LIVE AUCTIONS: Maroochydore apartment almost doubles in sale price since 2014

A three bedroom, two bathroom apartment in Maroochydore has sold under the hammer for almost fifty per cent more than it sold in 2014. FIND OUT HOW MUCH

3/73 Sixth Avenue, Maroochydore Agent: Liam Sarich and Reuben Park, Ray White Maroochydore

Good morning South East Queensland, we've got an action packed day of auctions today. Here are some results from across Brisbane, Logan, Sunshine Coast and Gold Coast.

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 South East Queensland.

LIVE BLOG

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

Live Updates

3:28 pm January 27, 2024

Maroochydore apartment almost doubles in sale price since 2014

3/73 Sixth Avenue, Maroochydore Agent: Liam Sarich and Reuben Park, Ray White Maroochydore

A three bedroom, two bathroom apartment at 3/73 Sixth Avenue, Maroochydore sold under the hammer for $1.1 million, up almost fifty per cent since it sold in 2014 for $570,000.
The auction opened with a bid of $900,000.
30 keen eyed locals gathered, with four active bidders.

Apartment has almost doubled in value since 2014

Property agent Liam Sarich from Ray White Maroochydore said the nearest sale in the building was $950,000 a year ago. A $150,000 surge.
“There’re a lot of sellers right there, so if you are a seller, it’s a really great time to get engaged and capitalise on that,” Mr Sarich said.
“What we’re seeing is quite low stock in the market and a lot of buyers, so the buyers are being forced into situations where they’re paying maybe a little more.”

3:11 pm January 27, 2024

Lawnton home sells for $890,000

David Bonaddio

49 Akers Road, Lawnton Agent: Mario Rossi and Rosana Ponte, Image Property

A four-bedroom, two-bathroom home at 49 Akers Road, Lawnton has sold under the hammer for $890,000 with an opening bid of $750,000.
The home is positioned on 1,425sq m.
Three bidders registered to take part in the auction.
Property agent Mario Rossi from Image Property, Brisbane Northside said the property had a fairly good campaign.

The home is positioned on 1,425sq m.

"The only complication this one had was we have a lease in place till December," Mr Rossi said.
"We had some interest post auction there would be further offers on the table if we can remove the tenant before December.
"The property market has lots of activity at the moment. We have lots of active buyers who feel comfort in moving forward in this market. I would say the market now is stronger than it was mid to late last year now that interest rates have levelled."

3:00 pm January 27, 2024

Couple buys Buderim renovator for $872,000

3 Alfriston Drive, Buderim Agent: Will Van den Dungen, Ray White Kawana

A couple has purchased a three-bedroom, one-bathroom home at 3 Alfriston Drive, Buderim at $872,000 after a fierce competition between three bidders.
Set on 1000sq m, property agent Will Van den Dungen from Ray White Kawana said the house is perfect for renovations.

The house has been kept in its original condition and is ready to be renovated

“The property is quite old and original and is going to be an exciting base for the new local couple to renovate,” he said.
“I had 100 people through the property so unfortunately there’s still (an) overweight demand than the supply we’ve currently got.”

1:50 pm January 27, 2024

Prestige Noosa Waters home passes in despite strong crowd

23 Sternlight Street, Noosa Waters Agent: Grant Hoffman from Hangloosa Property Noosa

A four-bedroom house at 23 Sternlight Street, Noosa Waters has passed in at its opening bid.
Property agent Grant Hoffman from Hangloosa Property Noosa said there were around 20 to 25 bidders at the auction.

The auction opened with a bid of $3m

“We started around (an opening bid) of $3m at the auction, and no one put their hands up, but we had a lot of people there,” he said.
"We’ll still be discussing with the seller at this point in time exactly what price would be put on, but by Monday, you’ll see a price put on the property.”

1:41 pm January 27, 2024

Morningside townhouse sells for $885,000 amid strong start to year

6/24 Rogoona Street, Morningside

A three-bedroom, two-bathroom townhouse at 6/24 Rogoona Street, Morningside has been sold under the hammer at $885,000.
The property was sold by Dion Tolley from Place Bulimba, around 18 per cent higher than the market median.

The townhouse market is performing strong across Brisbane at the moment

Mr Tolley has enjoyed a string of townhouse success this week after selling another three-bedroom townhouse at 4/18 Berge Street, Mount Gravatt for $875,000 on Monday, prior to the scheduled auction.
The Mount Gravatt campaign saw 47 groups, 11 offers, sold cash unconditional, scoring 20% higher than other comparable sales
“The first open home of both properties had 60 groups, which was quite surprising, so across the campaigns we probably had in excess of 100 people over a three week period,” Mr Tolley said.

4/18 Berge Street, Mount Gravatt Agent: Dion Tolley Place Bulimba

Mr Tolley explained that townhouses are attracting a huge range of buyers from first home buyers, second home purchasers, locals who would like to downsize and investors.

4/18 Berge Street, Mount Gravatt sold prior to scheduled auction.

“When you've got four demographics of people all competing for the same property, you're always going to have an increase of open home attendees, multiple registrations, and auctions or multiple offers on the table,” he said.

1:25 pm January 27, 2024

Benowa home sells under the hammer for $1.045m

136 Bamboo Avenue, Benowa Agent: Tim Grevell, Ray White Benowa

A four-bedroom, two-bathroom home at 136 Bamboo Avenue, Benowa was sold under the hammer for $1.045m with an opening bid of $800,000.
There were six active bidders at the auction with two bidders battling it out at the end of the auction.
Property agent Tim Grevell from Ray White Benowa said the auction was very competitive and the property market was looking strong for the year ahead.

A young family from Perth are set to move into the home.

“The auction went really well with a young family moving from Perth buying the property,” Mr Grevell said.
“There have been some stellar auctions this weekend with our Ray White Event on the Gold Coast.
“The property market in 2024 looks very strong with properties like this getting sold at a great price.”

1:21 pm January 27, 2024

Fig Tree Pocket prestige home passes in for $4.5m

287J Kenmore Road, Fig Tree Pocket Agent: Jason Adcock, Adcock Prestige Queensland

A four-bedroom, four-bathroom prestige home at 287J Kenmore Road, Fig Tree Pocket has passed in the auction at $4.5m with an opening bid of $3.7m.
There were three registered bidders, with 70 people at the auction.
Property agent Jason Adcock from Adcock Prestige Queensland said the owners were not satisfied with the offers and the Brisbane property market should be looking better in next 12 months.

The vendor was hoping for a higher result and opted to pass the property in

“The offers were good but not good enough to satisfy the owner, hence it was passed in,” Mr Adcock said.
“In regards to the Brisbane property market, we will be looking at a median price rise by 7-8 per cent, as it was 13.2 per cent from Jan 2023 to Jan 2024.”
“There is a lot of response from a lot of overseas buyers and interstate migrators in the properties around.”
“Brisbane will probably do fairly well in the next 12 months in comparison to other cities like Melbourne and Sydney.”

1:16 pm January 27, 2024

Broadbeach Waters home passes in for $1.7m

24 Boongala Road, Broadbeach Waters Agent: Daniel Frincu, Lucy Cole Prestige Properties

The four-bedroom, three-bathroom home at 24 Boongala Road, Broadbeach Waters was passed in the auction for $1.7m with an opening bid of $1.35m.
There were three active bidders during the auction.
Lead agent Daniel Frincu from Lucy Cole Prestige Properties said the auction was going well but the vendor wasn't happy with the bids.

The vendor was hoping for a higher offer

“The auction was passed on because the owner is looking at an offer near $1.9m,” Mr McNamara said.
“The auction was going in a strong direction but was not successful in the end with the last bid at $1.7m.”
The property offers extra accommodation for extended family, a home office or studio, or a source of rental income,

1:09 pm January 27, 2024

Palmwoods home passes in for $750,000

24 Rainbird Court, Palmwoods Agent: Dan McNamara, Ray White Kawana

A four-bedroom, two-bathroom home at 24 Rainbird Court, Palmwoods has passed in for $750,000 with an opening bid of $650,000.
There were two active bidders during the auction.
Property agent Dan McNamara from Ray White Kawana said the vibe at the auction was very strong, with very determined bidders.

“The auction was going well with both the bidders going on with unspirited and competitive bidding,” Mr McNamara said.

“The auction was going well with both the bidders going on with unspirited and competitive bidding,” Mr McNamara said.
“However, the auction felt short of their expectations and hence passed in.
“The property market is looking relatively stable but the expectations are misaligned with the properties on the market.
“If you can afford to buy the property on the day of the auction, you are in the clear.”