A NEW suburb record has been set in Tarragindi while more than $30m worth of property sold between four real estate agencies in the inner city, as the Brisbane property market recorded one of its strongest auction days of the year despite operating in a lockdown.
MORE PROPERTY NEWS
Snap auction breaks suburb record in lockdown
The Brisbane mansion you can buy with Bitcoin
A reduced number of properties went to auction yesterday, with 45 homes across Greater Brisbane going under the hammer, but hundreds of bidders had pre-registered to buy them from the comfort of their homes via online platforms, including eight bidders who took 64 Tarragindi St, Tarragindi to auction where it sold for $3.125m, the highest price anyone has paid for a house in the southern Brisbane suburb.
Another 21 bidders registered to buy 21 Tamaree Ave, Wynnum which sold for $1.315m.
“It’s been a phenomenal day in the market, it didn’t miss a beat,” Apollo Auctions director Justin Nickerson said after the Tarragindi auction for Atlas estate agents. “One of the strongest Saturdays we’ve ever had.”
Ray White New Farm and Bulimba auctioneer Haesley Cush worked with 54 bidders yesterday to sell five properties totalling more than $10 million, including the $3.31m sale of 36 Harris St, Hawthorne.
While Place Estate Agents in Bulimba and Woolloongabba had 150 registered bidders for 12 properties with all but one selling either on the day or just before, totalling almost $20m worth of property.
“We were expecting that to be the outcome but equally there was trepidation,” Place Estate Agents managing director Paul Curtain said.
“Does the market take a breath to see what’s happening?”
He said the market responded strongly despite uncertainty around the current Covid-19 lockdown, with each property selling either for its reserve price (the minimum price a seller will accept for their property) or substantially above the reserve.
“Next week is interesting, it’s our fullest day of auctions since before the school holidays,” Mr Curtain said.
“We don’t see that changing, even if Brisbane went into an extended lockdown or restrictions didn’t ease. Real estate agents have been able to do private inspections. We’ve been able to continue the conversation with the market. So campaigns are already starting and part of today’s feedback is that those properties are ready to sell and should expect that outcome.”
Other top auction results include:
– 69 Quay St, Bulimba – sold for $2.155m
– 53 Harrison St, Bulimba – sold for $2.12m
– 11 David St, Morningside – sold for $2.012m
For auction replays, including the auction of 64 Tarragindi St, Tarragindi, CLICK ON THIS LINK.
The post Tarragindi house sells for $3.125m as auctions defy lockdown appeared first on realestate.com.au.