Home Business & Finance Outbid by $60k, Karli won her dream home with a heartfelt letter
Business & Finance

Outbid by $60k, Karli won her dream home with a heartfelt letter

Outbid by $60k, Karli won her dream home with a heartfelt letter
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First homebuyer scores historic Malanda cottage despite $60,000 higher bid In short: A 25-year-old woman was outbid by $60,000 on a 116-year-old railway worker's cottage in Malanda. A handwritten letter about her family's roots in the town convinced the seller to accept her lower offer over a developer's bid. The new owner has started restoring the historic home, while hoping her rare story gives other young buyers hope in a soaring regional market.

First homebuyer scores historic Malanda cottage despite $60,000 higher bid In short: A 25-year-old woman was outbid by $60,000 on a 116-year-old railway worker's cottage in Malanda. A handwritten letter about her family's roots in the town convinced the seller to accept her lower offer over a developer's bid. What's next? The new owner has started restoring the historic home, while hoping her rare story gives other young buyers hope in a soaring regional market. Selling a home almost always hinges on one golden rule — the highest bidder wins. But in Malanda, on the Atherton Tablelands in Far North Queensland, the sale of a 116-year-old railway worker's cottage has proven that is not always the case. Karli Bryant, 25, has just bought her first home despite offering $60,000 less than a rival bidder. And it all came down to a heartfelt letter. A home with history The timber-clad cottage was one of the town's original railway workers' homes, built in about 1910 when the rail line first reached Malanda. Ms Bryant grew up in the town and attended the school next door to the cottage, but always felt owning property was not achievable. The home was advertised for sale, with offers sought from potential buyers. "I actually went and viewed the house on a whim,"she said. "It was really cute … I just thought, I can make something nice of it." She was not the only one who saw an opportunity — but she was the only one who put pen to paper. The words that changed everything Ms Bryant penned a letter to the seller, a woman in her 90s based in Western Australia. She wrote about her grandmother who taught at Malanda Primary, about attending the school herself, and how she was now studying to become a teacher there too. She said she knew the house was "filled with love". "I just told her how much it would mean to me to be able to raise my kids in my hometown," Ms Bryant explained. "I teared up when I was writing it, but I just told her how much it would mean to me and how I'd try and take care of it the best I could." She was certain she had missed out. "I actually know someone that put a bid on the house, and it was $60,000 more than mine," Ms Bryant said. "I dead-set did not think I was going to get it. "And so when [real estate agent] Janine called me to let me know, I could hear the shock in her voice, and I was just in disbelief." Bulldoze or restore The elderly owner was determined for the house to go to someone who valued its history and its future, Janine Rielly from Elders Real Estate said. "I read the letter out to the owner, and she was quite touched," she said. Ms Rielly said other bidders had made significantly higher offers, but planned to bulldoze the cottage to build duplexes or units. "She loved the idea of young people being able to enter the market." Ms Rielly said the seller attained a fair price for a home that needed a lot of work, but in a multiple-offer scramble, the letter tipped the scales. "She [Karli] was the only one that was willing to restore it," Ms Rielly said. "And that was really important." Carpet, mould and a Bobcat Two days after settlement this week, Ms Bryant and her partner were already knee-deep in renovations — ripping up carpet, scrubbing mould, and waiting on a Bobcat to tame an overgrown backyard. "We've got heaps of plans," she said. "But my grandma told me Rome wasn't built in a day — I just need to take a breather, or I might burn myself out." Ms Rielly said a potential risk in a situation like this was a loss of reputation if a buyer went back on their word — especially with old homes where renovation costs could spiral. "She doesn't have a contract that says that she has to do anything, but integrity and honesty is everything in a small town,"she said. "Karli comes from a family with three generations in Malanda, and I believe that she will stick to her word." The exuberant couple has already written a second letter to the seller and sent a photo of them standing in front of the house with the "sold" sign. The bigger picture At 25 years old, Ms Bryant is well aware of how rare her story is. Census data showed the average home ownership rate for 25-29 year olds dropped from 50 per cent in 1971 to 36 per cent in 2021. Results from the 2026 Census have not been published — but regional Queensland property prices have skyrocketed 58 per cent since the last national headcount. In Malanda, even a modest three-bedroom home is priced from the mid-$400,000s. Ms Bryant hoped her story might help other young people find hope. "I'm 25 and I honestly can't believe I've gotten into the property market,"she said. "Just try not to give up," she said. And maybe … write a letter.
Karli (PERSON) Malanda (ORG) the Atherton Tablelands (LOCATION) Far North Queensland (LOCATION) Karli Bryant (PERSON) Ms Bryant (PERSON) Western Australia (LOCATION) Malanda Primary (ORG) Janine (PERSON) Janine Rielly (PERSON) Elders Real Estate (ORG) Ms Rielly (PERSON)
Originally published by ABC Australia Read original →