The highest sale of the week came from a Sydney buyer, who paid $1.15 million for a generous Queenslander with dual street access in Paddington.
Thirty people gathered at the on-site auction as three registered bidders, a mix of investors and owner-occupiers, battled for the charming post-war home.
The property saw plenty of interest during the 3½-week campaign, with 68 inspections from investors and owner-occupiers, and even attracted four parties wanting to negotiate to buy after the auction.
Agent Steve Waters of Ray White Spring Hill said Paddington’s cottage culture and historic houses made it a highly desirable area for new and experienced buyers.
We are selling a lot of homes to people migrating from Sydney and Melbourne. It seems like every second home…Place Estate Agents’ Shane Hicks
“Paddington has really picked up in the last 18 months, it’s really becoming a hot suburb,” he said.
“There [are] not a lot of units in Paddington and Red Hill, it’s a really family-centric area and you don’t have high-rises going up next door to you.
“You’re only three kilometres from the CBD and there’s a lot of infrastructure happening there as well. You’ve got the Roma Street entertainment precinct that’s been approved now and the new cross-river rail, so you’re getting more and more facilities.”
Meanwhile, a Melbourne family outbid two registered buyers for a sprawling traditional home on two titles in Camp Hill.
The property sold for $1.05 million after a drawn-out auction that stalled several times for negotiations and saw the home put on the market after the final bid.
Agent Shane Hicks from Place Estate Agents – Bulimba said out of town buyers were becoming the norm in the area.
“At the moment, we are selling a lot of homes to people migrating from Sydney and Melbourne. It seems like every second home at the moment,” he said.
“One of the reasons they’re attracted to our area in Camp Hill is that they love the idea of coming to Queensland and owning a Queenslander.
“There’s a real ambience about it – that’s how people think about Queenslanders, as beautiful old homes.”
The home saw substantial interest during the selling campaign with 75 groups visiting the house during open days, almost exclusively owner-occupiers and mostly young couples or families.
Mr Hicks said despite the property sitting on two titles, it didn’t suit investors or developers as the title boundary ran right through the middle of the home.
“It was always going to be a family home,” he said.
Yet another traditional Queenslander sold in Greenslopes for $817,000 after extensive interest from locals and those further afield.
Ninety groups toured the property during the four-week campaign with several returning for second and third inspections, mostly young families looking for a refurbished classic home that would make for an easy move.
The auction attracted 10 registered parties, although most remained dormant and only four actively bid on the property.
After opening at a low $620,000, the price crept up and up and stalled in the high $700,000s, before selling successfully to a young couple moving from the bayside, who wanted more inner-city living.
Agent Sarah Cantle from Belle Property Coorparoo said the auction had a homey, friendly feel, particularly as the vendors and prospective buyers were mostly families.
“At the auction, there were lots of laughs, everyone was friendly,” she said.
“At the end, everyone was meeting everyone, saying, ‘hi, I’m your new neighbour’, so it was a really nice engagement between everyone, a nice community.
“[The vendors] were sad to leave it because it was such a beautiful family home that suited their needs. There were lots of tears of happiness, lots of champagne and smiles all round.”