Mackay couple hand over keys to next generation
AS ONE door closes, another door opens.
That's certainly the case for Mackay couple Roy and Shirley Magnussen who have just sold their rental property of 26 years, to give a young local couple the chance to own a home.
Roy, 93 and Shirley, 82, have handed over the keys to the Green St, north Mackay home to enjoy a more worry-free lifestyle.
Roy and Shirley, originally purchased the home for $118,000 for their daughter to live in before eventually putting it in the rental pool.
After listing the property for sale last month, Roy said he couldn't believe how quickly it sold.
"We decided to sell the rental because the cost was going up and the rent had come down. There were two buyers that came to our open house and they both made offers, they didn't know each other but quoted the exact same offer which was more than we were expecting," he said.
"We sold to the first couple that made an offer and that was a young couple. They are very happy. The real estate was great to deal with and the house was sold in just over two weeks, I was a bit surprised."
With the property now out of their hands, Roy said he and Shirley were feeling worry free and would put some of the $217, 500 from the sale towards a holiday.
"Now that we have sold it, we are feeling free and a bit less stressed. We don't have to worry about looking after it any more. My wife is very happy as well so we might go for a holiday," he said.
"I think we will go down to Grasstree Beach and to Cape Hillsborough which is just lovely."
Pin Point Property sales manager Danielle Law, who facilitated the sale, said the exchange was a classic example of what's happening in the Mackay property market at the moment.
"It was such a lovely situation because that home had served them well and the couple that bought it are great first home buyers," Mrs Law said.
"They have great plans for the house to make it their own. It's a 1960s high-set and it suits them to live in at the moment but in time they can make some updates.
"At the moment, homes that have had quite long ownership are being released and the next generation are picking them up."
Mrs Law said the sale was one in a very successful month for Pinpoint Property as the Mackay market continues to strengthen.
"Through 2017 the market has been stabilising. There are more buyers, not just shopping around, but actually wanting to make decisions when the right home presents," she said.
"That was reflected in September for us. We are dealing with first home buyers, people that are upgrading, relocation buyers are certainly starting to reappear in Mackay which is great and even a small percentage of investors.
"Buyers are looking for value, homes that have been looked after, well maintained and may have had some renovations -- good bones to the home is certainly what is in demand.
"We can certainly see the days on market is reducing and overall supply is reducing, at the moment for 2017 my average is 39 days on the market and September was quite quick with an average of 11 days on the market.
"I had 100% clearance in September which means all the homes that I put to market in September all sold in September."