.

Determined first-home buyers Jack Davies and Tayla Jones are the unseen casualties of Queensland’s overheated housing market.

They have attended more than 200 open homes, lodged a dozen expressions of interest and have been the under bidders at auction in the past year.

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The dedicated couple even came close to purchasing a block of land in Everton Hills which is now seen as the opportunity that got away – but they’re not giving up.

“We looked at a block six months ago and offered $350,000 and it sold for $360,000 and it was back on the market recently for $430,00,” Mr Davies said.

“I’d we had gotten it for $360,000 back then we would be better off.”

READ MORE VIA NEWS.COM.AU

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