AUCTION LIVE: 'Buyers coming out with purpose' amid sizzling market

Chief auctioneer from Place Estate Agents, Peter Burgin weighs in on the Brisbane property market amid sizzling results across the city. WATCH THE VIDEO

Good afternoon Brisbane, we've got an action packed day of auctions today, starting in starting in Stafford 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 51% auction clearance rate from last weekend.

Originally published as AUCTION LIVE: 'Buyers coming out with purpose' amid sizzling market

Live Updates

11:09 pm February 3, 2024

McDowall home sells for $1.18m to a young couple

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68 Raven St, McDowall. Agent: Mario Rossi

A four-bedroom, three-bathroom home at 68 Raven St, McDowall was sold under the hammer for $1.18m to a young couple.

There were three registered bidders during the auction.

Real estate agent from Image Property Brisbane Northside said the people are more concerned about repayments rather than the price.

"Today people are commenting more on ‘what are my repayments’ not so much on the price," Agent said.

A generous 641sqm fenced yard, a canvas for creating your outdoor dreams.

"I think cost of living is hitting hard on people."

The home is perched on a high cul-de-sac, the location presents stunning vistas of the D'Aguilar range.

Next to the property lies a captivating 32.6-hectare reserve. It boasts tree houses, custom slides, and a mosaic hopscotch, creating a charming communal space for leisure and enjoyment.

10:55 pm February 3, 2024

Young family score the keys to Parkinson home for $1.285m

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19 Glenelg Pl, Parkinson. Agent: Owner and Lead Agent Cheryl Paradise, Paradise Property Sales & Consultants

A four-bedroom, two-bathroom home at 19 Glenelg Pl, Parkinson was sold under the hammer for $1.285m to a young family.

There were seven registered bidders during the auction.

Owner and Lead Agent Cheryl Paradise at Paradise Property Sales & Consultants said the auction was neck and neck with bidders competing fiercely.

This luxurious residence seamlessly blends contemporary elegance with exceptional outdoor entertaining opportunities.

The adjoining, spacious air-conditioned casual meals and family zones blend seamlessly to create a relaxed environment for family conversation and casual living.

The home is situated on a spacious 806sqm lot in a serene cul-de-sac, the single-level home within the Stretton School catchment boasts high ceilings and a bespoke design, ideal for relaxed gatherings.

Features in the property include a gourmet kitchen, expansive living areas, media room, four bedrooms, lush garden, three-car garage, and numerous amenities, promising comfortable living and memorable experiences.

10:40 pm February 3, 2024

Red Hill townhouse sells for a whooping price of $1.3m

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5/48 Addison St, Red Hill. Agent: Judi O’Dea, Ray White Paddington

A three-bedroom, two-bathroom townhouse at 5/48 Addison St, Red Hill was sold under the hammer for $1,307,500.

There were six registered bidders during the auction.

Sales Agent Judi O’Dea at Ray White Paddington said the property was sold under the hammer after two pauses for negotitation.

The property is a welcoming, spacious townhouse. The open-plan living area boasts a well-lit ambiance, a top-tier kitchen with Smeg appliances, Corian stone countertops, and a relaxing courtyard.

5:40 pm February 3, 2024

Wavell Heights compact home under negotiation at $1.9m

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15 Wade Street, Wavell Heights. Agent: James Curtain, Director at Place Woolloongabba

A five-bedroom, three-bathroom quality living home at 15 Wade Street, Wavell Heights is under negotiation around the $1.9m mark with an opening bid of $1.7m.

The auction had five registered bidders and saw a massive response during the campaign.

Director at Place Woolloongabba James Curtain said the campaign was solid with a massive response from people.
“The campaign was a great success, we had about 75 groups coming through the doors and saw a solid bidding at the auction,” Mr Curtain said.

The home has a beautiful backdrop of greenery and filled with the tranquil sounds of the water feature, the alfresco area presents a private entertaining retreat, perfect for lounging by the pool and enjoying winter fire pits, summer swims and Christmas parties.

“The most standout feature about the property is how they have accommodated such features like the pool, entertainment area, garden and rooms so beautifully.”

Mr Curtain said the Brisbane city has a golden decade ahead of it with rapid constructions and development opportunities.
“The property market in Brisbane is in for a golden decade on the basis of how the construction and development is happening, turning into the international city,” he said.

Providing additional living space, the downstairs media room is ideal for movie nights, and the upstairs lounge and study are great for kids or working from home.

“However the supply of stock is low and demand is higher at the moment but it should all consolidate in the coming years.”
“The properties in Brisbane and around have started to appeal to families from outside to live and even Ex-Australians and international buyers are looking to buy the properties.”

4:55 pm February 3, 2024

28 bidders battle it out for Wishart federation home

David Bonaddio

7 Cotswold Place, Wishart Agent: James Austin, Ray White Mount Gravatt

A four-bedroom, two-bathroom home at 7 Cotswold Place, Wishart has sold under the hammer for $1.602m with an opening bid of $970,000.
The low-set federation home within the coveted Sovereign Gardens Estate saw 28 bidders battle it out for the keys to the Wishart residence.
Property agent James Austin from Ray White Mount Gravatt said it was an excellent result.
"Where the property is located is in a really secluded estate. We're used to having a good amount of interest based on how the property market is at the moment but this was exceptional," Mr Austin said.

A whopping 28 bidders cast their eyes on the property.

"I think if stock remains this low and this tight there will be definitely more increases in price.
“The new buyers are local. We have another property with 220 groups, in Upper Mount Gravatt, it's really going off.
Mr Austin said his advice to prospective buyers is to do their research.
“To do some relevant recent research and ask agents options on what’s happening in the suburb. Every area has different mini markets so it’s good to know what’s happening.

4:52 pm February 3, 2024

A well maintained Virgina home sells for $1.230m

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23 St Vincents Road, Virginia. Agent: Susie Braithwaite, Place Graceville

A three-bedroom, one-bathroom home at 23 St Vincents Road, Virginia was sold under the hammer for $1.230m after an opening bid of $950,000.

There were 18 registered bidders and nearly 34 groups attending the auction.
Lead Agent Ms Susie Braithwaite from Place Graceville said the campaign went well and the property market looks confident.
“The campaign had very good numbers through the door with the property having a very well maintained character,” Ms Braithwaite said.

Comfortable accommodation comprises three bedrooms, each exuding its own unique character.

“The property market looks confident with the start we have had to the year and Brisbane will be a standout city in comparison to others.
“There has been a sudden increase in interstate migrations and international buyers looking to buy properties.”

4:19 pm February 3, 2024

Eagleby house with huge outdoor entertainment area sells for $765,000

41 Bower Road, Eagleby. Agent: Paul Penklis, Ray White Beenleigh

A four-bedroom, two bathroom house at 41 Bower Road, Eagleby has been sold under the hammer at $765,000.

Up from $500,000, nine registered bidders actively competed for the newly renovated home and the extras, including a spacious outdoor entertainment area.

Located at one of the most affordable suburbs in Greater Brisbane, property agent Paul Penklis from Ray White Beenleigh said 32 groups had viewed the corner block in the 11 days before the auction.

A garden shed and three bay car spaces at the front provide additional storage and parking options

”The inspection number was quite strong,” Mr Penklis said.

“It’s hard to find four-bed(room), two-bath(room) properties sometimes, especially at an affordable price."

“It was also one of those homes people fell in love with very quickly.”

4:14 pm February 3, 2024

Camp Hill red brick home attracts 200+ buyers

125 Indus Street Camp Hill. Agent: Dion Tolley, Place Bulimba

A four bedroom, two-bathroom house at 125 Indus Street, Camp Hill has been sold under the hammer at $1.575m to an investor family.
With a predicted selling price by the outgoing owner at $1.3m, the house built in 1981 reached the expectation at its opening bid.
Fifteen registered bidders pushed the price for the one-storey house to $1.575m, slightly higher than the suburb median.
Property agent Dion Tolley from Place Bulimba said its red brick exterior has attracted a whopping 131 groups of buyers for inspection, contributing to more than 200 potential buyers.

Glass sliding doors open out to a generous covered patio, which lends itself to al fresco meals, barbecues and afternoon drinks.

“Investors love those types of properties because they are not traditional Queensland weatherboard properties,” Mr Tolley said.
”They’re considered to be low maintenance and that’s why they serve as great investment properties.”

4:11 pm February 3, 2024

Sydney siders score leafy Nundah home for $1.339m

David Bonaddio

2 Lemnos Street, Nundah Agent: Nicholas Given, Ray White Clayfield

A three-bedroom, one-bathroom home at 2 Lemnos Street, Nundah has sold under the hammer for $1.339m.
10 bidders registered to take part in the auction with one lucky buyer from Sydney scoring the keys.
Property agent Nick Given from Ray White Clayfield said he was happy with the strong result today.
"These properties in the $1m to 1.5m mark are really popular at the moment. This particular property was on a nice corner block in leafy pocket of Nundah. It was a realistic reserve.

The home was snapped up by a Sydney buyer who flew in especially for the auction.

"Sydney siders purchased the home, they flew in today and weren’t going to miss out on the opportunity, they flew into buy.
"Sydney buyers they look at the prices in Brisbane as quite affordable. I recognise it's not fun for those who just miss out, at the end of day though we're trying to get the best result for our sellers."

A strong turn out to the Nundah auction.

Mr Given said Ray White Collective has seen a 100 per cent clearance rate so far this year.
"There’s a 24 per cent increase in open attendees. The numbers don’t lie it’s busier than it was last year," he said.
"Stock is still really tight, when an owner goes to market and they do everything right. Owners are capitalising on the market, I don’t see it changing in the next 12 to 18 months."

4:08 pm February 3, 2024

Norman Park home perfect for down sizers sells for $1.43m

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99 Brentnall Street, Norman Park. Agent: Carla Haddan, Place Bulimba

A three-bedroom, two bathroom home at 99 Brentnall Street Norman Park was sold under the hammer for $1.43m after an opening bid of $1.25m.
There were seven registered and two active bidders during the auction with 80 people as the crowd.
Lead Agent Carla Haddan from Place Bulimba said the campaign was very busy and a lot of interest from the downsizers in the property.
“The campaign was very busy and we saw 120 people through the door, a lot of downsizers considering buying the small home,” Ms Haddan said.
“The best part of the property is the beautiful wrap-around balcony with a view of Brisbane City and The Gabba .”

The vast open interiors are anchored by polished hoop pine floors and all the adored traditional favourites feature throughout.

“The property is perfect for downsizers, who don't want to look after big gardens or big areas, hence a perfect fit.”
Ms Haddan said the lifestyle has seen a change around Brisbane with people looking to relocate from different states and South-East Queensland has seen a major revamp.
“A positive outlook on the SEQ in terms of the property market, especially during the campaign, the team had 4-5 auctions which were totally sold out,” she said.

The layout is oriented around bringing people together with peaceful suburban and city glimpses.

“Their lifestyle is gravitated by people now as a lot of people are looking to downsize and infrastructure happening in SEQ, pushing the families to relocate because of the weather and property to Brisbane.”