Bidders throw cash like hot potatoes in auction frenzy

first_imgTwo bidders had their hearts set on calling 19 Alderley Ave home yesterday.A family who recently moved to Queensland from South Australia, opened bidding through an agent at $1 million which was followed by a vendor’s bid of $1.1 million, a follow-up bid of $1.125 million and then a 20 minute recess to negotiate with the two registered bidders. >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<< Auctioneer Peter Burgin was in the kitchen and around 30 waited in the living area and on the balcony to see if 19 Alderley Ave, Alderley was going to sell at auction.The auction resumed with a bid of $1.31 million from the second bidder and the house was on the market. The next 60 seconds saw $500 bids thrown between the pair like hot spuds. The house sold for $1.315 million to the second bidder, a family from Wooloowin.Place Newmarket principal, Mario Sultana said homeowners are still seeing value in the Brisbane market, despite falling house prices in Sydney and Melbourne.“I still think people look at Brisbane as good value for what you’re getting, especially with the proximity to the city and the infrastructure coming through,” Mr Sultana said. Bidders loved the triple gabled roof and original features of 98 Khartoum St, Gordon Park. SUNDAY’S QUEENSLAND AUCTION SCHEDULE Brisbane’s most viewed house on internet searches over the last seven days went to auction at lunchtime.The newly-built house on 400sq m at 19 Alderley Ave, Alderley had two registered bidders and a crowd of around 30 by the time the rain and the auction began.center_img Real Estate Institute of Queensland data shows the median house price in the north Brisbane suburb of Gordon Park has increased 6.3 per cent in a year to $840,000. Ray White Wilston sales consultant Holly Bowden said interest in the three bedroom, one bathroom, pre-war house on a 607sq m block was diverse, with young families, downsizers, and couples with no children all seeing its potential. Getting ready for auction. The crowd waits outside 98 Khartoum St, Gordon Park yesterday.It was a game of cat and mouse that took seven minutes and 24 bids to complete with the closing seconds seeing the most action. “I just couldn’t shake him,’’ Ms Hetherington said after auction.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoGreg and Amanda McAdam made the winning bid of $953,000, with new neighbours congratulating them afterwards.“We love the size of the block,’’ Mr McAdam said. “We had a fair idea we were going to get it. We just reached our limit.” More than 50 people came to see 98 Khartoum St, Gordon Park, sell at auction yesterday.A buyer’s agent for a Sydney client kicked off bidding at $851,000, which cut the competition almost by half.The climax involved two parties: a local couple who live two streets back and bid with subtle gestures, and the buyer’s agent, Meighan Hetherington, whose voice could clearly be heard from the footpath she shared with 50-60 onlookers. Done and dusted in seven minutes. Saturday’s auction of 98 Khartoum St, Gordon Park, attracted eight registered bidders and sold under the hammer for $953,000.THE FORTUNES of homebuyers were decided in seconds on Saturday in a bidding frenzy across two suburbs.It was a cat and mouse chase to the finish line in Gordon Park, while $500 bids were being thrown like hot potatoes in the closing seconds of an auction at Alderley.Here’s how it all happened:At 9.30am, eight groups of registered bidders lined up to buy 98 Khartoum St, Gordon Park.last_img