It was standing room only as a massive 17-strong prestige homes went under the hammer in Brisbane this morning with over $33m cast in final bids and over $12m in homes sold before proceedings even kicked off.
Five of the 17 listed for sale at the Ray White Prestige Auction event sold before they could go under the hammer, auctioneer and Ray White New Farm principal Haesley Cush confirmed, with “a lot of work being done by buyers before auctions to try to secure homes”.
All seating was taken up with bidders standing along the sides and back of the room at the Calile Hotel to have their say.
Bidder registration opened at 9am with the auction kicking off sharply at 10am
Mr Cush told the audience that prestige demand had taken off with two other Ray White prestige listings sold ahead of the event at 22 Baldwin Street, Ascot for $2.2m and 123 Canopus Street, Coorparoo for $2.53m
Here’s how the Sunday prestige auctions played out:
1. SOLD: 53 Bunowang Street, Balmoral | Trevor Egan & Ming Kuo
First off the rank was a prestige listing in Balmoral that came with its own Telsa car charger in the two car garage. Bidding for the five bedroom home opened at $1.6m, before quickly bouncing in $100,000 increments to $2m. Four more bids then took the property $2.2m when the home was declared on the market.
Two bidders then battled it out so fast between them that it was a tongue-twister in the two’s for auctioneer Haesley Cush. Bids went from $2.21m, to $2.222m, $2.225m, $2.227, $2.230m, $2.232m, $2.235m. The property was then called twice at that price and sold for $2.235m to a very happy woman in the audience.
2. SOLD: 2 Inverness Street, Ascot | Matt Lancashire & Patrick Goldsworthy
A five bedroom home in bluechip Ascot was to have gone second, but the home – which comes on a massive 1,620sq m block – was declared as having been one of the five that had sold beforehand. Agent Matt Lancashire, who marketed the home with colleague Patrick Goldsworthy, confirmed 2 Inverness Street, had gone under contract for an undisclosed sum, with the buyer being a Singapore expatriate.
3. PASSED IN: 753 Clear Mountain Road, Clear Mountain | Hamish Bowman & Nicholas Carroll
A stunning 12.83ha mountain retreat called Zion was next up. The eight bedroom home saw bidding open at an extremely conservative $1m, then jump in $500,000 increments twice to $1.5m and then $2m. Bids then came in at $2.25m, $2.5m and $2.75m. At that point, the auction was paused for negotiation. The bid was then announced as having been increased to $2.81m. Negotiations are ongoing on the property.
4. PASSED IN: 234 Harcourt Street, New Farm | Scott Darwon
A beautifully renovated two-storey colonial home, originally built in 1910, was next on the auction block. Sitting on 483sq m block in one of Brisbane’s hottest inner-city suburbs, bidding opened at $1.5m. It then went to $1.6m, $1.7m, then slowed at $1.75m. After discussion, the auction was paused at that point to move on with the prestige list. Mr Kush announced an hour later that an offer of $1.775m had come in at which point the owner chose to pass the property in for negotiation.
5. PASSED IN: 49 Macquarie Street, Teneriffe | Matt Lancashire & Hamish Bowman
One of 18 private riverfront Teneriffe residences, this prestige home in the award-winning Catalina development, saw bidding open at $5.45m. The auctioneer Mr Cush said that price was not enough to buy the property. The large three-level 354sq m inner-city home – which has four bedrooms, multiple outdoor zones and a pool – was then passed in to continue negotiation.
6. PASSED IN: 1/141 Sydney Street, New Farm | Nicholas Given
This four level home, which is in a group of seven prestige properties that sit side-by-side right across New Farm Park, saw bidding open at $2m, before it increased to $2.2m. The property has gone to negotiation.
7. PASSED IN: 62 Main Avenue, Balmoral | George Petavrakis
An opulent five bedroom home at Balmoral was the seventh property called. The home – which has a master wing that includes an office, walk-in robe, projector, retractable screen and deluxe ensuite – opened at $2.3m. Several bids came in around the $2m, $2.1m and $2.22m mark. The auction was paused at that point, and reopened with an offer of $2.4m. Negotiations are ongoing.
8. PASSED IN: 16/78 Cairns Street, Kangaroo Point | Hamish Bowman & Team Lyne
Three parties registered to bid on this apartment which has unobstructed views of the Brisbane River to the Story Bridge. Bidding opened at $1.5m, then went to $1.6m, $1.7m, and $1.8m. The four bedroom, three bathroom, three car space home then saw bids of $1.9m and $2m which was when the first call was made and the auction paused. Discussions eventually centred around $2.325m and the auction was put on hold.
9. PASSED IN: 9307/50 Parkside Circuit, Hamilton | Christine Rudolph
Auctioneer Haesley Cush said there was an offer in play for this three bedroom riverfront home which sits in the award-winning Newport development. The offer made pre-auction was not enough to stop the auction. The floor was opened for bids, and when none were forthcoming, the auction closed to return to the negotiating table.
10. SOLD: 55 Beresford Terrace, Coorparoo | George Petavrakis
The jawdropping five bedroom, five bathroom, seven car space Casa Villa Estate was one of five properties listed for Sunday auction that sold before it could go under the hammer. Sitting on a massive 2,165sq m block, the prestige home fetched the highest sale price of the morning at $4.5m. The property was bought by a well known local food family, according to agent George Petavrakis.
11. PASSED IN: 4/75 Macquarie Street, Teneriffe | Hamish Bowman & Matt Lancashire
One of the exclusive Catalina residences in Queensland’s most expensive suburb, Teneriffe, this home saw bidding open at $1.5m, before jumping in $100,000 increments to $1.6m. $1.7m, $1.8m and $1.9m. A bid of $2m then broke in, before going to $2.025m where the auction of the three bedroom, two bathroom, four car space home was paused.
12. PASSED IN: 108/1 O’Connell Street, Kangaroo Point | Tom Lyne
A three bedroom, two bathroom, two car garage sub-penthouse in tower 1 of Millennium Towers at Kangaroo Point was next on the block. The home which is 276sq m with sweeping views of the Brisbane River to the city skyline saw bidding open at $1.7m. Negotiations for the sale of this home continue.
13. SOLD: 24 Wolseley Street, Paddington | Tom Lyne & Hamish Bowman
An architect-designed family home off Latrobe Terrace – complete with plunge pool, large terrace, covered patio, deck and lawn – was one of five listed for auction that sold beforehand. Agents Tom Lyne and Hamish Bowman informed the auctioneer that it had gone under contract for $1.9m after multiple offers were made on the home.
14. PASSED IN: 11 Dickson Terrace, Hamilton | Matt Lancashire & Patrick Goldsworthy
Multiple buyers registered for the auction of this five bedroom, three bedroom, two car garage home, in bluechip Hamilton. Three of them were looking to negotiate post auction. No vendor bid was made on the property and no bids were recorded this morning. Mr Cush said the potential buyers would now compete with terms via negotiation for the home.
15. PASSED IN: Mount Haven, 92 Ritamada Road, Emu Park | Hamish Bowman & Josh Brown
An iconic property, this four bedroom, three bathroom, four car space home is on oceanfront, fully serviced land, Mr Cush said. Agents had fielded enquiries from around the country for the lifestyle property. Bidding opened at $2m, with Mr Cush asking for $250,000 bid amounts. A bid of $2.25m was then made, with the bids eventually going to $3m. Mr Cush said the land, the infrastructure cost and building was around $7m because the owners built it as their forever home. A bid of $3.25m then came in from a family in Rockhampton with several agents fielding calls from potential buyers on the phone. The property has now moved to private negotiation.
16. SOLD: 17 Welwyn Crescent, Coorparoo | George Petavrakis
One of five properties to sell before auction, this five bedroom, three bathroom, double car garage home sits on a 787sq m block of land. A price of $1.888m was accepted by the seller for this triple-storey home after multiple offers, the agent George Petavrakis informed the auctioneer.
17. SOLD: 12 Glasgow Street, Ashgrove | Nicholas Carroll
A five bedroom, four bathroom, double garage home on an enormous 1,092sq m block in the St John’s Wood precinct was the last auction of the day, and one of five to sell before it could get there. It sold for $1.75m beforehand.
*Sign up to The Courier-Mail Weekly Real Estate Update.Click here to get the latest Queensland property news delivered direct to your inbox.
The post Millions change hands in Sunday prestige home mega-auction appeared first on realestate.com.au.