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LiveWATCH LIVE! Brisbane auctions to watch this weekend
Keep an eye on the Brisbane property market in real time with our live auction coverage. First auction at 8am.
Brisbane is hosting an 11-hour onsite auction marathon on Saturday with more than 140 homes heading under the hammer, more than half of which will be auctioned by Place Estate Agents during “The Day” auction event.
SEE AUCTIONS LIVE AND READ THE BLOG BELOW
We’ll start the coverage in Chelmer at 8am and finish in Camp Hill at 7pm.
You can watch Place auctions live via our Gavl feed and we’ll bring you auction results and news from across Greater Brisbane in our live auction blog which you can read by scrolling past the Gavl window.
Brisbane heads to auction with a clearance rate of 48 per cent from last week.
LIVE AUCTION BLOG
Results are starting to roll on from this morning's auctions.
A four-bedroom, three-bathroom house with a pool at 12 Douglas Street, Yeronga, was not as well attended as hoped.
Only one bidder registered for the on-site auction at 9am, with an opening bid of $1.1 million.
That was followed by a vendor bid of $1.5 million, before the property was passed in.
Place Estate Agents auctioneer Tara Kelly said an older couple owned the property and remained positive it would still sell.
“There’s a negotiation happening at the moment”, Ms Kelly said. “I’m confident it’ll sell in the next couple of days.”
Over in Murarrie, the auction of a three-bedroom house on a 546 sqm block kicked off at 10am.
The house at 11 Kyoomba Street attracted three registered bidders and bidding started at $950,000. It was passed in at $1.075m, with negotiations continuing.
The property has been in the family for 11 years and is ready for a fresh start.
Auctioneer Paul Curtain said the underbidders wanted to pay a figure within 2 per cent of the owners' expectations.
“We got really close on this one…one of the reasons that it didn’t go to sale is because we had two parties that were very interested with conditions," Mr Curtain said.
“We were weighing up with the seller whether to work with the offers on an unconditional basis versus the offers that had conditions.
“It’s all about getting the right outcome for the seller…it’s highly likely the property will be under contract before 5pm."
10AM: 16 MORETON AVE, WYNNUM - SOLD UNDER THE HAMMER
A picture-perfect, restored Queenslander close to the Wynnum waterfront and golf course has sold at auction for $1.41m.
Five bidders registered to compete for the five-bedroom, two-bathroom house on a 607 sqm block with a pool.
McGrath Wynnum marketing agent Alec McEwan said the opening bid was $1m, and there were 11 bids in total.
Mr McEwan said bidding paused at $1.25m and then it came down to a game of $10,000 bids between two buyers, until a local couple placed the winning bid.
"It's the quintessential Queensland dream," Mr McEwan said. "It's the side access, it's the shed, it's the pool, and a 607 sqm block is so rare in Wynnum.
"There are definitely buyers out and about."
11AM: 24 PROUT ST, CAMP HILL - SOLD UNDER THE HAMMER FOR $1.25M
A young couple who have been looking to buy for two years could not be more relieved after paying $1.25m for a home in one of Brisbane's most popular suburbs.
Two young couples registered to bid for the five-bedroom house on a 405 sqm block at 24 Prout Street.
After an opening bid of $1.1m, it only took two more bids to get to $1.2m, before a pause and negotiations with the couple until they agreed to increase their bid to $1.25m.
“I’m so excited for the buyers, they’ve been looking for two years," marketing agent Joanna Gianniotis of Place Estate Agents said. “It will be excellent not to see them at any future open houses."
The new owners, Adam Middleton and Ashleigh Lau, plan to get a dog in their new property after years of renting.
“Deciding what sort of dog we get is harder than the house," Mr Middleton said.
Previous owners Emmett and Caitlin Roche said the result was what they wanted.
“We had already bought previously and are happy it sold today," Mr Roche said.
The couple said they were looking forward to enjoying life, going on a holiday to Fiji, and then moving to Wellington Point.
12PM: 66 CROSBY RD, ALBION -
Over in the inner northern suburb of Albion, a three-bedroom, four-bathroom, modern-industrial style home has sold at auction for $2.05m.
Five bidders registered for the on-site auction at 12pm, with an opening bid of $1.5 million.
Around 60 people turned out to watch the action until the hammer came down at $2.05m.
Records show it last sold for $1.26 million in December 2019, with the property receiving an aesthetic renovation since.
Marketing agent Patrick McKinnon of Place Estate Agents said it was an "amazing" result.
“Today is going great, there are lots of buyers out there at the moment,” he said.
Ray White has reported a quiet weekend of auctions, with its chief auctioneer in Queensland, Gavin Croft, saying the Easter break and long weekends had played a role in holding back auction volumes slightly.
"We anticipate May to be a really busy month, with many sellers choosing to wait to avoid the disruption of long weekends and holidays in their campaign," Mr Croft said.
"We can see auction volumes on the rise in May and June, promising to be busy auction months. Buyer numbers remain strong and this is continuing to translate to buyer depth at the auctions that do run through on auction day."
1PM: 1 KENNEDY TCE, EAST BRISBANE
A fantastic redevelopment opportunity, metres from the Gabba at 1 Kennedy Terrace, East Brisbane had a massive turnout with bidders eying their slice of inner-Brisbane’s property market.
The property boasts three-bedrooms, one-bathroom and one parking space.
Three bidders registered for the on-site auction at 1pm, with an opening bid of $900,000.
The property sold for $1.86 million with the new owners a young family relocating to the city to save travel time.
Over 45 bids were made across three registered bidders for the property.
Agent Simon Caulfield said the property had been in the family for over half a century.
“The auction was pretty busy, half of the Brisbane Lions vs Fremantle crowds turned up to the auction. We sold above reserve."
12:30: 14 CARRON COURT, RUNCORN - SOLD UNDER THE HAMMER FOR $1.105M
A four-bedroom brick house on 743 sqm in Runcorn has sold at auction for $100,000 over reserve, after 10 bidders registered to compete for the property.
Marketing agent George Yang of Ray White Rochedale said the biggest selling point was the renovation.
“It’s all been done, and at the moment, people want to be able to just move straight in and not worry about building or renovating,” Mr Yang said.
“The sellers did the renovation themselves, but have now decided to sell so they can build a new home. Meanwhile, the buyers, also a young family, are upsizing from a townhouse, they have a couple of kids so the pool will come in handy.”
2PM: 87 BOLAN ST, BULIMBA - PASSED IN FOR $1.366M
A four-bedroom, three-bathroom renovated family home in Bulimba is in negotiations after being passed in at $1,366,000.
Three bidders were registered for the on-site auction at 2pm, with an opening bid of $1 million.
Property agent Sarah Hackett of Place Estate Agents said the auction was busy and had a good turnout, with about 50 people attending.
“The property is in such a good little pocket in Bulimba,” she said.
“The auction was really busy…the property could be a good investment property due to dual living.
“There was one family and two younger couples interested in the property."
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