WATCH LIVE! Brisbane auctions to watch this weekend

Keep an eye on the Brisbane property market in real time with our live auction coverage. 

39 Ellerslie Crescent, Taringa goes to auction at 10am.

Good morning Brisbane, we've got an action packed day of auctions today, starting in Kenmore and Paddington at 9am.

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

• Brisbane heads to auction with a 57% auction clearance rate from last weekend.

Live Updates

5:52 pm June 10, 2023

That's a wrap Brisbane!

Agent Michael Kleimeyer, the new owner and Judi O'Dea celebrating a good result today in Paddington

What a fantastic day of auctions across Greater Brisbane!

Here are some highlights from today:
– Real Estate agents are divided on the impacts of this weeks interest rate rise with some believing the markets success is due to the lack of stock.
– A six-bedroom, three-bathroom home in Westlake has sold under the hammer for $1.495m, with a whopping 15 bidders.
– A five-bedroom, three-bathroom property in Taringa has sold under the hammer for $2.8m after a successful campaign.

The live stream will continue and we'll be with you next weekend.

5:42 pm June 10, 2023

23 Richmond St, Chelmer

23 Richmond Street, Chelmer Agent: Peter May – Place Estate Agents, Graceville

A three-bedroom, one-bathroom home at 23 Richmond Street, Chelmer on a 612sq m block has sold under the hammer for $1.5m, with an opening bid of $1m.
The auction had 12 registered bidders.
Property agent Peter May from Place Estate Agents, Graceville said the auction had an incredible atmosphere with a crowd in excess of 100 people.
"I think what was great was the crowd that was there, the property is in a very nice spot, a lot of locals were very interested.
"I'm absolutely thrilled with the result, it's always nice to have the sellers entrust you with a sale, they were thrilled with the process and got fantastic news today."

23 Richmond Street, Chelmer

Mr May said the new owners were from Brisbane and didn't think there was much concern with the recent interest rate rise.
"Good properties in good locations will get great results, he said.
"What we've seen is there's certainly buyers in demand, people just want to buy a home and with listings down to what they are regularly there is strong competition".

5:10 pm June 10, 2023

Red Hill property passes in, agent blames interest rate rise

36 Wellington Road, Red Hill Agent: Jamal Naouri – Place Estate Agents, Camp Hill

A three-bedroom, two-bathroom townhouse at 36 Wellington Road, Red Hill has passed in at $950,000 with no registered bidders.
Property agent Jamal Naouri from Place Estate Agents, Camp Hill said the interest rate rise influenced the result today.
"The buyers motivation has dropped from 100 to 0", Mr Naouri said.
"Since the interest rate went up, it's been the tipping point for some buyers.
"I feel like the market is like going on a rollercoaster, we were on the top, Tuesday happened and we've come right down.

Mr Naouri said he didn't think the prices were going up in the Brisbane property market.
"The prices have not reached what they were pre-covid yet, they went up during 2021-2022, since then the prices have either dropped or remained stagnant.
"Regardless of the stock supply across Brisbane it means absolutely nothing if you're going to lose $200,000.
"It's unfortunate for some buyers they're getting hit by a double edged sword of the rent increases and their capacity of borrowing.
"Sellers don't care, they'll just put the property's they can't sell on the rental market."

4:39 pm June 10, 2023

Bulimba stunner passes in at $2.15m

4/24 Riddell St, Bulimba Property agent: Matt Hackett, Place Estate Agents Bulimba

A three-bedroom, two-bathroom apartment with sweeping views of Brisbane CBD at 4/24 Riddell Street, Bulimba has passed in at $2.15m, with an opening bid of $1.85.
2 registered bidders took part in the auction hoping to get the keys to this stunning Bulimba residence.
Auctioneer Sam Kelso said "What an opportunity this property is…it's just views, views, views".

4/24 Riddell St, Bulimba

Property agent Matt Hackett from Place Estate Agents Bulimba said he thinks the result today was strong for the market.
"You can look at the view and see what's on offer here, the process has got us a few people we can work with and a couple of people after which can take conditions", Mr Hackett said.
"The property market still defies to sell quite well, when you look at the global financial crisis, this area has still transactioned quite a lot of sales, people want to live on this peninsula".

3:48 pm June 10, 2023

Local investor snaps up Kingston property

1 Woody Ave, Kingston Agents: Rebecca Cuderman and Riah Manser, Ray White Marsden

A three-bedroom, two-bathroom home at 1 Woody Ave, Kingston sold for $470,500 with 13 registered bidders.
Property agent Rebecca Cuderman from Ray White Marsden said there was fierce competition for the corner block.

1 Woody Ave, Kingston

"The property has lots of potential with granny flat or duplex options for buyers, Ms Cuderman said.
"Anytime we list properties that can be renovated or have potential for value add, buyers are very interested."
“It was bought by a local investor, snapping it up to renovate.”

3:39 pm June 10, 2023

Home sells for $1/495m at 'Busy' Westlake auction

16 Amadeus Place. Westlake Agent: Leo Liu NGU Real Estate

A six-bedroom, three-bathroom home at 16 Amadeus Place. Westlake has sold under the hammer for $1.495m, with a whopping 15 bidders.
Property agent Leo Liu from NGU Real Estate said it was a very strong auction.
"It sold for above our expectations, basically at market value", Mr Liu said.
"It was one of the busiest auction that we've held this year, 11 bidder pre-registered prior to the auction".

16 Amadeus Place. Westlake

Mr Liu said he thinks that the interest rate rise will have an affect on the property market but not straight away.
"It's a fundamental thing when we have such a short supply it pushes the buyers to compete with limited options, if that changes we might see a change in the market", he said.

2:28 pm June 10, 2023

Cannon Hill property passes in with 9 registered bidders

46 Shelley St, Cannon Hill Property agent: Meagan Muir, Place Estate Agents Bulimba

A three-bedroom, one-bathroom property at 46 Shelley St, Cannon Hill has passed in with negotiations under way.
The auction had nine registered bidders.
Property agent Meagan Muir from Place Estate Agents Bulimba said despite the result she was confident the property would sell in the next seven days.
"It's a strong result having 9 registered bidders in the current climate", Ms Muir said.

46 Shelley St, Cannon Hill

"We're in negotiations at the moment, it'll sell in the next seven days or so.
"I think prices across Brisbane will remain stable, the short supply and high demand seems to be determining the market at the moment".

2:08 pm June 10, 2023

121 Brandon Rd, Runcorn

121 Brandon Rd, Runcorn Property agent: Alex Stevenson, LJ Hooker Sunnybank Hills & Mt Gravatt

A three-bedroom, one bathroom property at 121 Brandon Rd, Runcorn has sold for $790,000 with the opening bid not disclosed by the agent.
Nine registered bidders participated in today's auction.
Property agent Alex Stevenson from LJ Hooker Sunnybank Hills & Mt Gravatt said he was happy with todays result.

121 Brandon Rd, Runcorn

"A really good result overall, happy buyers, happy seller", Mr Stevenson said.
"There is very little supply in the market at the moment and that's why the prices are remaining consistent across Brisbane.

1:41 pm June 10, 2023

5 Gort Crescent, Stafford

5 Gort Crescent, Stafford Property agent: Nicholas McLauchlan, Ray White Wilston

A three-bedroom, one-bathroom home at 5 Gort Crescent, Stafford sold under the hammer for $1.055m with an opening bid of $975,000.
There were 12 registered bidders eying their slice of the Brisbane property market.
Property agent Nicholas McLauchlan from Ray White Wilston said todays result was a good one.
"It was a great result, the owners are happy", Mr McLauchlan said.
“We had 143 inspections throughout the campaign, there was above 3-4 offers received prior to auction.

5 Gort Crescent, Stafford

"The buyers are still confident, the interest rate hike hasn't dampened the spirits of the buyers".
According to PropTrack the median house price for Stafford from June 2022 to May 2023 is $895,000 down 7.7% in growth in the last year.

1:25 pm June 10, 2023

21 Desoto Place, Forest Lake

21 Desoto Place, Forest Lake Property agent: Saaed Moghaddam, Brisbane Real Estate

A five-bedroom, three-bathroom property at 21 Desoto Place, Forest Lake has sold under the hammer for 1.177m with an opening bid of $950,000.
10 registered bidders took part int he auction.
Property agent Saaed Moghaddam from Brisbane Real Estate said it was a great result.

21 Desoto Place, Forest Lake

"The weather was great, there was around 50 people at the auction, bidders were coming from all over the place", Mr Moghaddam said.
"With the interest rate rises you can see the stress within the buyer, their borrowing capacity has dropped and I personally think that the shortage is the main driver of why the property market's prices are still rising, which is unusual considering the circumstances".