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Posted: Sat, 15 Dec 2018 11:28:23 GMT

FOR one Brisbane family, there is only one item on the Christmas wishlist — find a buyer for their unique riverfront home.

The magnificent five-bedroom property on a massive double block of land at 9 Ivy St, Indooroopilly has been on the market for 439 days, according to new realestate.com.au data.

And with an array of features, including an infinity edge pool, cinema with built-in cocktail bar, gym and treehouse pavilion, it would make the perfect gift this festive season.

According to CoreLogic, properties throughout Queensland are taking longer to sell than they were a year ago.

In Brisbane, the median days on market is currently recorded at 53 days, which is the longest it has taken since February 2013.

But for some particularly patient property owners, it’s taking even longer.

New research from realestate.com.au shows that more than 250 properties, within 20km of Brisbane’s CBD, have been listed for sale since 2016.

And 14 homes in the same radius have been on the market since 2015.

Realestate.com.au chief economist Nerida Conisbee said that was good news for buyers as it gave them more bargaining power.

“It generally does give a buyer more bargaining power when homes are taking longer to sell,” she said.

“However for homes that have been on the site for very long periods, the vendor is obviously not in a hurry to sell!”

Kim Jaffar, who owns 9 Ivy Street, said selling the home would be the ultimate Christmas present.

“It’s a unique home and it takes time to find the right person,” Mrs Jaffar said.

The three-level house, which is being marketed by Matt Lancashire and Christine Rudolph of Ray White - New Farm, took three years to build, according to Mrs Jaffar.

“It was an engineering feat because it has a massive, six-car garage and retaining wall,” she said.

“We bought the property when our eldest daughter was in Year 1 and didn’t move in until she was in Year 7.”

The Jaffars are looking to downsize as they have outgrown the home.

“It’s a big house for a small family,” Mrs Jaffar said.

She said the property’s flood-free, riverfront location in Indooroopilly was what attracted them to it, but not everyone may agree.

“It’s a little bit further out, but that’s what attracted us,” she said.

“It’s still very accessible and is close to all the amenities, such as the university, schools, public transport and Indooroopilly shopping centre.”

The Jaffars are not alone.

Another property waiting for the right buyer is a slightly more low key, four-bedroom house in leafy Graceville, which is on the market for $950,000.

Marcus and Kylie Pagbilao bought the block at 14 Erroll Street in 2013 and built the perfect family home on it.

After five years, they’ve decided to move on to another home before their five-year-old son, Cohen, starts Prep next year, but they’re just waiting for a buyer.

The home has been on the market for around 170 days, according to CoreLogic records.

“We are a little bit surprised things have gone the way that they have,” Mrs Pagbilao said.

“I don’t think you can get much else near-new in Graceville for the kind of value that this is.”

Marketing agent Charles Wiggett of Hauss - Graceville said the house was “an extraordinarily good buy” for a property of that quality in a highly desirable suburb like Graceville.

Mr Wiggett said he had noticed days on market had increased and the credit squeeze had impacted buyers.

“Buyers are a bit more cautious,” Mr Wiggett said.

“They’re fence sitting, thinking they might be able to get a better bargain.

“I’ve had some buyers whose serviceablility has dropped dramatically after they’ve gone back for a (loan) preapproval.

“In some cases, from $800,000 down to $620,000.”

THE BRISBANE HOMES WAITING FOR A BUYER

Address Date of listing Distance from CBD Price guide

1. 4 Haase Plce, Bellbowrie 03/07/2015 17km $690,000

2. 7 Bruce St, Chermside 28/07/2015 9km $1.45m

3. 8 Byres St, Newstead 07/10/2015 3km Contact agent

4. 2/34 Birdwood Rd, Birkdale 30/10/2015 19km Offers over $459,000

5.1-9/9 Hemmo St, Capalaba 06/11/2015 19km $479,000-$530,000

6.40 Main Ave, Wavell Heights 20/12/2015 9km $800,000

7.12 Buckland St, Holland Park West 22/01/2016 7km Expressions of interest

8. 3 Mitchell St, Acacia Ridge 02/02/2016 13km By negotiation

9.28 Raffles St, Mount Gravatt East 16/02/2016 9km Make an offer

10. 23 Killara Ave, Hamilton 11/03/2016 5km Price on application

(Source: realestate.com.au)

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