Bat­tle lines drawn at big auc­tion

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

BUYER ac­tiv­ity continues to be strong across south­east Queens­land, with some big sales on the weekend, both through auc­tion and pri­vate treaty.

Ja­son Andrew auc­tion­eer Gor­don MacDon­ald sold a 637sq m va­cant block of beach­front land at 44 Seav­iew Tce, Sun­shine Beach, at auc­tion on Satur­day for $3.65 mil­lion.

Mar­ket­ing agent Nic Hunter from Tom Of­fer­mann Real Es­tate said he re­ceived about 80 in­quiries on the property and the Syd­ney­based buyer planned to build a hol­i­day home on the site.

An­other beach­front property – a four-bed­room home at 12 Arakoon Cres, Sun­shine Beach – set­tled on Mon­day for $5.85 mil­lion, he said.

Six of the eight auc­tions Mr MacDon­ald called on Satur­day sold un­der the ham­mer. “The clear­ance rate was just solid, solid, solid on the weekend,” he said.

An­other big auc­tion sale on Satur­day was at 192 Heal St, New Farm, which was mar­keted by Ray White New Farm prin­ci­pal Matt Lan­cashire and sold well over re­serve for $3.1 mil­lion.

Auc­tion­eer Haes­ley Cush said the 926sq m block and cul de sac po­si­tion op­po­site New Farm State School made the five-bed­room property unique and the auc­tion at­tracted “wall-to-wall” on­look­ers and eight reg­is­tered bid­ders.

“Bid­ders’ agents were heck­ling and scream­ing in bat­tle,” Mr Cush said. “This style of property drags the pas­sive buy­ers into the mar­ket be­cause of the ad­ver­tis­ing.”

The property was called on the mar­ket at $2.8 mil­lion and was bought by a lo­cal fam­ily. Ven­dor Craig Lager­roth bought the property in 1987 and spent about three years ren­o­vat­ing it.

“I’ve been wait­ing for the mar­ket to ma­ture,” Mr Lager­roth said.

“We did solid mar­ket­ing – I think you’ve got to spend money to make money,” he said.

He also made sure the property was beau­ti­fully pre­sented.

Some beau­ti­ful homes new to the mar­ket in­clude “Ocean View” on Ocean View Rd, a four-bed­room ar­chi­tect-de­signed home set on 102ha – the largest graz­ing property in the district.

David and Pamela Bar­nett have owned the property for 20 years. Mar­ket­ing agent Vicki Pain from Ray White Ru­ral Day­boro said it was only an hour from Bris­bane.

The property will be auc­tioned on June 13.

On the mar­ket for the first time is Dono­van Hill House, at 15 Abercrombie St, Teneriffe, a three-bed­room home owned by Robert Cooke.

Mar­keted by Brett Green­sill from LJ Hooker New Farm, the auc­tion is sched­uled for June 14.

And Ka­t­rina Walsh at Har­courts Coastal is mar­ket­ing the Ge­or­gianstyle “Tal­lara” at 643 Talle­budgera Creek Rd, Talle­budgera Val­ley, which has been a set for movies and in­cludes a five-bed­room home and two-bed­room guest­house.

Owned by Michael Lynch and Jackie Munro, the 1.59ha property goes to auc­tion on June 14.

192 Heal St, New Farm sold above re­serve af­ter a bid­ding frenzy; and (be­low) ar­chi­tect-de­signed “Ocean View” on 102ha is on the mar­ket af­ter 20 years.

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