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“They warned us we’d be killed in our beds,” Ms Burns laughs. “They said it was an awful suburb … they were convinced it was a bad decision.” Three decades on, the couple are selling their stunning home perched on the hilltop of Waverley Street — and having the last laugh — the suburb their friends described as “horrible” is now one of Brisbane’s most sought-after and affluent addresses. 30 Waverley Street, Teneriffe, will go to auction on May 21. Photo: Ray White New Farm According Domain’s suburb profile of Teneriffe, the median price for a three-bedroom house is $1,153,000; step up to a four-bedroom house and you’re looking at a median of $2,775,000. It’s a rags-to-riches story on a scale Ms Boland could have never envisaged, despite the potential her and Mr Burns saw in the area 30 years ago. “We liked it because it was industrial and because we were up on a hill,” she says. “I felt it would go ahead eventually because it was so close to the city but never — never — could I have imagined the money that would end up coming in to the area.” 30 Waverley Street, Teneriffe, is perched on the hill with spectacular river and district views. Photo: Ray White New Farm Houses, rather than apartments, are few and far between in Teneriffe, which means that when they do come on the market, they’re fiercely fought over. Recent sales include 48 Teneriffe Drive , which sold for more Mortgage broker than $4 million; 16 Walker Avenue was hotly contested before selling for $2.95 million and 24 Walker Avenue , set on the same hill but on a single 764-square-metre block, sold for $2.1 million.
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