News Corp Australia Network
HOMES worth almost $21m sold in an inner-city auction event on Saturday, with multi-millionaires and first-home buyers sitting side-by-side in a demonstration of the depth of interest in Brisbane property this year.
Fifteen apartments and houses went under the hammer in the Ray White Event at the Calile Hotel in Fortitude Valley, with 10 properties selling at auction for between $595,000 and $3.4m, one selling for almost $4m prior to auction, and four others worth more than $14m passing in.
At one point, Ray White New Farm principal Matt Lancashire had car collectors salivating over what they could do with a five-car garage in the penthouse at 39/8 Dunmore Tce, Auchenflower, which eventually sold for $3.3m.
At the same time a local buyer with a budget of around $1.3m, was discussing Fantastic Furniture packages for a Hawthorne apartment if he ended up with the keys. He didn’t but it was not for want of trying, with the auction of 1/19 McDonald St, Hawthorne one of the most hotly contested during the event with bidders doing what Ray White auctioneer Haesley Cush called the “Taylor Swift shake”.
“We had three to four properties with over 10 registered bidders and there seemed to be this element of not wanting to miss out, with buyers saying ‘No’ multiple times and then bidding again. They were doing the Taylor Swift shake – shake and then bid again, shake and then bid again,” he said.
The three-bedroom apartment was the second last on the schedule and the crowd of 80-100 had dwindled to a little over a dozen when Mr Fantastic Furniture, sitting in the fourth row, finally got to raise paddle number 11.
Bidding started in the low $1m with Ray White Bulimba principal Scott Darwon providing the main competition. He was bidding on behalf of a local buyer on the phone. At $1.24m, Mr Cush announced the property was on the market. The fourth row bidder increased his offer to $1.317m, and Mr Darwon returned fire with $1.32m. At $1.328m in the phone bidder’s favour, the man in row four made another attempt to break away with a $1000 bid increase but it was not enough and the phone bidder restored his lead. “No, we’re done,” Mr Fantastic Furniture said but that turned out to be a ‘Taylor Swift shake’.
“Would you take $500?” he then asked. The answer was ‘Yes’ and the bidding continued until at $1.372m and with the budget for the furniture package well and truly thrown into the auction, Mr Fantastic Furniture bowed out and Scott Darwon’s phone bidder bought the house.