A tired character home on a 513 sqm city block was the top sale from a bumper auction event attracting a total of 99 bidders.
The four-bedroom New Farm home, described as a "liveable renovator" sold for $2.36m to a local buyer who would move in while planning refurbishments to the property.
It was marketed by Ray White Bulimba agent Scott Darwon. Mr Darwon said one interstate buyer was among the four registered bidders for the home, which presented a rare opportunity given the size of the block in a sought-after city location between James Street and Howard Smith Wharves.
Property records show it had been rented out since it last changed hands for $845,000 in 2013.
Ray White Collective took 30 properties to auction at its March event held at The Calile Hotel. Ray White Collective principal and chief auctioneer Haesley Cush sold 15 under the hammer, while five sold prior, for a combined total of $30.4m.
Program highlights included the exceptional prestige home called Toomoo at 86 Hillside Cres, Hamilton, which passed in at $8m.
Mr Cush described the auction clearance rate of 66 per cent as a "solid" result.
"I sold six in a row, then one would pass in, then another six in a row would sell," he said.
"The mood in the room was highly energetic. People were bidding loudly.
"The belly of the market was active today," he said.
