Some $17 million has exchanged hands at Ray White's June auction event at the Calile Hotel in Brisbane's Fortitude Valley, where 12 properties were going under the hammer. All the latest in the auction blog.
There are 99 homes that made it to auction today, including Brisbane's first block of flats for women that was built by department store pioneer TC Beirne in the 1930s and an absolute riverfront home at New Farm, three doors down from the Merthyr Bowls Club.
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We're also expecting a massive sale on the Sunshine Coast, seven blocks of land will go to auction in Greenbank's Covella community, and first-home buyers will have the chance to move in to Sydney St at New Farm.
Auction results and news will be posted here throughout the day. You can also watch auctions live HERE.
Thanks for joining our live auction coverage today. Ray White had a preliminary clearance rate of 62.5 per cent across Greater Brisbane for the day, while nationally Adelaide topped the clearance rate pool at 80 per cent.
Enjoy the rest of the weekend and we'll be with you again next Saturday.
A family from India who relocated to Brisbane and have been renting in the city are the new owners of this contemporary four-bedroom home on a 633sq m block.
"This is their first home in Australia," Brisbane Real Estate selling agent Kel Goesch said.
They competed against a local downsizer for the house. The sellers are leaving to try their hand at acreage in the Brookfield/Anstead neighbourhood.
– 11/122 Macquarie St, St Lucia – Sold for $680,000;
– 3/52 Cadell St, Auchenflower – Sold for $542,000;
– 79 Glen Ross Rd, Sinnamon Park – Passed in. Now seeking offers over $1.1m.
– 19 Bridge St, Chelmer – Passed in. Now a private treaty sale;
– 71 Robertson Place, Fig Tree Pocket – Passed in at $3.65m and still negotiating.
– 13 Gresham St, East Brisbane – Passed in at $3.5m;
– 85 Grenfell St, Mount Gravatt East – Sold for $2.39m;
– 53 Verday Cres, Pallara – passed in with seven bidders and currently negotiating;
– 322/90 Wynnum Rd, Norman Park – Passed in. Now seeking offers from $1.8m;
– 356 Ferguson Rd, Norman Park – Sold prior to auction for $1.05m.
– 16 Abbott St, New Farm – Sold for $2.55m;
– 813/959 Ann St, Fortitude Valley – Sold prior to auction;
– 10 Vale St, Kelvin Grove – Sold prior to auction for $940,000;
– 184 Shaw Rd, Wavell Heights – Passed in. Now seeking offers over $850,000;
– 31 Maple St, Wavell Heights – Passed in. Now seeking offers over $1m;
– 605 Sandgate Rd, Clayfield – The block of units passed in. Now asking buyers to submit offers.
“If this auction was even a month ago we would have sold it under the hammer at a much higher price.”
So says Sunshine Coast veteran agent Tom Offermann after the diamond of Noosa Heads passed in at auction today.
The 2005-built waterfront estate on 611sq m is one of only 36 homes on the riverfront address and features a large entertaining terrace facing the water with a bar, outdoor kitchen, pool and spa.
Three interstate bidders registered for the auction with two taking part and there was interest from two fresh parties who saw the property for the first time at the auction.
“We had a panic call from someone in the UK that I had sent information to a week ago, which is pretty consistent with that type of property," Mr Offerman said. "They called me straight after the auction and are interested.
“A lot of people at this level hold assets in the equities market and the last week’s financial events with the equities market tumbling has unsettled buyers.”
The richest non-riverfront home in the western suburb of Jindalee is now 5 Coree Close and a crowd of 200 witnessed the sale after five registered bidders took the home to auction today.
Kremer and Co selling agent Steve Kremer said a younger couple from Auchenflower bought the four-bedroom house on a 979sq m block. The property had been a multigenerational home for the sellers.
"They are now moving to Cairns to be closer to their grandkids," Mr Kremer said.
Once again, the lure of a home that does not need renovating is attracting buyers particularly with continued uncertainty around build times and cost blowouts.
Good morning Brisbane! We're starting the day with Ray White's June auction event at the Calile Hotel in Fortitude Valley where 12 properties are going under the hammer. The event is hosted by the Ray White offices of New Farm, Bulimba, Toowong and Clayfield with Haesley Cush our auctioneer for the day.
LOT 1: 5131/66 LAMINGTON ST, NEW FARM
2 Bed / 2 Bath / 1 Car apartment
Agents: Richard Barlow and Caleb Clarke, Ray White New Farm
Bidders: 4
The first auction of the day kicks off at 10am with Haesley Cush set up with a honey and lemon drink as he fends off the end of a cold. Bidding starts at $850,000 from a woman in the third row and goes up in $5000 lots. At $960,000 the auction pauses.
"Madam round it up to a $1m, give them the old Jeff Horn," Haesley encourages. A bid from the back of the room brings the property to $970,000 and the property is announced on the market. Most of the bids from here go up by $1000, until 18 bids later the property sells for $993,000.
"Is that the aircon or the market?" Haesley asks.
LOT 2: 15 WRIGHT ST, BALMORAL
5 Bed / 3 Bath / 2 Car on 405sq m
Agent: Zita Durrand, Ray White Bulimba
Bidders: 4
Bidding starts at $1.8m and goes up by $100,000 lots with phone bidders involved.
"Just a reminder to our online bidders, if you keep muting my mike you won't hear me," Haesley reminds those watching the auction remotely.
At $2.2m the property is announced on the market and the $1000 strategy begins again with a follow-up bid of $2,201,000.
"Selling at $2,201,000, we've called it away twice…."
Another $1000 is added and then bidders move to $500 increases until a new bidder wearing the only mask in the room of 100, comes in with a $1000 increase to $2,204,000. A phone bidder replies with an extra $6,000 and the property sells for $2.21m.
LOT 3: 6/40 MAXWELL ST, NEW FARM
2 Bed / 2 Bath / 2 Car – a 135sq m apartment
Agent: Eadan Hockings, Ray White New Farm
Bidders: 5
A $1m bid opens the auction of this waterfront apartment followed by $50,000 bid increases from the floor, shortening to $25,000 bids until the property gets to $1.175m where the auction pauses.
"We are meeting as many people from Sydney and Melbourne as locals at the moment," Haesley says to encourage further interest.
Update: An increased offer of $1.175m puts this home on the market and it sells for that price.
LOT 4: 30 VANWALL RD, MOGGILL
5 Bed / 3 Bath / 8 Car on 1.24ha
Agents: Christine Rudolph and Dan Monsour, Ray White New Farm
Bidders: 0
Christine Rudolph says there is currently interest in this property around $1.8m and Haesley invites buyer interest above this point. No bids are received and the property passes in.
LOT 5: 332/50 MACQUARIE ST, TENERIFFE
3 Bed / 2 Bath / 1 Car a 165sq m apartment
Agent: Ben Percival, Ray White New Farm
Bidders: 5
The only apartment in this Woolstore building with an external balcony, bidding starts at $1.33m. At $1.55m bidding slows from $50,000 increases to $25,000. At $1.65m the property is announced on the market and it sells for that price.
LOT 6: 76 OXLADE DRIVE, NEW FARM
3 Bed / 3 Bath / 3 Car on 405sq m
Agents: Scott Darwon and William Low, Ray White Bulimba
Bidders: 3
"Game on," Haesley says for this rare piece of New Farm riverfront.
Bidding starts at $4.5m and gets to $5m within a minute. At $5.1m a $50,000 increase is rejected and the property moves straight to $5.2m before bidding slows. At $5.425m Haesley calls for instructions.
"We're selling, Haesley," selling agent Scott Darwon says as the property gets to $5.45m. The auction then goes up in jumps of mostly $10,000 lots and sells for $5.52m.
LOT 7: 259 MORAY ST, NEW FARM
3 Bed / 1 Bath / 2 Car on 526sq m
Agents: Aaron Woolard of Place New Farm and Karla Lynch of Ray White New Farm
Bidders: 2
"See we do play nicely," Haesley Cush says, pointing to a rare collaboration between Ray White and Place Estate Agents over the sale of this property that is just a couple of hundred metres from the previous property.
"This is a great sale don't miss it," Place New Farm's Aaron Woolard says.
Bidding starts at $1.7m and pauses at $1.865m with Ray White's Karla Lynch on the phone and Aaron Woolard in his light-coloured suit cruising the room.
The auction event is paused for the first time this morning with mood music playing while Haesley and the lead agents chat at the front of the first floor Calile auction room.
Update: The property finally sells for $1.875m.
LOT 8: 6 REACH PLACE, BULIMBA
3 Bed / 2 Bath / 2 Car
Agents: Brandon Wortley and Daniel Lazzaroni, Ray White Bulimba
Bidders: 4
A woman in the third row starts bidding at $900,000 and goes up in $50,000 increases until it pauses naturally at $1.2m.
"Brandon should we tell the bidder the price we can get it on the market at?" Haesley asks. The lead bidder sitting in row four shakes his head when he hears the sum but the conversation continues and Brandon then walks to the front corner of the Calile auction room to chat with the seller on the phone. He returns to the lead bidder and suggests another price. A slight head hod leaves Brandon with some optimism and the bidder increases his bid to $1.25m. The property is announced on the market and sells for that price.
LOT 9: 85/39 VERNON TCE, TENERIFFE
2 Bed / 2 Bath / 2 Car apartment
Agent: Annette Richards, Ray White New Farm
Bidders: 5
There is international, interstate and local interest on this property but the first bid of $1m comes from the vendor through auctioneer Haesley Cush. Bidders take up the auction from here, although a second vendor bid of $1.25m is needed to keep momentum going. At $1.31m the auction is paused to negotiate.
Update: An increased offer of $1.325m is received but the property passes in.
LOT 10: 9 MCLACHLAN ST, FORTITUDE VALLEY
8 Bed / 8 Bath on 301sq m
Agent: Tom Lyne, Ray White New Farm
Bidders: 3
The Bulolo flats were built for department store pioneer TC Beirne to house female workers in purpose-built self-contained accommodation in the heart of Fortitude Valley. It is coming to market for the first time in four decades. A vendor bid of $1.5m starts the auction. Bidders online and in the room take the property to $1.8m.
"I've got a question to ask," Tom Lyne says before leaving the room.
He returns after a few seconds.
"One sec, I know where they are, and he moves to a couple seated in the back row of the room."
That couple place a bid of $1.85m on the basis that the property is put on the market. Another couple standing by one of the Calile's iconic arched windows enter the auction and hold the lead at $2m. At $2.21m the frenzy of bidding slows and the property sells for that price.
LOT 11: 12/26 HOLLAND ST, TOOWONG
2 Bed / 2 Bath / 1 Car apartment
Agents: Reuben Packer-Hill and Brady Barri, Ray White Toowong
Bidders: 4
Passes in at $575,000.
LOT 12: 40/166 SYDNEY ST, NEW FARM
1 Bed / 1 Bath / 1 Car – a 72sq m apartment
Agents: Richard Barlow and Caleb Clarke, Ray White New Farm
Bidders: 4
Sells for $552,500.
Kath & Kim star, comedian and actor Jane Turner, has listed her rather effluent Elwood mansion for sale. Grab some cardonnay and take a squiz at the home’s impressive fretful ironwork.
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