Burpengary home has sold for $335k above suburb median after 12 months

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THIS home at Burpengary has sold after nearly 12 months on the market.

The 34 Chestnut Drive residence sold for $790,000.

LJ Hooker Morayfield and Caboolture area manager Jye O’Brien said the home sold at a much higher price than other properties in the area, which was why it had spent some time on the market.

According to CoreLogic data the suburb median for Burpengary is $455,000.

He said the new owners, a couple, liked the size of the home and the lack of maintenance.

Mr O’Brien said although this sale took some time, the market at Burpengary was performing well.

“The market is amazing,” Mr O’Brien said.

“We’re breaking record prices but there aren’t enough properties for the number of buyers.”

The agent said there was a diverse range of buyers but had recently experienced an influx of first-home buyers.

“It’s unusual because previously first-home owners wouldn’t be looking around the $400,000 to $500,000 price range,” he said.

“However, people are now moving further north and getting more value for their money.”

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