Auction clearance rates confirm popularity in this suburb

first_imgInside 53 Lewis St, Camp Hill.A three-bedroom, two-bathroom art deco house at 53 Lewis St, Camp Hill, recently sold at auction for $835,000.Place agent Denis Najzar noted the suburb was starting to fetch prices of $2 million and above 53 Lewis St, Camp Hill.Camp Hill has cemented its status as one of Brisbane’s most sought-after suburbs, with more homes selling at auction there than anywhere else in the city during the June quarter.According to the latest CoreLogic figures, the suburb recorded the highest auction clearance rate for the quarter of 75.9 per cent, with 22 out of 29 properties selling under the hammer.CoreLogic analyst Cameron Kusher said he wasn’t surprised, given the suburb’s proximity to the CBD and the strong price growth it had experienced.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Camp Hill is just 6km from the CBD and its median house price has grown 9.5 per cent in the 12 months to April to $850,000.“It has a lot of properties that get good city views as well and they’re perhaps more difficult to price than those who don’t,” Mr Kusher said. “It’s indicative of the fact it’s a popular suburb and people want to get in.”last_img