High five for investor
An investor bidding by phone snapped up a complex of five units at Kedron when they went to auction last month.
The three two-bedroom and two three-bedroom apartments on one title at 1 Eighth Avenue, Kedron attracted more than 60 inspections prior to auction.
Several prospective buyers also turned up on auction day and registered to bid without having seen the property previously.
There were around 80 people present, including 16 registered bidders, with bidding starting at $700,000.
The bidding rose quickly upwards in $50,000 increments amongst three bidders before selling for $1.2 million to a phone bidder calling from Taigum.
‘‘We’re thrilled at the result, we expected a strong turnout but the result exceeded our expectations,’’ marketing agent Simon Ingram of LJ Hooker Toowong said.