Family home stuns at one of Saturday’s most active bidding wars

This suburban home saw one of the weekend’s most active bidding wars, with all 10 registered bidders fighting furiously to buy it.

A four-bedroom, two-bathroom home in Clayfield sold at one of the weekend’s most active auctions, with a crowd watching all 10 registered bidders fight tooth and nail for the property.

Ray White Bridgeman Downs agent Sonya Treloar said the property at 113 Oriel Rd had seen a lot of buzz through a “very healthy campaign”, which brought more than 60 people to the auction on the Saturday morning.

“I believe this home was so popular and the reason is it’s situated in such a good area of Clayfield; it’s very accessible to schools, to shops and eateries,” she said.

“I think it’s a low-maintenance home, it’s very safe and in a great area, leafy green and north facing.”

113 Oriel Rd, Clayfield

When bidding began at $1.4 million, every one of the registered bidders actively took part, feeling they all had a shot to get their hands on the home.

Ms Treloar described the bidding as “lively”, with offers rising by $50,000 at a time as the price went up by $500,000.

“It was fierce,” she said. “Very lively, everyone’s just going back and forth.”

“It was quite competitive. A few of the buyers dropped out under $2 million, and then it started up again – it was great to watch.”

Around 57 groups had attended the event that morning, making more than 60 people watching the auction in person.

Once the price of the home grew closer to $2 million, offers started to rise by $25,000, then $10,000 – until two competitors were left who “just wouldn’t give up”, soon bidding with rising offers of $500-$5000.

When the dust settled, the home finally sold for $2,132,500.

Potential buyers included investors and owner-occupiers, with the home finally going to an older woman who intended to live there.

The home sold for more than $2 million, to a woman who hadn’t yet stepped foot on the property herself.

Ms Treloar said the downsizing vendors were very happy to see the smashing success for the home they were selling.

“They were on the phone listening in, but they were very excited an owner-occupier bought it,” she said.

The new owner had not been in the house in person, but was moving to Brisbane to be with family, with her son bidding on her behalf.

Originally published as Family home stuns at one of Saturday’s most active bidding wars