Can you believe 26 Booyong St Algester (5 bed, 2.5 bath with 490 weekly rentals) was only sold for $445,000 under the hammer http://www.realestate.com.au/property-house-qld-algester-120329285 Algester is an inner south suburb in Brisbane just 16km from CBD and adjacent to very sought after suburbs like Sunnybank Hills and Calamvale. The 4 bed house median price is 495k Over the weekend I received the auction result email from realestate.com.au, i was shocked and could not believe it was only sold for that price and thought it was wrong. But I just called the agent and got confirmed it was sold at that price. She was shocked as well she said the owner was in financial stress so had to sell. I wish i had been there...... That must be the buy of the year, the buyer was so lucky.... Just wondering has anyone here been there and knew exactly what happened?