Buyer's Seize Opportunity as Clearance Rates Soar
Last weekend, our office achieved the nation's highest sale under the hammer, when we held our first in-room?auction event for the year at The Calile.?
Auctioneer Haesley Cush, cleared an exceptional 79% of properties under the hammer, with 30 registered bidders competing for a healthy $21million worth of sales.?
The top result was a stunning turn key tennis court home at 45 Christian Street, Clayfield, selling for $6.2million to a local family upsizing.
Buyer appetite for contemporary homes again proved insatiable with 4 registered bidders competing for a Graya built home, 98 Howard Street, Paddington, selling for $4.45million, after last transacting in 2019 for $3million.
Units also proved a hot favourite with 7 of the 8 units offered selling under the hammer.?
Another highlight was a blue chip offering, 12 Maxwell Street, New Farm selling for $4.15million.?
Buyers are clearly shrugging off media attention of rate rises, with the main demographic being owner occupiers taking a long term view of "time in the market" and regarding the current stablised market conditions as an opportunistic time to be transacting.?
Core Logic's head of Economic Data, Eliza Owen this week also confirmed?estimates that only 2.9% of suburbs across the country have seen home values fall more than 20% from a recent peak.??
From our observations, Brisbane's inner city market remains resilient with buyer confidence clearly high, reflected in last week's auction results.?
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The Week's Top 10 Sales
Another massive week for the Brisbane prestige market! A special shoutout to Matt Lancashire of Ray White New Farm, taking out 3 spots in this week's top 10 list. Take a look at the full list below:?
1. 45 Christian St, Clayfield $6,200,000
2. 27 Martha St, Camp Hill $4,555,000
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3. 98 Howard St, Paddington $4,450,000
4. 12 Maxwell St, New Farm $4,150,000
5. 109 Greer St, Bardon $confidential
6. 36 Dilkera St, Balmoral $3,700,000
7. 12 Akala St, Camp Hill $3,200,000
8. 44 Ninth Ave, St Lucia $3,000,000
9. 101 Bulimba St, Bulimba $2,950,000
10. 67 Palm Ave, Ascot $2,500,000
?*Top?10?Results are based on publicly available data, auction results, and data provided by agents. Data is deemed reliable at the time of publication but Christine Rudolph and Ray White New Farm neither?warrants?its accuracy or accepts any liability in relation to its use.
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Property of the Week
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Recently renovated to create the ultimate resort-style residence, the home is situated directly on the water's edge to make you feel at one with nature.
This residence offers a spectacular riverfront lifestyle in a quiet and idyllic Brisbane suburb. This property is for sale off market, please contact me to arrange a private viewing.
We look forward to seeing you at tomorrow's open homes and please reach out if there is any information we can provide for you on the current market.
Warm regards,?
Christine
Founder and CEO Ngaitahu Energy Limited; NEL Energy PTY LTD Ngitahu Energy Projects Pty Limited
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