WATCH LIVE! Brisbane auctions to watch this weekend
We’ve live-streamed the top property auctions across South East Queensland and you can catch up on them right here. SEE REPLAYS
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See how the local market is responding to the first rise in official interest rates in 11 years with our live auction coverage, starting at 9AM.
SEE THE AUCTION LINE-UP BELOW
We’re following award-winning auctioneers Justin Nickerson, Paul Curtain, Peter Burgin, and David Holmes across Greater Brisbane, with auctions including a Seven Hills home that is the most viewed property heading to auction across Queensland this week.
REPLAY: PASSED IN AT $1.05M – 2 Waratah Ave, Holland Park West
At least 40 buyer groups have inspected this home during an auction campaign that was extended by a week due to a clash with the Labour Day long weekend.
Place selling agent Eliza Schultz says young couples, first-home buyers, Sydney investors, and second-home buyers moving out of a townhouse or apartment are expected at the auction which will be held at the front of the home or on the large back deck if it’s raining.
“This is a well-kept character home,” Ms Schultz says. “It’s been painted and has polished floorboards. The owners closed in the veranda around the side, renovated the kitchen in keeping with the character of the home, and put on a deck.”
The property has been held for 12 years. Agents: Eliza Schultz and Mikaela Crone, Place Bulimba; Auctioneer: Paul Curtain
REPLAY: 9 Equinox St, Taringa – sold for $1.085M
Young couples and investors are interested in this house which has been an investment property for the current owners since 2017.
“They actually bought it from me and we managed the property for them and now I am selling it again. It’s the trifecta,” selling agent Byrony O’Neill says.
The house has been refreshed for sale with interiors painted, a new stove and rangehood added, and herbs planted in the backyard.
Ms O’Neill says the first interest rate rise in 11 years is causing some buyers to pare back what they are prepared to spend on a house in the hope that sellers will also readjust their reserve prices.
“But it’s a supply and demand industry and while supply remains low, it’s going to be that prices will remain quite strong,” she says. “No one is really saying too much about the election.” Agent: Byrony O’Neill, O’Neill Estate Agents; Auctioneer: Justin Nickerson
REPLAY: 44 Temple St, Coorparoo – PASSED IN AT $900k
Six properties sold on Temple St last year, ranging from $905,000 to $2.2m, property data shows.
This home, with its striking red colour scheme is entry level buying in the suburb.
Flash flooding from the recent floods saw 70cm of stormwater underneath the home but the house itself remained high and dry and the garden has made a complete recovery ahead of Saturday’s auction. Agents: Shane Hicks and Antonio Puopolo, Place Bulimba; Auctioneer: Paul Curtain
REPLAY: 17 Almavale Street, Carindale – sold for $1.984m
Carindale is an auction hot spot this week with seven properties heading under the hammer including this architecturally-designed home that last sold in 2016.
“Interest in this home is all from local buyers, all within the inner east of Brisbane,” Torres Property’s Will Torres says.
The sellers have renovated the 1980s-built home, adding a pool and landscaping and they are now downsizing. Agent: Will Torres, Torres Property Coorparoo; Auctioneer: David Holmes
REPLAY: 5 Phalerum Ave, Seven Hills – SOLD FOR $1.65m
The most popular property heading to auction this week is this Seven Hills home that ticks the boxes for young families, executive couples and downsizers.
“This is going to be a cracker of an auction,” Place Bulimba selling agent Shane Hicks says.
“It’s a very well presented, thoughtfully renovated family home which is ideal for young families.
“It actually doesn’t suit people with older kids because the bedrooms are close together.”
The property has had more than 90 groups of buyers through open homes ahead of Saturday’s auction. Agents: Shane Hicks and Antonio Puopolo, Place Bulimba; Auctioneer: Paul Curtain
REPLAY: 67 Mar St, Holland Park – Sold for $1.256m
After two weeks on the market, 10 open homes, and 90 inspections, Ray White Holland Park’s Sim Gill is expecting a large buyer turnout for this auction, with at least six pre-registered bidders.
“It’s been pretty aggressive,” he says.
“There’s been a cooling off in the market but the buyers are still out there. You have to work the listing a bit harder, putting in a bit more work and giving buyers more opportunity to view the home.”
Ray White sold nearby 22 Mar St in December for $1.2m which is the current street record.
“The main selling point here is the land, 680sq m of flat, usable land and a really tidy house,” Mr Gill says.
The sellers have lived here for 12 years and installed a brand new kitchen six months ago, complete with a $10,000 oven. Agents: Sim Gil and Piers Crawford, Ray White Holland Park; Auctioneer: Justin Nickerson
4PM – 27 Margate St, Mount Gravatt East – 3 Bed / 1 Bath / 2 Car on 647sq m
There’s an expat investor from Hong Kong who’s hoping this property passes in at auction so they can snap it up straight afterwards.
“There’s a few investors interested actually, about 25 per cent of the interest and most are local,” Place Woolloongabba selling agent Jess Roser says.
Thirty groups have inspected the home during the short two-week campaign.
The sellers have lived here for six years and completed a ‘neat and tidy’ renovation over that time, to include a rear deck.
A work transfer to Tasmania has them selling the house and they were in Tasmania this week looking for a rental.
“The rental market is tight down there too and they are actually wondering if they should buy rather than rent.” Agents: Jess Roser and Andy Chen, Place Woolloongabba; Auctioneer: Peter Burgin