Brisbane auctions live blog: Gold Coast record as Margate home fails to get a bid
It's been a wild 24 hours in property auctions across South East Queensland, with a record-breaking $12 million sale on the Gold Coast while a entry-level Margate home failed to get a bid. LIVE AUCTION BLOG
Debra Bela
less than 2 min read
October 30, 2021 - 12:26AM
News Corp Australia Network
Brisbane's auction volume has hit a five-year high as we head into this weekend and there are more than 100 properties scheduled to go to auction today.
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Brisbane's famous Zig Zag Street and a house in the Poet's Corner of Norman Park feature in today's auction line-up. While Hamilton, which has seen a 108 per cent increase in first-home buyer lending (SEE THE FULL STORY HERE) has two properties going to auction today that are expecting first-home buyer interest. We'll keep you up to date with the latest auction results from across Greater Brisbane throughout the day and you can also see live auctions HERE.
Updates
That's a wrap!
debra.bela
There's only eight weekends left in 2021, and with a large number of bidders turning up to auctions across Greater Brisbane today, the urgency to secure property before the holidays will make November an auction month to remember.
The biggest sale of the day belongs to Barton Rd at Hawthorne for the second weekend in a row with a $4.235m sale.
And first-home buyers should look to Margate in Brisbane's north, where a property passed in without a single bid and could be snapped up for less than $650,000 if you act quick.
Read all about it in this blog and we'll be back to cover more live auction results next Saturday.
Sydney investor picks up in Kedron
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Ray White Ascot agent Andrew Flanagan sold 4 Beauval St, Kedron for $1.1m to a Sydney investor who bought the three-bedroom renovated home sight unseen. “The winning buyer was on the phone and had only seen the property during a Facetime inspection given the border restrictions," Mr Flanagan said. "There were 12 registered bidders in total and the sellers – who had done a fantastic renovation after they bought the house in 2014 – are moving up the coast.”
Sold for $300,000 above reserve
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There were 19 bidders who came to the auction of 13 Azzure St, Eight Mile Plains today. One of them, a couple from Indooroopilly, saw the property for the first on Friday afternoon and they ended up with the keys, paying $1.86m for this five-bedroom, four-bathroom house on 792sq m. That was $300,000 more than the sellers were expecting.
Avi Khan of Ray White Daisy Hill said the auction lasted all of 15 minutes. The sellers will now turn their attention to building new in the inner-city.
48 Pleystowe Cres, Hendra - Sold for $1.825m
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A bidder from Geelong in Victoria, who has been living in Newstead while looking for a new home, has just picked up this four-bedroom, three-bathroom house for $1.825m. They were one of two bidders who registered for the auction, with Place Newmarket's Ross Armstrong saying the sellers designed and built the house in 2017 and are looking to stay local.
50 Baty St, St Lucia - Sold for $2.406m
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A buyer downsizing from acreage in Chapel Hill has beaten nine other bidders to become the new owner of this four-bedroom parkside house at St Lucia. Brisbane Real Estate's Deron Wang had local and interstate buyers interested in the property with a coffee van set up for the auction day crowd. The sellers are bucking the trend and returning to Sydney.
Clayfield home makes $666,000 in 17 months
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A Perth family who moved to Brisbane for work last year are returning to Perth after onselling their Clayfield home at auction today.
Twelve registered bidders, three on the phone from interstate, saw value in the classic Queenslander with contemporary touches at 11 Jolly St, Clayfield, with Place Estate Agents' chief auctioneer Peter Burgin fielding as many as 30 bids. A Melbourne family, working through a buyer's agent, bought the house for $2.056m. It last sold in May 2020 for $1.39m.
"It's what I couldn't find when I was looking and I had to build to get it," Place Ascot principal, Drew Davies, said. "Perfection for a young family."
Zig Zag Street flops but locals spend $2m on a happy ending in Ashgrove
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21 Kauri Rd, Ashgrove sold at auction today
Brisbane author Nick Earls was even mentioned in the realestate.com.au listing for a house at Red Hill that went to auction today on Zig Zag St (a street immortalised in print by the respected author), but it wasn't the foreward the property needed and it didn't sell.
The main living area at 21 Kauri Rd, Ashgrove
Ray White Paddington's Judi O'Dea did eventually find a happy ending for her auction day narrative, with the $2.045m sale of this five-bedroom home at 21 Kauri Rd, Ashgrove.
There was action: a spirited auction with 10 registered bidders.
There was surprise: the two main local bidders saw the property for the first time just half an hour before the auction began.
There was emotion: the sellers had lived in the home for 20 years, raising four children and always dreaming of renovating the house on 584 sqm but not quite getting there.
And there was humour: The husband bid, the wife told him to bid more, the crowd of 80 laughed, the husband did bid more and the house is now theirs.
73 Barton Rd, Hawthorne - Sold for $4.235m
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This is the second Barton Rd, Hawthorne property to sell for $4m or more in a week following last weekend's $4m auction sale of 180 Barton Rd, and Belle Property's Tony O'Doherty hinted that a third property on the same road could be coming online soon.
Seven registered bidders took the renovated Queenslander on 850sq m to auction with auctioneer Justin Nickerson accepting an opening bid of $1.5m.
"We asked for a start and it’s certainly that," Mr Nickerson said. "Let’s go north of there, maybe $3m might be a good place to jump aboard."
Paddle number six obliged and the starting bidder bowed out with the eventual buyers a local family who live 500m away.
"They were probably not that active in the market, it was the house that brought hem to the market," Mr O'Doherty said. "They already have a stunning home 500m away, they're just upsizing."
The seller bought a larger block five years ago and subdivided it, building new homes on 405 sqm at 67 and 69 Barton Rd which have sold in the past 12 months while he renovated this Queenslander on 850 sqm as his own home.
Mr O'Doherty said the extreme activity in the property market was not confined to one street.
"I have 15 auctions already for November," he said. "I could do with another 15. It's absolute demand through the roof. I'm meeting an average of 860 buyers a month and selling an average of 17 homes a month."
But he said there are plenty of houses that don't sell in this market.
"Two things matter in any market – presentation and process. How well the owner presents the home, and how well the agents handle the process."
After 40 years in one family, this humble four-bedroom, one-bathroom house on more than 4000sq m has new owners today and a crowd of 200 turned up to watch the changing of the guard as auctioneer David Holmes worked with 20 registered bidders on the sale through Philip Resnikoff of Crafted Property Agents.
18 Condong St, Mansfield - Sold for $1.065m
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18 Condong St, Mansfield today
We've all changed our looks in a decade but look what a lick of paint can do to a home.
18 Condong St, Mansfield in 2011
The inside has had a pretty decent touch up too and the results show with this sales price. Back in 2011, this three-bedroom house on 541sq m fetched $410,000. Today, Mitch Schenning of Master Agents registered 12 bidders and auctioneer David Holmes took the property to auction where it sold under the hammer for $1.065m.
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.
