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The right property can sell under the hammer even at a quiet time of year

ByHolly Darwon

LAST Saturday, with the Akubra on the dashboard, I set off to call four Brisbane-based auctions.

The June and July period can be quiet so I was thrilled to see that all properties were stacked with bidders prior to the day.

My first stop was 23 Bay Street Kedron. The property was a contemporary home in a quiet enclave in Kedron nestled close to the new Coles and schools. There were eight registered bidders and roughly 50 locals gathered in the open back yard to ultimately watch two couples battle it out for ownership.

One was a mature couple, roughly in their fifties and the other was a young couple and if I was guessing I’d say in their twenties. The final price of $1,351,000 saw the young couple victorious and me off to the next auction.

I jumped straight in the tunnel and dipped below the city on my way to Sirius Street Cooparoo. For sale was a cracking home in one of the region’s most loved streets. The house was beautifully presented and the owners were obviously quite popular with their neighbours because a huge crowd was in attendance to watch the sale unfold.

There were nine bidders registered and with bidding opening at $795,000, it quickly rose through the million dollar price on its way to $1,190,000 before I had to pause proceedings to get some instructions.

After some good spirited negotiating and flexibility from all parties the property was announced on the market and sold for $1,260,000!

With two contracts in the briefcase I finished the day at Kelvin Grove with two auctions, in neighbouring streets. The first was a renovator at 11 Gebbie Street. These renovators are the hottest property in the Brisbane market at the moment and the interest certainly supported the hype.

With bidding opening quite low in the $50,000s, it rose quickly and was called on the market around $700,000. It was then that the bidders got creative with numbers fluctuating between $10,000 to as obscure as $771.00 and $777.00 rises. I was up for the challenge and it only added to the excitement.

The property eventually sold for $777,000 to huge applause for the well entertained crowd.

Seeing the perfect game in sight I ducked around the corner to call the auction of a replica Queenslander at 33 Park Street. The backyard was decorated with bidders all preparing their game plans as I called for an opening bid. Of the nine registered bidders, five raised their cards as the price rose from $700,000 to $900,000, where again the bidding stalled.

A lovely young couple with a baby in arms, raised their bid to $940,000 where the property was announced on the market and ultimately sold!

Heading home, having crisscrossed the city, I reflected that while Brisbane can go quiet during winter the day showed that there are buyers in the market. It’s a wonderful sign for the Brisbane real estate market heading into the new year.

To read the entire article, please follow the link below

https://www.realestate.com.au/news/the-right-property-can-sell-under-the-hammer-even-at-a-quiet-time-of-year/

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