Karla Lynch of Ray White New Farm and Aaron Woolard of Place New Farm talk with Ray White auctioneer Haesley Cush during the auction event. Picture: Debra Bela
RAY White Queensland boss Jason Andrew is moving to New Farm after picking up an ‘original renovator’ in one of the suburb’s best streets at auction on Saturday for $1.875m.
“It’s for me, I just sold an apartment of mine,” Mr Andrew said.
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The Moray St, New Farm house bought by Ray White Queensland CEO Jason Andrew.
The three-bedroom Moray St house was one of nine properties to sell in a $17m Ray White auction event at the Calile Hotel with 43 bidders among the auction day crowd.
Ray White New Farm principals Haesley Cush and Matt Lancashire during a pause in the Calile Hotel auction event.
“I’m not very good being on this side of things,” Mr Andrew said after the auction.
“I’m very bullish about the market, I just hate spending money.”
The Moray St auction saw rival real estate agents Ray White and Place work together on the sale with Ray White New Farm’s Karla Lynch partnering with Place New Farm’s Aaron Woolard after both expressed interest in selling the property for the owners.
“See we do play nicely,” Ray White auctioneer Haesley Cush said before accepting an opening bid of $1.7m.
The Moray St, New Farm property was marketed online as a Place auction but had Ray White New Farm agent Karla Lynch also representing the vendors.
Mr Andrew was the lead bidder when the auction paused to negotiate at $1.865m and he raised the bid by $10,000 which saw the property put on the market and sell.
Auctioneer Haesley Cush said it was nice to sell a property to the Ray White CEO.
“Yeah, the boss, never thought of him like … but everyone needs a home,” Mr Cush said.
“He’ll move straight in and eventually do a renovation.”
The kitchen at Moray St, New Farm
Mr Andrew’s new home is down the road from 76 Oxlade Drive which also sold at auction on Saturday in a $5.52m sale, the top result for the Ray White auction event.
76 Oxlade Drive, New Farm
While the historic Bulolo Flats at 9 McLachlan St, Fortitude Valley sold for the first time in four decades, fetching $2.21m.
9 McLachlan St, Fortitude Valley
“I loved that block of units because I look at it all the time and it went on the market at $1.85m and then carried on to $2.21,” Mr Cush said.
At the other end of the scale, a one-bedroom house on Sydney St, New Farm sold for $552,500.
Mr Cush said Brisbane is still seeing single digit growth despite the negative growth of Sydney and Melbourne’s markets. “Sydney and Melbourne had 10 years of double digit growth and we had nothing,” he said. “The only thing playing a role in this market is build costs, so with renovators, people are factoring that in.”
Three properties passed in at the auction event while two sold prior.
The event also encouraged all who attended to give to Hummingbird House, Queensland’s only children’s hospice, with Ray White raising $20,000 on Friday for the charity organisation.
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