This property at 39 Avis Place, Pullenvale was one of the star performers at auction on the weekend.
Queensland’s auction market is the hottest in Australia at the moment and there’s another auction blitz on the way.
The state’s auction record has been broken with the $16.45m sale of a Noosa Heads property, making it the richest auction sale in the country for the week.
READ THE FULL STORY HERE
In Brisbane’s southeast, a Coorparoo townhouse registered more bidders than any other property in Australia on the weekend when 47 people lined up to buy the rare sub-$1m offering. Ray White Indooroopilly agents showed 250 people through 1/106 Mackay St, Coorparoo ahead of the auction and it sold for $602,000, which was $82,000 above the seller’s reserve price.
The two-bedroom townhouse at 1/106 Mackay St, Coorparoo that sold at auction through Kirrilli Cobley and Jessica King of Ray White Indooroopilly – King & Cobley.
In Brisbane’s outer west, the $6.6m pre-auction sale of a Pullenvale home was the richest sale across all capital city auction campaigns for the weekend. The home at 421 Grandview Rd, Pullenvale, was formerly owned by failed billionaire Nathan Tinkler.
This property at 421 Grandview Rd, Pullenvale sold through Matt Lancashire and Hamish Bowman of Ray White New Farm.
MORE PROPERTY NEWS
The Brisbane properties that earn $20,000 more than their owners
Across town, four Brisbane bidders took a Federation house at 1 Inverness St, Ascot to auction where it sold for $5.5m. The home on 1330 sqm had been redesigned by the team behind the iconic Queen’s Wharf Brisbane project.
This house at 1 Inverness St, Ascot sold at auction through Matt Lancashire and Annette Richards of Ray White New Farm.
On Sunday, 39 Avis Place, Pullenvale, newly-built by the grandson of pioneering Brisbane Mayor and builder Thomas Rees, sold under the hammer for $5.6m with two registered bidders involved.
This property at 39 Avis Place, Pullenvale sold at auction through Jason Adcock of Adcock Prestige.
The previous weekend, agents in Brisbane’s south ran out of bidding paddles for a deceased estate in Coopers Plains which sold for $821,000 with more than 30 bidders present, while Place Estate Agents has recorded three consecutive weekends where average bidder numbers have exceeded 16 per property.
Homes under $1m continue to pull the largest number of bidders, however a prestige auction event hosted by Ray White New Farm on Saturday showed great bidder depth in the $3m-plus market, with 16 registered bidders from Sydney, Melbourne, Perth and Brisbane taking 78 Coventry St, Hawthorne to auction where it sold for $3.635m to a local family.
The most popular home that went to auction on the weekend was 78 Coventry St, Hawthorne.
With an 84 per cent clearance rate from more than 100 properties that went to auction across Greater Brisbane on the weekend, Brisbane’s property market is showing signs of moving into another peak period.
In two weeks’ time, Brisbane will head into a mega auction weekend, with Place Estate Agents headlining a three-day auction blitz from October 22-24 which will see as many as 170 properties head under the hammer, with Place to sell 60 of them.
BRISBANE’S TOP WEEKEND AUCTION RESULTS
421 Grandview Rd, Pullenvale – Sold prior for $6.6m
39 Avis Place, Pullenvale – $5.6m
1 Inverness St, Ascot – $5.5m
78 Coventry St, Hawthorne – $3.635m
17 McGregor St, Clayfield – $2.81m
83 Gold Creek Rd, Brookfield – $2.625m
26 Vakuta St, Fig Tree Pocket – $2.4m
70 Abbott St, Ascot – $2.3m
69 Margate St, Margate – $2.255m
188 Virginia Ave, Hawthorne – $2.05m
The post 47 bidders, top auction price in Australia – Queensland property market on fire appeared first on realestate.com.au.