Battle lines drawn at big auction
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.