The Dunmore Estate was advertised in the local papers on the days leading up to the sale.
The Dunmore Estate covers Milton Road, Ridley Street, Grimes Street, Aldridge Street, Hobbs Street, Challinor Street, Huxham Terrace, Eagle Terrace, Cue Street (map shows as Railway Lane), Lang Parade, Chasely Street, Lima Street, Fortitude Street, Kingsford Street, Dunmore Terrace, Coronation Drive (map shows as River Road), Camford Street, Roy Street (map shows as John Street) and Kilroe Street
Check out the 1946 Aerial view of the Dunmore Estate.
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Newspaper Advertisement - The Telegraph - Page 12 - Saturday, 2 September 1899.
Newspaper Advertisement - The Telegraph - Page 5 - Friday, 15 September 1899.
An Interview With the Auctioneers of the Dunmore Estate.
A representative of this journal waited upon Mr. James Love in reference to the sales of the above estate. Mr. Love was, as usual, deeply immersed in business, but was able to spare time to answer a few of our inquiries, as follows :—
"Have the sales as yet come up to your expectations?"
Mr. Love: "Certainly not: we should have sold every allotment offered, at the low prices that we have on them."
"How do your prices realised compare with boom values?"
Mr. Love: "About one-fourth as much. If Sir Thomas M'llwraith's offer, of £100,000 made in 1888 for the estate had been accepted, the net acreage of the estate being 68 acres ex roads, he would have had to average £1,500 an acre to clear himself, and now we are only getting a total average of less than £350 per acre.
"People do not realise, then, what bargains they are getting?"
Mr. Love: "No; very few of the buyers seem to have made comparisons between the present value of the allotments adjoining Toowong, Albion and Bowen Hills railway stations, which are worth hundreds and these allotments which they are selling so cheaply."
"The last sale takes place tomorrow?"
Mr. Love: "Yes, and that will be the last chance of buying, as the vendors have decided shortly after the auction sale to absolutely withdraw the unsold allotments from sale and hold them for considerably higher prices, or else hand them over to the beneficiaries."
"What is tbe present total sale?"
Mr. Love: "One hundred and ninety-two allotments have been sold for £12,538."