A Brisbane bayside property has damaged the suburb document by the barest of margins.
The seven-bedroom, four-bathroom house at 55 Duncan Avenue, Wynnum West, on a 1011sq m block, bought post-auction for $1.85m.
The property holds the suburb document exceeding $1200, beforehand set by 212 Kianawah Street, Wynnum West, for $1.848m in October 2023.
Property agent Gaby McEwan from McGrath Wynnum-Manly mentioned the marketing campaign was anticipated to be an incredible success, wanting on the market’s aggressive nature.
“The house wanted a bit of labor cosmetically however had nice bones,” Ms McEwan mentioned.
“We knew it was an incredible one from the get-go. We wished it to go to public sale, however the proprietor initially opposed it.
“We wished to create a aggressive setting and let the market speak for itself. We took the property to public sale and ended up with three registered bidders on the day.”
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Earlier than the public sale, the house acquired three sturdy affords.
The public sale had three registered bidders with a gap bid of $1.6m however handed in by the seller.
Ms McEwan mentioned they obtained one of the best deal for the vendor, contemplating the suburb’s development pattern. “There have been three registered bidders. We knew all of them fairly nicely; we labored with them beforehand on different properties; they had been very certified bidders,” she mentioned.
“All of them knew this is able to set a document; many had been comfortable. We didn’t mince our phrases (to patrons). Get able to bid on the day.”
Ms McEwan additionally mentioned there had been a change in perspective in direction of auctions, with bidders turning into extra skilled, clear and assured.
Based on the REA annual report, the suburb has seen a 9.5 per cent development in 2023, turning into a way of life vacation spot close to the town.
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