This home at 7 Stradbroke Cres, Springfield Lakes sold at auction on Saturday.
THE first auction weekend of spring started at 11pm on Friday night, with a pre-auction deal to avoid bank repossession in Acacia Ridge.
“The home was going to auction on Saturday but a lot of the buyers weren’t talking the right price,” Ray White Sunnybank Hills selling agent Yaz Richani said.
MORE PROPERTY NEWS
The Acacia Ridge home.
“It was a situation where the owner was literally going to give it away to the bank for nothing a few months ago. And then she contacted me and I told her I would sell it for a profit.”
A Brisbane investor made the $430,000 late night deal, which was $113,000 more than the owner paid for the home in 2007.
“The whole thing was a great relief for the owner.”
Further west in Springfield Lakes, one auction bidder wasn’t talking price at all, interrupting the auction of 7 Stradbroke Cres to ask about hail damage.
The Plantation Home at 7 Stradbroke Cres, Springfield Lakes.
“In the building and pest report there was a roofing specialist report about hail damage to the roof,” Harcourts Marketplace Oxley principal Sarah Bailey said afterwards.
“It might have been from that big hailstorm that came through here a few years ago. It was fully disclosed in the roofing specialist report but he’d only just seen the report and he obviously chose that time to ask that question.”
Harcourts chief auctioneer Christian Hamilton encouraged the bidder to read the report.
Inside the Plantation Home.
“There are 16 registered bidders here today, they’ve done their due diligence,” Mr Hamilton said. “We know it’s in great condition, we’re not looking to damage the spirits of everyone else here. It’s a quality home that’s for sure and when it comes to location, it’s arguably the best location in Springfield Lakes overlooking the bushland reserve.”
Ms Bailey left the auction to show the man the report while the remaining bidders took the home to a $1.26m sale, making it the top Springfield Lakes sale of the year and just $55,000 below the suburb record that was set during the boom in October last year.
“An auction of this size, with so many bidders, tells me that news that the market is crashing and no buyers are interested in property in Queensland is clearly not the case,” Ms Bailey said. “And it’s not a cheap property.”
But the same could not be said in Brisbane’s inner-north where no-one was able to bid under auction terms for a five-bedroom home on a large 820sq m block in Grange.
3 Myrtle St, Grange.
The crowd of around 30 at 3 Myrtle St, Grange were told the auction would not proceed and talks with conditional buyers would begin.
More than 70 homes went to auction across Greater Brisbane on Saturday, with a preliminary auction clearance rate from realestate.com.au of 45 per cent.
The post Hail damage, bank repossession feature in spring’s opening auction weekend appeared first on realestate.com.au.