Potential buyers were keen on the first weekend of spring, with one from Sydney, and another from Hong Kong, bidding over the phone for 36A Oxlade Drive, New Farm.
But it was a local buyer who was the highest bidder when the property sold under the hammer for an eye-watering $8 million.
The riverfront home, set in one of the most tightly held pockets of New Farm, attracted plenty of interest before the sale and at the auction, where 11 registered bidders competed – six actively.
“We advertised this home everywhere across social media, print media and interstate, and that attracted more than 90 groups through the open homes,” Ray White New Farm principal Matt Lancashire said. “We sold to a local buyer from New Farm which was an awesome result.”
The four-bedroom property will be rented out by the new owner, he said.
By late on Saturday, Brisbane’s preliminary auction rate was 61 per cent after 44 scheduled auctions and 36 reported results. Of those properties scheduled to sell under the hammer, four were withdrawn.
A Melbourne buyer snapped up a three-bedroom luxury apartment in Noosa Heads for $6.3 million, despite not being able to get into the state and not inspecting the property in person.
Tom Offerman Real Estate’s Nic Hunter said the buyers made the winning bid on 1/24 Little Cove Road after previously missing out on a similar property.
“They missed out on the penthouse three years ago so they weren’t going to miss out on this one,” he said. “We’re definitely seeing people now making their lifestyle choices and thinking about life ahead.”
Eight bidders fought it out for the keys, including bidders from NSW and South Australia, with an opening bid of $4.8 million setting the scene.
Agency principal Tom Offermann said the auction highlighted how much confidence there was in the Noosa market.
“Especially when you consider that seven other buyers with over $5 million to invest have walked away empty handed,” Mr Offerman said.
Another property which attracted interstate bidders was the auction of a new home at 352 Brisbane Corso, Yeronga.
The uniquely designed, five-bedroom home sold under the hammer for $2,625,000 to buyers from Brisbane’s inner east, Mr Lancashire said.
They were among five registered bidders for the sale looking to buy the architecturally designed home.
“The home is beautiful – it’s so different to a lot of the houses built in the area,” Mr Lancaster said.
In Brisbane’s west, a three-bedroom Queenslander at 168 Boundary Road, Bardon, sold under the hammer for $1,421,000.
Ray White Paddington’s Judi O’Dea said the final battle for the home, which featured a white picket fence, came down to two determined bidders, with a couple from Brisbane the winning bidders.
The vendors are planning their next property purchase somewhere on the Sunshine Coast or southern Gold Coast.
Ms O’Dea said the home was extremely popular with buyers, with about 100 groups inspecting the home before the auction.
“[It] just shows that there are plenty of buyers out there and there’s so much confidence in the market at the moment,” Ms O’Dea said.
It wasn’t just the expensive lifestyle homes that interstate buyers were interested in. They were also looking to buy a home in need of some renovation at 5 Iseult Court, Carindale.
Stellario Realty Group’s Lucky Ramya Tennekoon said one of the bidders on the four-bedroom home, which sold under the hammer for $785,000, was from NSW.
But they were outbid by some local buyers, she said.
“The buyers were a young couple from Brisbane with two kids who are planning to renovate the home,” Ms Tennekoon said.