The Sunday Mail (Queensland)
Steady as she goes
Many Brisbane property vendors could breathe a sigh of relief after a week of concerns surrounding the stockmarket, writes Connor O’Brien
AFTER a nervous week in the financial sector, today’s flurry of keen bidders was a welcome sign for Brisbane’s property market.
At least that’s the view of Ray White auctioneer Haesley Cush, whose Saturday successes included the $1.8 million auction sale of 7 Standring St in Toowong.
The 615sq m property remarkably sold to a woman bidding sight unseen on behalf of her children.
Adding to the scenario, Mr Cush said the buyers had only heard about the property on the day after their sis- ter-in-law spotted it in last Saturday’s edition of The Courier-Mail.
Another Toowong auction at 39 Morley St saw a Toowoomba family secure their new home for $900,000 through Place Paddington’s Andrew Degn.
A designer home at 14 Barton St, Bardon, drew a $2.375 million sale under the hammer in front of crowd of up to 200 people.
Michael Kleimeyer, of Space Property Agents, said the local buyers had competition from Hong Kong.
Twin sisters beat 16 rivals in the battle for an 1883-built Dutton Park residence at 20 Lochaber St.
Ben White, of Place New Farm, said a sale price well above the reserve at $631,000 marked a top result considering the adjacent duplex sold for $530,000 last November.
Also on the southside, Ray White Stones Corner agent Ben Cannon reported a “hotly contested” auction at 24 Rita St, Holland Park, after a flood of interest throughout the campaign.
Mr Cannon said 232 people inquired about the three-bedroom, twobathroom house, leading to six bidders registering. A family who had been renting in Wilston, on Brisbane northside, collected it for $720,000.
Among the successful auctions for Jason Andrew, of the Jason Andrew Group, were 138 Gracemere St at Grange and 14 West St at Highgate Hill.
Built last year, the Grange home on 683sq m sold for $1.29 million, with five of the eight registered bidders active.
Bidding on the Highgate Hill renovator opened at $500,000 and reached a final price of $790,000.
Another million-dollar result was achieved at Stretton, where a sixbedroom house at 50 The Parkway sold for a rather unexpected figure of $1.18 million.
On the Gold Coast, it was a twohorse race for a three-bedder at 24 Matthew Flinders Drive, Hollywell.
After more than 10 bids, the waterfront home sold under the hammer for $835,000 to a local family.
Marketed by Ray White Mermaid Beach’s John and Nicole Mayer, the home had been extensively renovated since last changing hands in 1989.