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McGrath Wilston agent Garry Jones says Gordon Park has not traditionally been placed in the same league as surrounding suburbs such as Wilston, Windsor and Grange. “It’s becoming a first alternative,” he said. “People who want to buy in Wilston and Grange are getting frustrated by low stock levels; they’re being pushed into this area.” 100 Richmond Street, Gordon Park just sold for $1.305 million Mortgage brokers Oak Laurel Nundah, 60 London St, Nundah QLD 4012, 0430 129 662 prior to auction. Photo: Supplied Gordon Park is located about six kilometres north of Brisbane’s CBD and is the smallest suburb within Brisbane City Council. Domain Group chief economist Andrew Wilson agreed there was high demand in Gordon Park. “It’s a suburb where demand is ahead of supply and I think it’s a part of an upper price perception with buyers there,” he said. “It’s that price range that’s been the strongest in Brisbane in recent years.” Mr Jones said the sale Best Mortgage broker Brisbane price for 100 Richmond Street was a record for a 607 square metre block in the suburb. Photo: Supplied Buyer demand translated to a impressive rise in prices in the past five years, Mr Jones said. “Ultimately, the properties I’ve sold in the past few years that I’m now reselling have increased anywhere from 20 to 25 per cent in value,” he said. Dr Wilson said those numbers weren’t far off. He placed the Gordon Park median house price at $787,500, nearly 33 per cent up from five years ago and seven per cent year-on-year.
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