Ray White Queensland chief auctioneer Gavin Croft said the weather may have played a role in the results coming from the last major Saturday of auctions for the year.
“The rain hit hard in Brisbane and it really was a subdued day out there,” he said.
“I had four auctions today and each auction only had one bidder but they still sold. I think the buyers who are still out there, while there wasn’t the depth, I think they found themselves particularly fortunate they were there and ready to pounce on opportunities without huge amounts of competition this deep into the year.
“But overall, we round out the year with a wonderful clearance rate. While there has been lower registration numbers, all that matters is properties are selling under the hammer and that’s exactly what we experienced today.”
14 Yulunga Pl, Mooloolaba (pictured at top)
Sold for $3.9 million - called on the market at $3.75 million
Four registered bidders and three active bidders
Lead agents: Brent Higgins and Ryan Bradeley
Ray White Mooloolaba
Auctioneer: James Goldsworthy, Ray White Mooloolaba and Kawana Waters
“There were four registered bidders and three active bidders, but after it was called on the market at $3.75 million, there were only two bidders left. It started at $3.2 million which was quite a strong bid to open it,” Mr Higgins said.
“The buyers were a couple from Brisbane with two children, they had already purchased something on the Sunshine Coast and were planning to knock it down and build a new home. When this home came along they decided it was better to purchase the property which is arguably in a better position and they wouldn’t have to go through all the construction and building.
“It’s a stunning home and offers the perfect combination of being on the closest residential street to Mooloolaba Beach and the esplanade. This is combined with it being on the waterfront so it’s a very highly sought after locality, and the home in its own right was a high attraction for buyers.
“Prior to auction, we had about 55 groups go through the home and had a broad range of enquiries from interstate buyers and Australians based abroad. At the auction we had someone from western Queensland, two locals and the one from Brisbane.
“We have sold four from four today so it’s a great way to finish the year.”
8 Glenview Court, Underwood
Sold for $2.4 million - $100,000 above the reserve
11 registered and nine active bidders
Agents: Syed Ali and Serena Garcia
Ray White Rochedale
“We broke the suburb record of $2.35 million, this is by far one of the best homes in Underwood,” Mr Ali said.
“The buyer lives locally, he and his family are selling their property and upsizing to this one.
“Most of the bidders were families wanting to upsize. The second highest bidder was a young man who had just arrived in the country and the third highest bidder, they were relocating to Brisbane from interstate.
“We had a pianist and food stalls on-site. We were worried about the weather but the house is big enough to fit everyone in so we had a crowd of about 50 to 60 people all wanting to see how the auction would go.”
Ray White Maroochydore and Buderim Auctions at Altitude event
The Ray White Maroochydore and Buderim offices joined forces this week to host the highly successful Auctions at Altitude event at The Altitude Nine Function Centre. This marked a significant achievement in the local real estate market, drawing an impressive gathering of more than 200 people plus over 300 online market watchers.
In total, 24 properties were auctioned, with 13 sold, achieving a 54 per cent clearance rate and generating nearly $16 million in sales. The event drew 40 registered bidders and over 200 attendees, creating an electric atmosphere filled with excitement and opportunity.
“There are another four properties that are likely to sell inside the next 24 to 48 hours, so we expect post auction sales to top 80 per cent within the next week,” director of Ray White Maroochydore and Buderim Dan Sowden (pictured above) said.
Headlining the evening’s sales was 39 Panorama Cres, Buderim, which achieved a remarkable result of $2.325 million under the hammer. The property was marketed by Ray White Maroochydore’s Greg Turnbull and Grace Voller. The stunning property captivated buyers with its elevated position and breathtaking views, epitomising the premium lifestyle offerings of the region.
Among the other notable results was 33 King St, Buderim. The marketing agent Brodie Rodgers of Ray White Buderim said it was an original cottage owned by the same family for 23 years.
“The property was highly sought after by developers for its large land parcel and sold for $1.15 million. The successful buyers, having missed out on 23 Caroline Crescent earlier in the evening, secured this home after outbidding five other parties,” Mr Rodgers said.
Another standout was 19/7 Grand Parade, "St Kitts," Kawana Island, purchased by a South Australian buyer through the offices’ targeted database marketing. After just 30 days on the market, it sold unconditionally for $1.55 million through Ray White Maroochydore agent Lachie Woods. This result was achieved following a strategic marketing approach that outperformed prior efforts with another agency that listed the property for six months without success.
“This event was a testament to the strength of collaboration and our ability to deliver exceptional results,” director at Ray White Buderim Jake Loiero said.
“The Auctions at Altitude event demonstrated the continued demand for quality properties in the Sunshine Coast market.”
