THE proximity to University of Queensland (UQ) continues to drive million dollar sales in St Lucia.
The two-level house at 24 Mervyn Grove recently sold for $1.335 million.
The sale was slightly higher than the suburb median sale price, which according to CoreLogic data is $1,203,500.
This makes it the eighth most expensive suburb in Brisbane City Council, yet its convenience remains alluring to buyers.
Caroline Munro Property director Caroline Munro said the property was purchased by a UQ academic.
“The location is very close to the university and is in a nice, prestigious street,” Ms Munro said.
The agent said about 100 groups inspected the house, which had four bedrooms and two bathrooms, and four written offers had been submitted during the campaign.
She said she believed the proximity to the university would always remain a drawcard for the suburb.
“St Lucia is a suburb where the buyer demographic is professional families that value education and good amenities or are attached to UQ… and there is always a steady number of buyers.”