This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia.
Saturday, March 15, 2008
Brisbane Auction Results for early March 2008
From APM Home Price Guide Newsletter:
In Brisbane this week 171 properties were auctioned and the clearance rate was 41%. Last week, 102 properties went to auction and the clearance rate was 47%. During this week of last year 46 properties went to auction with 59% selling at auction or prior.
17 properties were auctioned this week on the Gold Coast and the clearance rate was 20%. Last week 49 properties were auctioned with 22% selling at auction or prior. During this week last year the clearance rate was 58%.
Aurora, 420 Queen Street - Apartment 336 (6th Floor) 2 bed, 2 bath, 1 car, reasonable river views - not sold - highest bid $535,000
For the week ending 8 March, auction results for apartments in Brisbane were not good.
At a midweek Ray White auction, there was good attendance. But mostly people watching the market. There were few active buyers.
Results of the midweek Ray White Auction
Charlotte Towers (128 Charlotte Street, Brisbane)
Apartment 3801 - Level 38 - 1 bed plus study - 57 sqm - no car park - sold at auction for $320,000 Apartment 3105 - Level 31 - 1 bed with big storage room - 60 sqm - no car park - not sold Apartment 2410 - Level 24 - 1 bed with large shower - 61 sqm - no car park - sold at auction for $310,000
[I suspect the above sales were below the original purchase price, so the seller made a loss.]
212 Margaret Street Apartment 1504 - not sold
River Park Central (120 Mary Street) Apartment 602 - 2 bed, 2 bath, 1 car - 85 sqm - not sold at auction - now listed for $420,000
Saturday Auction (Brisbane clearance rates were a low 44%; national clearance rates
Elysees (15 Walsh Street, Milton) Apt 33, Penthouse - 3 bed, 2 bath, 2 car - no bids at auction - now listed for $969,000
15 February Ray White Auction
Tempo (West End) 75/20 Donkin Street, 3 bed, 2 bath, 2 car - not sold - vendor bid of $800,000 - still listed for sale.