New year kicks off strongly

The Sunday Mail (Queensland) - - NEWS - DE­BRA BELA

BRIS­BANE’S first house to sell un­der the ham­mer for 2019 drew a crowd of 51 and 10 of them were reg­is­tered bid­ders.

In a highly an­tic­i­pated start to the auc­tion sea­son, firsthome buy­ers, investors, builders car­ried their auc­tion pad­dles to the back­yard of 43 Spencer St, Corinda (in­set), to begin bid­ding.

The three-bed­room brick house on a 683sq m block was one of 10 prop­er­ties to launch the auc­tion sea­son in Bris­bane yesterday.

Place Graceville di­rec­tor Gary Ea­ton and auc­tion­eer Matt Con­don opened the auc­tion and bid­ding started slowly with a phone bid­der from Sydney even­tu­ally of­fer­ing $600,000.

Six bids in three min­utes got the prop­erty to $700,000 with the auc­tion in favour of the phone bid­der and then there was a 10 minute break to ne­go­ti­ate be­hind the scenes.

“If he gets it for $700,000 that’s a real bar­gain,” said lo­cal in­vestor Peter Bloomer who was not pre­pared to go be­yond his bid of $625,000.

“It’s in bet­ter con­di­tion than we hoped for. I was hop­ing it was go­ing to be a knock down”.

In­side the two-storey brick house, the owner’s brother, Jim Philp, was de­cid­ing whether the bid was enough to put the e house on the e mar­ket.

He and d his wife had d spent five e months pre- - par­ing the prop­erty for sale after his brother, Colin, was ad­mit­ted to a care fa­cil­ity mid last year.

The phone bid­der in­creased his of­fer to $710,000 and Mr Philp de­cided that was enough, so the auc­tion be­gan again with the house of­fi­cially on the mar­ket.

Go­ing up by $1000 lots, the auc­tion was an all-in af­fair with eight fur­ther bids from mul­ti­ple par­ties be­fore the ham­mer fell at $718,000 and Nick Vanzetti, on the phone from Sydney, be­came the new owner.

“I’ve never bid at an auc­tion be­fore,” Mr Vanzetti said by phone af­ter­wards. “And I haven’t seen the house, but I sent my par­ents to have a look and they are there for me today.”

Marea and Ross Sharp had been look­ing at prop­erty for their son in the west­ern sub­urbs and were re­lieved he had picked up a good in­vest­ment.

Mr Vanzetti will rent the house while he and his fam­ily spend time over­seas.

Mr Ea­ton said the sale sent a mes­sage that the Bris­bane prop­erty mar­ket is still very strong.

The prop­erty was the first of three to sell un­der the ham­mer yesterday, with 22 Eus­tace St, As­p­ley sell­ing for $535,000 and 39 Moree St, Ke­dron re reaching $515,000.

Six prop­er­ties were passed in and one at 17 Meil­land Court, Ea­tons Hill, sold con­di­tion­ally after a auc­tion.

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