An 'old world' manision on almost 2000sq m of land with city views has sold under the hammer for $7.3m --- $1 million more than it sold for in February 2022.
An 'old world' manision on almost 2000sq m of land with city views has sold under the hammer for $7.3m --- $1 million more than it sold for in February 2022.
Located at 59 Buena Vista Ave at Coorparoo, it was marketed and sold by NGU Real Estate Toowong.
That price is $1 million higher than the residential record set for the same property in February 22, when it sold for $6.3 million.
Agent Nhan Tran said there were four registered bidders, with two active.
"The first bid of $m really knocked two out of the park," he said.
It was bought by a buyer based overseas, who also has a property in Brisbane.
"It was popular given its land size and city views," Mr Tran said.
"The house has demolition approval and is on arguably one of Brisbane's best streets."
Mr Tran said the new owner was still considering what to do next with the property.
"It is a big house," he said.
The property was a deceased estate and sits next to a new townhouse complex.
It is zoned 'emerging community' by the Brisbane City Council.
Meanwhile, a local family swooped in with an offer to good to refuse, landing 173 Kennedy Tce at Paddington for a price in the mid $5 millions.
That puts it squarely in the top 10 sales fpor leafy Paddington, where the record price was set at $10.35 million in 2009.
That was for heritage-listed Glentworth at 34 Howard St, which was built in 1879.
Other top sales in the suburb include 11 Upper Cairns Terrace ($8.2m in 2022), 22 Reading St ($8m in 2021), 197 Fernberg Rd ($7.75m in 2021), 56 View St ($6.15m in 2023), 175 Fernberg Rd ($5.8m in 2022), and 28 Upper Cairns Terrace ($5.8m in 2023).
173 Kennedy Tce, Paddington
Kennedy, which was designed and built by DAH Architecture and Zone One Projects, officially sold on June 22, just 19 days after it was first listed for sale and seven days before it was due to go under the hammer.
A modern family home at 53 Plymouth Street, Alderley, has sold under the hammer for $2.1m.
It was marketed by Ray White Alderley agent Janine McDonald with seven registered bidders, two active at the auction calle dby Ray White auctioneer Benson Spong.
Ms McDonald said all of the interested buyers were families.
“It was bought by a lovely local family with two teenage sons who were upsizing. They had recently sold their last place,” she said.
“The sellers owned it for 20 years as their family home and are downsizing to the coast.”
Ray White Queensland chief auctioneer Gavin Croft said there would always be interest in good property.
“For good property today there were certainly bidders out and about bidding strongly,” Mr Croft said.
“Brisbane continues to go from strength to strength in the auction space. As we round out the financial year, we can say auction numbers are 20 per cent up compared to last year.
“The market is strong and good property is selling well provided vendor expectations are meeting the market.”
The median house price in Alderley is now $1.3 million, up 9.5 per cent in the year to the end of May and 49.2 per cent in the past three years, according to PropTrack.
A buyer already has a tenant ready to go for her new purchase at 1 Perentie St in Regents Park – her sister.
And given the tight rental conditions across the country, both would appear to be winners in the transaction.
The four-bedroom house was marketed by Ray White Marsden AKG agent Ryan Trama.
“The eventual buyer lives nearby and will be renting the property out to her sister,” he said, adding it was great to help out the buyer and off his last auction for the financial year with a great result for the ecstatic seller.
“She (the buyer) had missed out on multiple properties previously, and is very excited to have secured a new home.”
There were three registered bidders for the property, with the gavel dropping at $735,000.
Ray White Marsden principal Avi Khan said that even with school holidays, the market was performing strongly with another five auctions scheduled for the team tomorrow.
“There’s no right time to buy and sell anymore, buyers and sellers have confidence to buy and sell in any market.”
'It's got a vibe': Young couple make top bid for Everton Park home
A young couple expecting their first baby now have a home to call their own, after landing the knockout bid of $1,077,500 for three-bedroom house at Everton Park.
The couple were among three registered bidders, with only one other bidder active at the 11am auction.
Place Newmarket agent Mario Sultana said there was a crowd of about 50 people at the property, which attracted 67 groups at open homes.
"Everton Park, it is vibrant and has a vibe," he said.
"From where it was 5-10 years ago, it has completely transformed.
"It offers alot for your money, has good amenities with the rejuvenated shopping precinct, and good proximity to the city.
"It definitely has a following."
David v Goliath: Buyer beats off 12 developers for Runcorn property
The first time is always the scariest but Woolloongabba Real Estate has joined the auction action. Agent Daniel McCormack took 36 Abbott St at Camp Hill to the market at 10am this morning in what was their first ever tilt at the auction action. “It was our first ever auction,” he said, adding they hoped to do more. “We are new to this whole auction process but we have a good auctioneer who has been coaching us and it is a great result. “It is definitely becoming an auction culture (in Brisbane).” The six-bedroom home on a 969sq m block attracted three registered bidders, two who were active in the process. Mr McCormack said bidding started at $1.3m before the hammer fell at $1.505m. “It was sold to a local developer family,” he said. “But it is more likely to be a reno this one.” Mr McCormack said the property had over 20 groups through its open homes.
A two-storey, five-bedroom home in Oxley that was flooded in both 2011 and 2022 has sold under the hammer for $895,000.
Bought by a family living on the same street, the property at 337 Cliveden Avenue attracted three registered bidders.
Place Graceville agent Nathan Spencer said it was a good result for the street.
He said one of the registered bidders was even from Lismore in Northern NSW, an area that was also heavily impacted during the 2022 floods.
He said that only the lower level of the house was affected by floods.
337 Cliveden St Oxley
"The family that bought it live in the exact same street and wanted a bigger family home," Mr Spencer said.
"They love the area, the schools and amenities."
Mr Spencer said larger homes in flood-affected areas were still proving popular, especially as affordability issues forced more people to look in those areas.
Tradie fights off 17 registered bidders for Camp Hill starter home
A low-set Middle Park home has sold "above expectations" for $1.165m.
Located at 35 Estate Rd, the four-bedroom home on a 693sq m block was marketed by NGU Toowong agent Jason Yang, and was bought by a young Sydney family who had been renting in the area.
"They tested the area, loved it and have now bought a home," Mr Yang said, adding that there had been 12 registered bidders for the 10am auction.
"Over the 21 day campaign we had over 120 groups through the property."
Mr Yang said that the majority of registered bidders were from outside of the suburb, but were drawn to the property due to it being walking distance to sought-after Jamboree Heights State School.
"There has been big demand for a low-set home like this, with its location, flood-free block and proximity to the school being big drawcards," he said.
The median house price in Jamboree Heights is now $851,250, up 12 per cent in 12 months and 51.9 per cent over the past three years.
Homeowners in the suburb hold onto property for, on average, 13.9 years.
