Action on auction front rises
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.