NICE AND QUIET: Nicholas Konstantinou fell in love with Warwick back in 1991, and has spent two decades investing in the region.
NICE AND QUIET: Nicholas Konstantinou fell in love with Warwick back in 1991, and has spent two decades investing in the region.

Beloved landlord bids Warwick goodbye after 20 years

LANDLORD Nicholas Konstantinou always knew he wanted to own property, the problem was he didn’t know where, until he visited Warwick.

Mr Konstantinou, who owns some of Warwick’s most iconic buildings, including the Heritage-listed property at 86 Fitzroy St, originally planned to buy up big in Brisbane but the Rose City’s small-town charm soon won him over.

“In Brisbane, there was a big shopping centre, worth $1.3 million but it had no medical centres and, when I asked why, they said because that was in the other shopping centre,” Mr Konstantinou said.

“That’s when I went, ‘I’m pulling out’!”

Travelling from Dalby to Toowoomba, one tour of Warwick was all it took to beat out the other competition, and he soon committed to the town, buying five houses upfront, and even one for himself in later years.

“I love this town, it’s nice and quiet,” he said.

“In Brisbane, it’s nice but there’s too much traffic. I prefer to be here than there.”

Now 20 years later, owning seven properties in the town, tenant Joanne O’Reilly has seen how Mr Konstantinou has become beloved with her and other renters.

“To me, they’re affordable homes but to them, they’re castles,” Mrs O’Reilly said.

“It’s a good service, none of them want to move out. It makes me a little teary.”

But now, the time has come to sell up and pursue his lifelong dream of owning a yacht, not that it will be an easy decision to leave the Rose City.

“I don’t want to, but I can’t help it,” Mr Konstantinou said.

Luckily, the Konstantinou touch will stay in the Rose City a little longer, as Mr Konstantinou passes some of his listings off to his sons to maintain.

As for his other homes, Mr Konstantinou said now was better than ever for eager investors to commit to the region, or possible for young house hunters to get their start.

“Now is a good time, the best time, to buy,” he said.

“It’s not too far away from Brisbane, if they buy here, they can be up in two hours.”

Mrs O’Reilly agreed that Mr Konstantinou was proof the Rose City had, and still is, a viable place for buyers.

“It’s hard to see people in drought doldrums, but these houses are affordable ways to get into property.

“Property is always changing, it’s just a different times and you have to work a little bit harder.”



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