Surg­ing mar­ket pays off for Ray White boss

The Courier-Mail - Property - - REALESTATE | NEWS - TEELA JUR­GENSEN

ONE of Queens­land’s most prom­i­nent real es­tate i den­ti­ties has given the ul­ti­mate show of faith in the ris­ing mar­ket – by list­ing his own home for sale.

Ray White chief ex­ec­u­tive Peter Cam­phin and wife Jane rode the “emo­tional roller-coaster” of sell­ing as they pre­pared to take their Chapel Hill home of 15 years to auc­tion this weekend through mar­ket­ing agent Michelle McLeod, of McLeod Part­ners, Ray White Toowong.

How­ever, with three of­fers made on the home prior to auc­tion, Mr and Mrs Cam­phin sold the property this week to a Perth buyer.

Al­though re­luc­tant to re­veal the price, Ms McLeod said the home was sold for more than $1.2 mil­lion.

“It was a hard de­ci­sion (to sell prior to auc­tion) be­cause both Peter and my­self are pro-auc­tion,” Ms McLeod said.

“We had a n i nte r e s t e d b uyer who wouldn’t be able to at­tend the auc­tion as he was in Perth.”

It was a re­minder of what it’s like to be on the other side of the coin for the boss of one of the state’s largest real es­tate fran­chise groups.

“As a ven­dor you need to be ready to re­ceive an ab­so­lutely bru­tal as­sess­ment of your home,” Mr Cam­phin said wryly.

The cou­ple are down­siz­ing to a home in Padding­ton, which they have just fin­ished ren­o­vat­ing.

“The ris­ing mar­ket we’re in at the mo­ment added to the mo­ti­va­tion,” Mr Cam­phin said.

RP Data fig­ures showed there were only nine houses sold in Chapel Hill in the 12 months to Novem­ber, with a me­dian sale price of $620,000, which has risen 4.9 per cent an­nu­ally over 10 years.

The four- bed­room, three- bath­room split- l evel home at 7 Columbia St has a home of­fice, games room on its own level, lounge with fire­place, seat­ing and din­ing plus a built-in day bed, wine cel­lar and out­side is a 10m salt wa­ter in-ground pool.

Ms McLeod said that the real es­tate mar­ket had “taken off” this month.

“We’ve had phenom­e­nal in­quiries on ev­ery sin­gle property,” she said.

Ray White chief ex­ec­u­tive Peter Cam­phin (above left) has sold his home at Colom­bia St, Chapel Hill (top and above right).

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