Railway station lures buyers to Mango Hill

first_imgThe home at 42 Maryvale Rd, Mango Hill, sold for $583,000.A family home in Mango Hill has sold for well above the suburb median as the local market remains buoyant. The four-bedroom home at 42 Maryvale Rd sold for $583,000, which was more than $72,000 above the median house price for Mango Hill.Ray White Mango Hill marketing agent, Darren Suhle said the home on a 763sq m corner block attracted a lot of interest. “It was your typical family home so it was more the mum and dad with kids looking at this property than investors,” he said. Mr Suhle said part of the attraction was how close the property was to the Mango Hill train station. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019“Everyone is going crazy for homes close to the railway station,” he said. The Ray White agent said the Mango Hill market had been quite buoyant and he had seen an increase in activity. According to CoreLogic, the median house price in the suburb increased by 3.1 per cent in the three months to the end of January and 11.2 per cent in the past year to sit at $510,450. “At the moment we can’t get enough listings to supply demand,” Mr Suhle said. “The buyers tend to be more local people moving around rather than interstaters or investors. “A lot of people who are coming out from closer to Brisbane never would have come out to the area before the railway station was built. “They are seeing good value for their money out here and they can still commute to the city.”last_img read more