Former Prime Minister Kevin Rudd and his wife Therese Rein have said goodbye to their family home in Brisbane's east of more than 20 years after slashing over $100,000 off the asking price to pocket $1.14 million. The tropical Queenslander home still managed to sell for over three times what the couple paid when they bought the house just over two decades ago, when they snagged the Norman Crescent property for $384,000 in December 1994. The house was snatched up by applied economics Professor Uwe Dulleck, who already owns a home in the area with his wife Monica. Scroll down for video . The two-storey property is a striking Queenslander, aptly painted a sunny yellow with forest green features and weatherboard panelling . Former Australian Prime Minister Kevin Rudd and wife Therese Rein leave their home in Brisbane in 2013, whilst their son Nicholas (far right) was photographed outside the property in 2012 . The pool is also perfect for hours of enjoyment. It is a tranquil settinhg, surrounded by palms and vines and ornate rocks, ensuring the home has a luxurious resort-feel . The house has a history of encouraging bargains, as the Rudd's paid $116,000 less than Irene and Nicholas Kassos who paid $500,000 just five months before the Rudd's did in 1994, reported news.com.au. There is no doubt that the home belonged to Kevin Rudd, as it features a kangaroo and emu emblem in pride of place on the veranda's lattice - twice. The polished but warm home is the place the former Prime Minister and his wife Therese Rein raised their three children, Jessica, Marcus and Nicholas. 'Sad to farewell our family home after 20 years as K & I get some more Sunny Coast sand between the toes. :) Hope a new family loves it too,' Therese Rein announced on Twitter. It's white, bright and airy, with weatherboard cladding in the living spaces and bedrooms. The bedrooms also have beautiful french doors leading out onto the patio . The modern kitchen has grey marble bench tops and state of the art appliances. There is an island bench and beautiful wooden and glass cupboards . To ensure there is no doubt this tropical Queenslander home belongs to Kevin Rudd, a kangaroo and emu emblem has pride of place on the veranda's lattice - twice . The city sanctuary is a breath of fresh air, with a stunning garden surrounding the home, filled with lush green ferns, beautiful old trees and tropical palms. It appears in photographs and for inspections without styling, meaning the furnishings and decorations are exactly as chosen and enjoyed by the Rudd family. The property is an understated but nonetheless stunning home which is perfect for a family, young or old. It is a classic colonial home with the warmth of a country property yet the convenience of its proximity to the city, schools and public transport, including the CityCat and ferry services. The two-storey property is a striking Queenslander, aptly painted a sunny yellow with forest green features. The bathroom is fascinating, with yellow, green and red glass mosaic doors complete with the word 'Bathroom' and an image of a bird . The spacious home has extra high ceilings, fresh wooden panel walls and original hoop pine polished floors throughout . Downstairs is a sprawling rumpus room; a perfect retreat to fill with couches, toys and allow for fun, messy, carefree play - or for teens to retreat with the TV and friends . The extra private home has a north-east facing wraparound balcony on the upper level and a corrugated iron roof- a calming space for a busy PM overlooking the lush surroundings. The spacious home has extra high ceilings, fresh wooden panel walls and original hoop pine polished floors throughout. It's white, bright and airy, with weatherboard cladding in the living spaces and bedrooms. The bedrooms also have beautiful french doors leading out onto the patio. There is a sunny living room, filled with light due to the windows which line the room. It is filled with the Rudds' couches and is clearly spacious enough to welcome a plenty of dignitaries! The modern kitchen has grey marble benchtops and state of the art appliances. There is an island bench and beautiful wooden and glass cupboards. The bathroom is fascinating, with yellow, green and red glass mosaic doors complete with the word 'Bathroom' and an image of a bird. The bathroom has green and white checkerboard tiles, a standalone bathtub and a timber vanity. There is a sunny living room, filled with light due to the windows which line the room. It is filled with the Rudds' couches and is clearly spacious enough to welcome a plenty of dignitaries! The five-bedroom home is perfect for any family, with its white, bright and airy rooms, with wooden panelling. The bedrooms also have beautiful french doors leading out onto the patio . Best of all, the home is a perfect place for children to explore and teenagers to enjoy on an 802-square-metre block. Downstairs is a sprawling rumpus room; a perfect retreat to fill with couches, toys and allow for fun, messy, carefree play. The pool is also perfect for hours of enjoyment. It is a tranquil settinhg, surrounded by palms and vines and ornate rocks, ensuring the home has a luxurious resort-feel. The Rudd family say the property will be 'sadly missed' after over 20 years of memories. In November last year they sold a nearby site, also in Norman Park, where they had once planned to build their dream home. The block alone cost $1.4 million in 2011. The Rudds were also disappointed when they sold the building block, which overlooks the city and the river, at a significant loss for just $1,751,000. The couple will now make what they called their 'other home' their base - a luxury property in Noosa just a stone's throw to some of Australia's most breathtaking beaches. The high ceiling, polished floorboards and beautiful glass mosaic around the front door offer a warm welcome to the Rudd home . The Rudd family say the property will be 'sadly missed' after 20 years of memories. They will now make their luxury Noosa home their base .
The Rudd family put their family home on the market in November and it sold for $1.14 million .
Kevin Rudd and Therese Rein were originally hoping for $1.25 million but lowered the asking price to $1.19 million .
The property sold to applied economics Professor Uwe Dulleck and his wife Monica who already live in the area .
They bought the Norman Park property in Brisbane's east in 1994 for just $384,000 .
It's a five-bedroom colonial classic - a hidden sanctuary surrounded by greenery with a resort-style pool .
The Rudds will use their luxurious, modern Noosa home as their permanent base after the sale .