$17m worth of homes sold at massive Springtime auction event

More than $17 million worth of homes was sold at one auction event in Brisbane on Saturday, during a busy Spring weekend where auctions saw up to 25 registered bidders.

Ray White Collective’s in-house auction event on September 13 saw eight properties under the hammer at the Calile Hotel: with the biggest result a Hamilton home at $6.01 million.

98 Windermere Rd, a five bedroom and three-bathroom house, featured a build completed in 2021 on a large 913 sqm block. The size of the home in an area so close to the city saw a strong showing on the day, with agent Matt Lancashire seeing the eventual sale.

98 Windermere Rd, Hamilton, sold for an incredible result of $6.01 million.

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Mr Lancashire also oversaw the sale of a 31 Kitchener Rd, Ascot: a four-bedroom property at the same event.

Originally built in the 1930s before seeing an expansive modern renovation, the house ended up selling under the hammer for $3.9 million.

Auctioneer Haesley Cush said Ray White Collective was finding their auction events were recording clearance rates higher than industry average, selling seven of their eight properties this time.

“We had entry-level homes right through to prestige,” he said. “The entire market stood up and performed.”

31 Kitchener Rd, Ascot, sold for $3.9 million, at an auction where $17 million worth of homes went under the hammer.

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“This was our smallest in-room in a while, off the back of compressing stock, but the results show that there is demand for property in the Brisbane market … I think October will be another strong month as we see stock starting to build.”

Meanwhile, the same weekend saw a Mt Gravatt home sell for nearly $3 million, at an auction that brought along a whopping 25 registered bidders.

The five-bedroom home at 29 Sunnydale St, Upper Mount Gravatt, featured a modern internal design along with an Italian stone facade; attracting more than 200 inspections over the course of the campaign.

The home at 29 Sunnydale St, Upper Mount Gravatt, attracted 25 registered bidders before selling for $2.96m.

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Lead agent Chander Singh said the home was built by a family as their dream home before an interstate move.

“People were attracted to the scope of the home: there’s not many homes like this in the area,” he said. ”Most of our interest was from large families looking to take advantage of the space.”

After a hectic auction between seven active bidders, the property sold for $2.96 million.

Spring’s rising auction activity saw 93 people walk through 10/135 Park Rd, Yeerongpilly, in a single day.

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The three huge auctions came during rising Spring activity in Brisbane’s property market – where a unit in Yeerongpilly, 10/135 Park Rd, saw 93 people walk through an open home in just one day.

Ray White Queensland chief auctioneer Gavin Croft said there were, unsurprisingly, not enough homes to meet what buyers were looking for.

“We haven’t seen an influx of listings come to the market yet,” he said. “So demand remains high, but the supply hasn’t yet met the market.”

“The good news is it looks like October will begin to provide some more choice for buyers.”