Secret suburb’s million-dollar payday

first_img45 Emma Street, Kalinga was another successful sale for the suburb.“It was put on the market before it was finished,” Mr Lucas said.Fast forward 24 years, and the home is now a far cry from what it once was.And the hard work paid off when the property achieved $1.001 million at its September 9 auction.Mr Lucas said there had been plenty of changes, such as a conversion of the built-in garage to an office, the addition of a double carport and construction of a deck at the rear.The home had four-bedroom, two-bathroom accommodation with beautiful finishes.Features included marble benchtops, Miele appliances, ducted air conditioning and an alarm system.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour agoIt took a lot of work to get the home to where it is todayMr Lucas said the home had plenty of spaces to enjoy, particularly outdoors.“Out by the pool is very, very relaxing and the whole backyard’s very quiet,” he said.“The patio, when you’re sitting out there entertaining with friends having a wine or beer and a steak or some seafood on the barbecue, is just so relaxing,” he said. The pool and surrounds were a major selling point for the homeMr Lucas said another surprise had been the serenity.“You’d hardly think you’ve got neighbours,” he said. Mr Lucas discovered Kalinga through extended family.“It is a little treasure of an area. You’ve got Kalinga Park and it’s close to everything — bus stop out the front, train at Eagle Junction, 10 minutes from the Gateway and 10 to 15 minutes from the airport,” he said. “When I move out, it’s going to be a bit of a sad day, but I think it’s time to downsize.” Peter Lucas was pleased to see his home break the $1 million-mark at its weekend auction. Photo AAP image/John GassASK Brisbane residents to quickly point to Kalinga on the map and most will either shake their head in wonder or draw your eye to a similarly named suburb in the city’s far north.But smart money from all over Brisbane is finding it’s way to the area.Peter Lucas purchased 45 Emma St, Kalinga in 1993 for $223,000, knowing there was work to be done.center_img The property included top-notch features and fittingsRay White agent, Janelle McKenna, said it was a marvellous auction result, although the last few bids were like pulling teeth.“There was bidding up $970,000, then we got that bidder up to $975,000 and declared it, ‘on the market.’ There was another five bids after that and it sold at $1.001 million” she said.“They bought it brick-by-brick,” Ms McKenna laughed.Follow Kieran Clair on Twitter at @kieranclair or Facebook on Kieran Clair — journolast_img read more