LIVE AUCTIONS: 100-year-old Queenslander sells for $1.3m

Stay up to date with our rolling coverage of auction results across Greater Brisbane.

270 Tufnell Road, Banyo Agent: Lachlan Macdonald-Camden, Ray White Ashgrove

Good morning Brisbane, we've got an action packed day of auctions today, starting in Morningside at 8am.

SEE THE LIVE COVERAGE AND BLOG BELOW 

The gavl feed will run throughout the day and our live blog will capture auction results from across Greater Brisbane.

LIVE BLOG

• Queensland heads to auction with a 43% auction clearance rate from last weekend.

Live Updates

5:19 pm December 16, 2023

Mount Ommaney townhouse breaks complex record

David Bonaddio

1/7 Greenway Circuit, Mount Ommaney Agent: Jason Yang, NGU Real Estate

A four-bedroom, two-bathroom townhouse at 1/7 Greenway Circuit, Mount Ommaney has sold under the hammer for $1,030,000 and broken the complex record.
Five bidders took part in the auction.
The auction opened with a strong bid of $900,000.

The townhouse set a complex sale pricer record

Property agent Jason Yang from NGU Real Estate said the auction was quick and ran over a short campaign of two and a half weeks.
"It's great to see confidence in the market, it was hailing outside while the auction was taking place with the buyers braving the weather," Mr Yang said.
"The auction had quite good bidding, we paused the auction and negotiated a great price with the eventual buyer."

4:49 pm December 16, 2023

Single bidder scores the keys to Tarragindi home

David Bonaddio

9 Fernvale Road, Tarragindi Agent: Gabrielle Baker, Queensland Sotheby's International Realty – Brisbane

A five-bedroom, three-bathroom home at 9 Fernvale Road, Tarragindi has sold under the hammer for $1.8m with an opening bid of $1.5m.
Only one bidder registered to take part in the auction with the auctioneer working extra hard to secure a successful transaction.
Property agent Gabrielle Baker from Queensland Sotheby's International Realty – Brisbane said she had good numbers interested in the home online but it didn't translate to the open homes.
"I think Fernvale Road being a busy road had to do with it and obviously being mid-December buyers are turning their attention to Christmas the new year," Ms Baker said.

Despite only one bidder at the auction the home the auctioneer worked hard to secure the sale.

"Having said that the buyers out there at the moment are serious and want to lock something in. I’d rather three quality buyers over quantity.
"I think this year as a whole in real estate has been a very patchy year, some stock sells really quickly and other stock doesn’t.
"I think there is so much going on politically with interest rates and the construction industry, there is so many layers to the bigger picture.
Ms Baker said she was optimistic about the market heading into 2024.
"Brisbane is a very popular destination for interstate people from Victoria and New South Wales," she said.
"People that have been living and working overseas are looking to come home. When you look at the 500,000 people who have come into Australia this year alone, you can understand the pressure this has put on the housing market."

4:26 pm December 16, 2023

100-year-old Queenslander sells for $1.3m

270 Tufnell Road, Banyo Agent: Lachlan Macdonald-Camden, Ray White Ashgrove

A four-bedroom, one-bathroom home at 270 Tufnell Road, Banyo was sold under the hammer for $1.3m with an opening bid for $680,000.
There were seven bidders registered to take part in the auction, with four active.
Lead Agent from Ray White Ashgrove Lachlan Macdonald-Camden said the auction was intense as the prices escalated from opening bid to $950,000 in no time.
“It was a great auction that drew in a large crowd, scattered throughout the large yard of the property itself,” said Mr Macdonald-Camden.

The auction drew in a large crowd

“The sellers, a young family, had already bought a property off us previously in Ashgrove. They knew that their property, a classic 100 year old Queenslander home sitting on a large block of land would spark interest amongst buyers at auction, reaching $80,000 over the highest offer prior.”
“The eventual buyers were a local family living in Northgate, who had been property searching for the last year and were over the moon with their purchase. After missing out at auctions all year, they were happy to have their Saturdays back.”
Mr Macdonald-Camden said the market in 2024 is going to continue to have a high demand and low supply.

4:21 pm December 16, 2023

Camira home passes in at $850,000

David Bonaddio

8 Moss Road, Camira Agent: Saeed Moghaddam, Brisbane Real Estate

A four-bedroom, two-bathroom home at 8 Moss Road, Camira has passed in at $850,000.
Property agent Saeed Moghaddam from Brisbane Real Estate said negotiations were taking place outside of auction conditions.

Mr Moghaddam said the market a bit quieter at this time of year.

"We have a few groups interested in the home and expect to sell it soon," Mr Moghaddam said.
"It is a little bit quieter at this time of the year, we see the quantity of buyers drop but the buyers that are still out there looking are good quality cashed-up buyers.

4:14 pm December 16, 2023

Prestige Clayfield home passes in for $3m

20 Batman Street, Clayfield Agent: Nick Roche, Ray White Ascot

The five-bedroom, three-bathroom prestige home at 20 Batman Street, Clayfield was passed in the auction at $3m, with an opening bid of $2.5m.
There were four active bidders during the auction and agents are currently in negotiations with groups outside of auction conditions.

Despite the property passing in there is interest from buyers outside of auction conditions.

Lead agent at Ray White Ascot Nick Roche said he is tipping in the next 24-48 hours, the property could be sold for $3.5m and said the vibe at the auction was pretty good and the 2024 market would be similar to this year with high demand and not a lot of stock.
“It was a busy auction and the bidders were very interested in the property and reached $3m in no time,” Mr Roche said.
“The 2024 property market is going to continue to be the same as this year, there are a lot of buyers but not enough stock.”
“The prices will continue to rise and it's better if you are a buyer to get in now, before it goes higher.”

4:03 pm December 16, 2023

Australian based overseas buyers secure Forest Lake home amid sizzling property market

David Bonaddio

8 Hamilton Close, Forest Lake Agent: Saeed Moghaddam, Brisbane Real Estate

A four-bedroom, two-bathroom home at 8 Hamilton Close, Forest Lake has sold prior to auction for $852,000.
Property agent Saeed Moghaddam from Brisbane Real Estate said the new owners were based overseas and wanted to secure a home before their return to Australia in 2025.

The new buyers wanted to secure the property before their return to Australia in 2025.

"The new buyers live in Taiwan at the moment and with the market going up in the way that it is, they wanted to make sure they purchased now. They will rent it out in the meantime," Mr Moghaddam said.
"Real estate is all about perspective and the perception is that the market will keep growing up and our buyers are thinking they’re saving themselves thousands of dollars in the long run. In my opinion, these buyers definitely did the right thing."

3:54 pm December 16, 2023

Short campaign pays off for Doolandella home

David Bonaddio

9 Redhead Street, Doolandella Agent: Saeed Moghaddam, Brisbane Real Estate

A three-bedroom, two-bathroom home at 9 Redhead Street, Doolandella has sold under the hammer for $675,000 with an opening bid of $550,000.
Property agent Saeed Moghaddam from Brisbane Real Estate said he was happy with the result considering the property only had a short campaign.

The campaign for the property was shortened to three weeks.

"Usually we go for a four week campaign and to tell you the truth traffic from buyers was a bit less than what we were expecting," Mr Moghaddam said.
“The market is still very respectable at the moment, the prices is still in the sellers favour. The new owners are from Brisbane but they bought it for an investment.
“In 2024, my gut feeling says if the interest rates go up in February we’ll see the market come off the ball a little bit. It was due last month but the momentum kept it going."

3:27 pm December 16, 2023

Young family scores Camp Hill home for $1.710m

David Bonaddio

49 Pavo Street, Camp Hill Agent: Shane Hicks, Place Bulimba

A five-bedroom, three-bathroom home at 49 Pavo Street, Camp Hill has sold under the hammer for $1.710m with an opening bid of $1.5m.
Four bidders registered to take part in the auction.
The lucky bidder went to a family with a young child who were overcome with emotion upon winning.

The auction attracted a lot of attention.

Property agent Shane Hicks from Place Bulimba said he was pleased with the three week campaign.
"It went really well, we had lots of interest from a lot of families," Mr Hicks said.
"The market is the strongest it has ever been and it's only getting stronger, I see that trend continuing in 2024."

3:16 pm December 16, 2023

Morningside home passes in for $1.3m

33 Waminda Street, Morningside Agent: Jaymee Gilbert, Place Bulimba

A five-bedroom, two-bathroom home at 33 Waminda Street, Morningside, was passed in the auction with the last bid $1.3m with an opening bid of $1.1m.
There was only one bidder registered to take part in the auction and they are in negotiations outside of auction conditions.
Property agent Jaymee Gilbert from Place Bulimba, said the market will see a gradual increase in 2024.
“Hopefully the market stays hot and prices continue to increase,” Ms Gilbert said.
“The property right now is on the way to a rapid increase and buyers are moving in from interstate to buy.”