It's hammer time! Brisbane and Gold Coast auction results live

What's the quickest way to make $300,000? Buy a brand new house, live in it for less than year, and then sell it. Follow our auction blog.

Brisbane homes head to auction on Saturday with the city holding clearance rates above 80 per cent and home values leading the country for growth while the northern Gold Coast suburb of Pimpama is the state's auction hot spot this week with 10 auctions scheduled.

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Saturday's auction highlights will include the most viewed property going to auction in Australia, a humble three-bedroom Queenslander in Brisbane's north, demonstrating the strength of the first-home buyer and investor market.  We'll be posting auction results all day so stay with us as we keep an eye on the Brisbane and Gold Coast property markets in real time.

Live Updates

7:35 pm February 5, 2022

That's a wrap!

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More than 40 per cent of the homes that went to auction today were in that classic first-home buyer territory of three-bedroom houses in need of a little TLC. As a result a large number of bidders were first-home buyers. Place Newmarket agent Matthew Jabs said up until last year, homes in the $1m price range weren't usually going to auction, meaning first-home buyers were previously able to buy a home via a private treaty sale. That's not the case now and today's bidder turnout, with as many as 24 bidders on one auction, shows that there's plenty of buyers wanting to sign a contract and lock in a mortgage before interest rates start rising.
Thanks for joining us today and we'll be with you again next weekend.

7:22 pm February 5, 2022

40 Second Ave, Sandgate - Sold for $1.51m

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40 Second Ave, Sandgate. Agents: Tamara and Mark Wecker, REMAX Sandgate; Auctioneer: Justin Nickerson

Sandgate house prices have increased by 24.9 per cent in 12 months and are now just over $1m. This five-bedroom home is 90m from the waterfront in a tightly held pocket of Sandgate and it sold today for $1.51m.

7:10 pm February 5, 2022

Two homes sell in Jimboomba

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73 Peppertree Drive, Jimboomba. Agent: Philip Resnikoff, Crafted Property Agents; Auctioneer: David Holmes

This four-bedroom house on 8000sq m sold at auction today for $1.05m after five registered bidders took it to auction.

32 Ibyana Court, Jimboomba. Agent: Philip Resnikoff, Crafted Property Agents; Auctioneer: David Holmes

Not long afterwards, 32 Ibyana Court on half a hectare sold under the hammer for $780,000 with one bidder in attendance.
Jimboomba house values increased by 30.7 per cent in 2021 and the median price of a house in this township in the City of Logan is now $728,644.

7:01 pm February 5, 2022

23 Harley St, Labrador - Sold for $1.4m

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23 Harley St, Labrador. Agent: Andrew Wright, Professionals Southport. Auctioneer: Roger Blanksby

It doesn't take a genius to figure out what the plan is for this large block of land on the northern end of the Gold Coast. With four or five neighbouring properties already investing in the townhouse market, both local Gold Coast bidders were keen to follow suit. But the plan at least for now is to live in the front house while the rear townhouses are built on the 1889sq m block.

6:53 pm February 5, 2022

Riverfront home passes in then sells

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41A McConnell St, Bulimba. Agents: Chris Lawsen and Zac Ward, Harcourts Inner East – Balmoral

This is possibly one of the only three-bedders heading to auction today that first-home buyers weren't lining up for. Only three properties sold on this street last year, with a combined sales price of $8.5m and only one of them had river frontage (it sold for $5.4m).
Around 100 people came to the Brisbane riverbank to see 41A McConnell St, Bulimba on 582sq m go to auction. Six bidders tried to buy it. The property passed in but Harcourts Principal Chris Lawsen said the house now has a conditional contract on it with the buyer planning to develop the existing house. Expect more action from this street in the not-too-distant future.

6:36 pm February 5, 2022

Two homes sell at Kenmore

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20 Kenmore Rd, Kenmore. Agent: Deron Wang, Brisbane Real Estate Indooroopilly. Auctioneer: Justin Nickerson

Kenmore in Brisbane's west has a median house price of $1.073m and this five-bedroom house at 20 Kenmore Rd passed that figure by more than $200,000. Let's hope the new owners have enough left over to revamp the pool.

38 Gleneagle St, Kenmore. Agent: Byrony O'Neill, O'Neill Estate Agents, Toowong; Auctioneer: Justin Nickerson

Passing the median house price for Kenmore by even more is this Griffin & Knowlman designed and built home on 716sq m that sold for $1.305m after four bidders took it to auction today.

6:29 pm February 5, 2022

20 Stafford St, Paddington - Sold for $1.388m

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20 Stafford St, Paddington. Agents: Judi O'Dea and Michael Kleimeyer, Ray White Paddington; Auctioneer: Justin Nickerson

There were eight registered bidders for this four-bedroom house on two levels and it's $1.388m sale price was good buying considering the median house price in Paddington is currently $1.775m according to CoreLogic.

6:07 pm February 5, 2022

Sellers make $300,000 in seven months

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92 Elfreda St, Enoggera. Agents: Matthew Jabs and Ross Armstrong, Place Newmarket; Auctioneer: Peter Burgin

The sellers of this property have made $300,000 just by living in the brand new house for seven months and then selling it.
The property at 92 Elfreda St, Enoggera, set the north Brisbane suburb abuzz when it sold at auction in June last year for $2.301m. Today the five-bedroom, three-bathroom house fetched $2.61m. That's another record price for Enoggera.

"It's a new product and you can't get builders at the moment," Place Newmarket's Matthew Jabs said.
"People have been living in their older houses due to Covid and need to expand so they get quotes and then find it's too expensive so they are looking to get something that's move-in ready."
A work transfer is the reason for the quick re-sale of 92 Elfreda St, Enoggera, and six local bidders took the property to auction.

5:36 pm February 5, 2022

206 Brisbane St, Bulimba - Sold for $1.45m

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206 Brisbane St, Bulimba. Agents: Melissa Pearson and Ben O'Brien, Couture Realty. Auctioneer: Justin Nickerson

Five bidders took to this renovated pre-war Queenslander to auction with the home, on a 401sq m corner block with a pool, selling for $1.45m.

5:18 pm February 5, 2022

First-home buyers converge on Australia's most popular house

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There was always going to be a crowd at the auction of 25 Nicholas St, Windsor, particularly with realestate.com.au revealing this three-bedroom home on a 405sq m block was the most viewed auction listing in the country this week.

Thirteen bidders on the phone and in person turned up this afternoon with Harcourts auctioneer Christian Hamilton slamming the hammer down on a $1.13m sale.

First-home buyers Casey and William Scalia, who are currently renting in East Brisbane, bought the house after fending off three other active bidders during the auction. They have been looking for a home since September and said their budget has had to increase by 10-15 per cent in that time.