Ac­tion on auc­tion front rises

The Courier-Mail - Property - - REALESTATE MARKET WRAP - TEELA JUR­GENSEN

THE auc­tion suc­cess sto­ries have been rolling in this week and RP Data fig­ures cer­tainly sup­port the good news.

Bris­bane clear­ance rates jumped al­most 10 per cent in a week to 55.2 per cent, ac­cord­ing to Mon­day’s weekly mar­ket sum­mary from the data providers.

LJ Hooker New Farm’s Jed Dz­i­uma was one happy agent when 28/165 Syd­ney St, New Farm sold un­der the ham­mer on Mon­day night for $587,000.

The apart­ment, which was auc­tioned by Richard Im­pi­om­bato from Apollo Auc­tions, at­tracted 23 reg­is­tered bid­ders – eight of whom bid – and sold for $27,000 above re­serve to a Mel­bourne in­vestor. Not bad for a Mon­day night!

LJ Hooker Queens­land man­ager and auc­tion­eer Paul Moore sold six prop­er­ties un­der the ham­mer last Satur­day for LJ Hooker Sun­ny­bank Hills – a per­sonal best for the vet­eran of more than 20 years.

“Auc­tions are al­low­ing the mar­ket to de­ter­mine the value of a property, and the turnouts at auc­tions in­di­cate the in­ter­est from south­ern states has made its way to Bris­bane,’’ Mr Moore said.

Among the homes was 54 Poin­ciana Place Stret­ton, which was mar­keted by Peter Florent­zos and sold for $961,000, and 45 Inca St, Sun­ny­bank Hills, which was mar­keted by Ja­son Gegg and sold for $571,000.

Up­siz­ers bought a down­sizer’s home at 36 Selkirk Ave, Benowa Wa­ters at auc­tion for $1.24 mil­lion ear­lier this month af­ter com­pet­ing with four other bid­ders. The home was mar­keted by McGrath Broad­beach agent Karen Ste­wart and more than 50 people at­tended the auc­tion.

With all the sell­ing go­ing on, there are also some in­ter­est­ing new list­ings.

Place chief ex­ec­u­tive Damian Hack­ett is mar­ket­ing one of only three homes on the riverfront at Kan­ga­roo Point – 25 Castle­bar St. The price tag is $4 mil­lion. Mr Hack­ett said the mo­men­tum in the top end of the mar­ket has con­tin­ued this year as con­fi­dence im­proves.

54 Poin­ciana Place, Stret­ton sold at auc­tion for $961,000 and (be­low) 25 Castle­bar St, Kan­ga­roo Point is on the mar­ket.

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