It's hammer time! Brisbane auction results live

Showing Queensland's market is still red hot, an original 1960-built home that looks much the same as it did back then has sold for a whopping $2.8m at auction. Sell all the day's results.

More than 80 homes are heading to auction across the region on Saturday with Brisbane's housing market still expected to outperform all other capital cities, despite data out this week showing Brisbane home price growth has peaked.

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We'll bring you the latest news on the property market with auction results as they happen. You can also watch auctions live and exclusive HERE. 

It's going to be another rainy auction day with up to 35mm expected. Picture: Gary Jones Homes Gordon Park.

Updates

6:15 pm July 2, 2022

Original 'ugly duckling' sells for whopping $2.8m

Sophie Foster

This property has sold for $2.8m at auction.

An original 1960-built home that looks much the same as it did back then has sold for a whopping $2.8m at auction.

Brisbane developers emerged triumphant after their auction battle for the 814sq m property which officially has four bedrooms, two bathrooms and a two car garage.

Ray White auctioneer Andrew Bell controlled the auction which had five registered bidders, three of whom were active.

Jackson Paradise of Ray White Prestige Gold Coast – Surfers Paradise listed the property for auction saying its now London-based owners were "serious about selling".

The biggest drawcard is that the property sits in one of the hottest spots on the Gold Coast – Palm Beach – and is a walk to the beach. Mr Paradise had listed the double block property as being "few and far between" and said there was "development potential for up to five townhouses subject to council approval".

Location, location, location.

The home at 382-384 Cypress Terrace North, Palm Beach, was passed down among siblings for almost a decade before they sold it for $700,000 in June 2011.

The auction result is three times the price paid in 2011, with a gain of about $190,000 for every year the current sellers have owned it.

Mr Jackson said strong results were still coming through for auctions.

"We had some huge sales over the last week. Recently we’ve started seeing an increase in interstate buyers as well but as of yet there is no real trend of international buyers coming in.”

Neat and tidy backyard ready for demolition – subject to council approval.

5:30 pm July 2, 2022

Suburban post-war three bedder lands $1.1m

Sophie Foster

52 Porteus Drive, Seven Hills, currently has a three bedroom house on it that the new owners will rent out.

A post war three bedroom home built in 1950 is now a million-dollar property after it changed hands at auction.

The home at 52 Porteus Drive, Seven Hills, is on a 617sq m block, and was marketed by agents Shane Hicks and Antonio Puopolo of Place Bulimba as one that could be demolished – subject to council approval.

Bidding opened at $800,000 for the property and closed at $1.1m, with the winning couple expected to rent the home out while they make plans for the future.

The seller had bought the property for $720,000 in 2019, with the sale price a 52 per cent rise in just over three years of owning it.

Mr Hicks said the buyers hope to eventually build their dream home on the site.

The home is close to Seven Hills Bushland Reserve's walking tracks, shops, parks and dining.

5:11 pm July 2, 2022

Ashgrove home up for negotiation

Sophie Foster

Classic Queenslander charm with loads of off-street parking.

A quintessential Queenslander just 6km from the Brisbane CBD has entered negotiation phase after passing in at auction Saturday.

Real estate agent Jason Adcock of Adcock Prestige confirmed the property passed in at $2.395m.

The five bedroom, three bathroom, double garage classic at 40 Arinya Road, Ashgrove, sits on a 688sq m block – and has a renovated kitchen and bathrooms as well as off street parking for eight vehicles.

It is in the catchments of Oakleigh State School, The Gap State High School with private school Marist College a four minute walk away and Mt St Michael's College 20 minutes away.

Among the drawcards for families were the area's parks and sporting fields, including the Enchanted Forest playground, cycleways, and a Saturday morning Parkrun a five minute bike ride away.

The home is 6km from the Brisbane CBD.

4:47 pm July 2, 2022

Cape Cod style Queenslander goes into double millions

Sophie Foster

This home was built four and a half years ago.

A Cape Cod style Queenslander in Wynnum drew a crowd of 80 when it went to auction, with the striking modern home a standout in the area.

The property at 3 Petersen Street saw six bidders register for auction, which saw strong action, ending with a top bid of $2.1m – which is where the property passed in.

Real estate agent Gail Gobey of Sash & Gable Property Wynnum said they were working with several interested buyers at the moment.

"We're very confident that we will have a sale in the next few days," she said. "It's all turnkey, very impressive."

The pool and entertainment zone, with spiral stairs going up to the rooftop viewing deck.

The four bedroom, three bathroom, four car garage home was built by the owner four and a half years ago, with every modern convenience put into the dream home including a silver faced, travertine two-way fireplace, electric rollers on the windows, a rooftop viewing deck, media room, large outdoor entertainment area and aquamarine pool.

The home is at the top of a ridge which has water views to the east and the city skyline to the west, close to walking and cycling trails, dog friendly parks, and the waterfront.

The impressive entry at 3 Petersen Street, Wynnum.

4:23 pm July 2, 2022

Nine bidders battle for Wishart home

Sophie Foster

This home has five bedrooms, two bathrooms and a double garage.

A five bedroom house in Wishart on a 726sq m block attracted nine bidders when it went to auction.

The property at 61 Berkshire Crescent saw bidding open at $1m, then quickly jumped to $1.2m, going back and forth until $1.75m. A vendor bid was then put in for $1.78m, which is where the auction stalled.

Several parties are now negotiating via agents Kosma Comino and Karl Gillespie of LJ Hooker Sunnybank Hills.

Inside the Wishart home.

"All the interest is from local buyers," Mr Comino said, with several families interested in negotiations given the home sits in the Mansfield State High School catchment.

The property is listed at $1.8m on realestate.com.au with an open home scheduled for next Saturday.

It was described as an updated mansion with four living areas, well-maintained gardens, freshly painted roof and a short drive to Westfield Garden City.

4:07 pm July 2, 2022

Seven Hills home sells for $1.685m at auction

Sophie Foster

This property sold under the hammer for $1.685m.

A four bedroom home with pool in Seven Hills has sold at auction for $455,000 more than its owner paid five years ago.

The home which sits on a 444sq m block and has a pool, was built six years ago, with the owners having paid $1.23m for it in 2017.

Bidding for 12 Viminal Hill Crescent started at $1.4m, and went back and forth between multiple parties until the hammer went down at $1.685m.

Open plan living and move in ready.

Place Bulimba real estate agent Shane Hicks, who marketed the property with colleague Antonio Puopolo said four bidders registered for the auction, three local and one from Sydney.

"It was a local buyer who bought it," he said. "She'd been looking for a while which is why she used a buyers agent at the auction."

The owners were determined that a sale would be completed today for the home which is close to shops and dining, near several local parklands and Seven Hills Bushland Reserve's walking tracks.

The stunning facade of the property.

2:47 pm July 2, 2022

Half a hectare of land with four bedder: Sold for $698k

Sophie Foster

The property has dual street frontage with potential to sub-divide.

One of the biggest home blocks to go to auction this week in Greater Brisbane has sold for $698,000 under the hammer.

The property at 27-31 Fiona St, Bellbird Park – 30 minutes from Brisbane CBD – attracted five registered bidders at auction, three of whom were active.

The four bedroom, two bathroom, three car park property has 5,334sq m of land, which the owners had paid $16,100 for in 1983.

A solid four bedroom home exists at one end of the block.

Ray White Annerley agent Bevin Powell – who marketed the property with colleague Hayden Cains – said there was good bidding at the auction and the sellers were happy at the end of the day.

"We’re not quite seeing that same price point we saw three to six months ago but we ran a four week auction campaign with good numbers through the house and competitive bidding."

Half a hectare of land and this house for $698,000, 30 minutes from Brisbane CBD.

He said good properties, well presented and of high quality were getting good prices still.

"Homes that were selling before that weren’t presented well or on a busy road have seen a drop in price and demand," he said. "I would say we are transitioning back to a normal real estate market."

2:02 pm July 2, 2022

Buyer bumps up offer by three times what owner paid to seal deal

Sophie Foster

This Ashgrove two bedder sold under the hammer for $1.375m.

A buyer at auction bumped up her first bid by three times what the owner had paid for it, to secure the two bedroom triple-gabled Ashgrovian.

The home at 37 Bott Street, Ashgrove, had attracted several registered bidders, but only a single bid of $1.2m was made when auctioneer Christian Hamilton opened proceedings.

The auction was paused to allow talks with both the buyer and seller, before the bidder bumped up her offer by $175,000 – an amount that was three times what the owners had bought the home for in 1983.

The home has glimpses of the city in the distance.

The owners had paid $58,000 for the two bedroom house which sits on a 577sq m2 block, holding onto it for almost 40 years.

Agents Chris Stutz and Kathy Lillecrapp of Harcourts Solutions Windsor had described the property as "brimming with potential" given its location and views, though the property is move-in ready for buyers that wish to wait before making any changes.

12:13 pm July 2, 2022

Four bedder sells for 63 per cent more than it did two years ago

Sophie Foster

This Kedron home has jumped from $950,000 two years ago to $1.55m under the hammer today.

A four bedroom home that last sold two years ago for $950,000 has had a 63 per cent jump in price at auction.

The home at 43 Seventh Avenue, Kedron, went under the hammer at 11am with three bidders registering to have a go at landing it.

Auctioneer Justin Nickerson saw bidding open for the home at $1.3m, with the hammer going down at $1.55m.

The home is ready to move into but also has opportunities for improvement at a later stage.

The home sits on a 610sq m block and had been recently painted, with the bathroom renovated and a new ensuite put in.

The home has further opportunities for improvement, with agent Nathan Johnson of LJ Hooker Stafford saying the new owner could "start by adding a back deck or complete a full renovation by raising the existing house and building in underneath".

11:58 am July 2, 2022

Negotiations continue for classic Hamilton home

Sophie Foster

This home at 47 Joynt St, Hamilton, was described as a hillside oasis.

A beautiful triple storey Hamilton home has gone into negotiation phase after hitting the $2m mark at auction Saturday morning.

The four bedroom, two bathroom, double car garage home at 47 Joynt Street was taken to auction by Dwight Ferguson of Ray White Ascot at 10am.

Rain didn't dampen the turnout with multiple families on site. Bidding opened at $1.6m after a pre-auction offer of $1.5m was put on the table.

It progressed quickly in $100,000 jumps to $1.7m and $1.8m, before a $50,000 rise was put forward which then set the pace.

The bids went to $1.9m, then $1.95m and $2m, before $2.05m was put forward on behalf of the owners.

The property passed in at that level, with negotiations set to continue with several families on site talking to agents.