ONE OF Queensland’s most highly anticipated auction properties sold for $4 million dollars when it went under the hammer yesterday, June 9.
White Gables at 9 Craven St, Clayfield was the sixth most viewed property in Queensland in May and more than 150 people turning up to watch it sell at the 3pm on-site auction.
Bidding started at $3 million and went up in $250,000 increments until it reached $3.75 million.
The auction was paused as Ray White New Farm principal Matt Lancashire worked with the buyer and seller to negotiate the price.
Bidding recommenced at $4 million, at which point the property was on the market and sold to a young local family who had been searching for the right home for three years, according to Mr Lancashire.
“One of the drivers of why the owners sold, was these people (the buyers) had young kids, and the owners’ kids are all moved out now,” he said.
“One of the biggest factors that made it so enjoyable for them to do a sale with these people is because they want someone to enjoy this home for the next 20 years.”
Property owner Ross Randell will celebrate his 40th birthday knowing his property sold at auction on Saturday, June 9.
Ray White Bulimba agent Georg Petavrakis took 31 Donald St, Camp Hill to market at 10.30am and it sold under the hammer for $1.28 million.
Mr Petavakis said the there were three registered bidders and the sale proved the Camp Hill market was thriving.
“Camp Hill market still demanding high buyer interest as we start to see less numbers through other properties in other markets,” he said.
After extended negotiations between Ray White Spring Hill sales and marketing consultant Owen Ho, auctioneer Haesley Cush and the bidders at a Fortitude Valley apartment, it was sold under the hammer for $370,000.
While three bidders registered to buy the two-bedroom apartment, only two put their hand up, including a phone bidder on behalf of the winning bidder from central Queensland.
Bidding started at $300,000 and it quickly rose in $20,000 increments until it reached $360,000 when negotiations started.
About 20 minutes after the auction started, the property was declared on the market at $370,000 and was sold for that amount.
Mr Ho said he had a high level of interest due to the space on offer in the lead up to the auction.
“It’s a very different property to any other inner city apartments,” he said.
“It has two car parks, quite a sizeable storage cage and it’s got a large courtyard.
“It makes it a little bit more attractive, because you don’t usually have a courtyard, plus a second carpark together — you either get one or the other.”
Vendor Jorgen Romijn said he purchased the property in 2006 as an investment, but had decided to sell it to potentially buy another investment.