Gone in just 360 seconds for 985k
THE sale of a renovated Palm Beach house will be remembered as one of the quickest after it was snapped up in six minutes at auction on the weekend.
Three bidders vied for the Twenty Fifth Ave property on Saturday morning.
The auction, which was streamed live online, began at 10.16am with an opening bid of $830,000.
That figure rapidly climbed to $985,000 when the hammer came down at 10.22am.
Marketing agent Guy Powell, of Ray White Mermaid Beach, said 38 bids were made in that period in front of a crowd of about 20.
He said a young Gold Coast couple were the new owners.
“They’ve been actively looking for quite a while and this one ticked a lot of boxes,” he said.
Mr Powell said the couple were drawn to the property’s beach house feel. It was a feature that appealed to many prospective buyers, he said.
Throughout the 30-day campaign, Mr Powell lead 53 inspections of the four-bedroom home and it had more than 4000 views on
He said several offers had been made prior to auction.
The dual-living home, which property records show was built in the 1960s, has undergone an extensive renovation during the past few years.
Sellers Marcel and Jayne Maujean told the Gold Coast Bulletin last month they wanted to breath new life into the home without destroying its traditional beach house charm, which was what also drew them to the property five years ago.
But it proved a much bigger job than they anticipated.
“If I did my time again I probably would have knocked over,’’ Mr Maujean said.
But the hard work had paid off, he said, and they were pleased with the result, particularly the main bedroom, which featues a 100kg it barn door and study nook.
Mr Powell said the market had been steady in Palm Beach but that he expected it to pick up duirng the next few months. “Winter was a bit quieter in (some) periods but it was still strong,” he said. “Coming into spring, I think WITH ALEISHA DAWSON & JESSICA BROWN we’re going to have good months ahead.”
According to new CoreLogic data, the median price for a house at Palm Beach is $812,000 or $450,000 for a unit. House prices have jumped 8.3 per cent in a year. Units have climbed 4.9 per cent. a few