3/115 Anzac Road, Carina Heights sold for $1.191m.
Townhouses have emerged as the clear frontrunner at a Queensland auction event over the weekend with affordability driving intense competition.
Place Estate Agents’ The Day auction even included more than 50 auctions across Brisbane with and an 82 per cent clearance rate.
Head of Place Auctions, Paul Curtain, said townhouses recorded the highest number of registered bidders, averaging seven per property, as Brisbane buyers continue to prioritise value and convenience.
Place Estate Agents’ The Day auction even included more than 50 auctions across Brisbane.
1/10 North Street, Newmarket sold for $1.485m.
“Affordability is the main driver right of this trend right now,” Mr Curtain said.
“Townhouses are giving families, couples and first-home buyers a chance to stay close to the city without the maintenance or the million-dollar-plus price tags of detached homes.
“We’re seeing huge depth in that segment, and that demand is flowing through to strong results.”
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Place Estate Agents’ The Day event included more than 50 auctions across Brisbane.
1/10 North Street, Newmarket sold for $1.485m.
The standout townhouse sale of The Day event was from 1/10 North St, Newmarket, marketed by Alex Rutherford of Place New Farm, which drew nine registered bidders and a crowd of 50.
The auction saw 31 bids before selling under the hammer for $1.485m, with bidding narrowing to $1,000 increments in its final stages.
“Within the townhouse market, there’s a sense of urgency from people who’ve been priced out of houses but still want to live in lifestyle suburbs close to good schools and transport,” Ms Rutherford said.
3/115 Anzac Road, Carina Heights sold for $1.191m.
Joanna Gianniotis of Place Camp Hill sold two townhouses with seven registered bidders per property.
An unrenovated two-bedroom property at 6/35 Pine Street, Bulimba fetched $885,000, while a three-bedroom townhouse at 3/115 Anzac Road, Carina Heights purchased just 20 months ago for $872,000, sold for $1.191m.
6/35 Pine Street, Bulimba sold for $885,000.
“These results show how strong the townhouse market has become in Brisbane’s inner east,” Ms Gianniotis said.
“Buyers see them as a smart entry point with great capital growth potential.”
Richard Hain of Place Ascot sold 1/55 Princess St, Camp Hill under the hammer at an in-room auction; a three-bed townhouse that was hotly contested, selling for $1.112m.
68 Hawdon St, Wilston sold for $3.006m.
Meanwhile, a Wilston house attracted a large crowd when it sold under the hammer for $3.006m.
All up, 16 registered bidders signed up with six active bidders fighting for 68 Hawdon St.
It went to auction via Ray White Wilston’s Alistair Macmillian and sold to a young couple with two children.
“My sellers bought it as a cottage and underwent the extensive renovation,” Mr Macmillian said.
“They completed the renovation in 2019 and they have since upgraded to a new house that I sold them in Grange”
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