This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia.
Sunday, March 9, 2008
Not A Good Week for Auctions in Brisbane
This 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
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.
Other recent sales in Brisbane:
River Place, 1 bedroom with river view - Unit Type N (about 62 sqm including balcony) - no car park - Apt 116 - $370,000
Festival Towers, 2 bed, 2 bath, 1 car, Apt 1208, listed at $428,000, sold for $415,000 (one of the best floor plans in Festival Towers, 83 sqm plus small 3 sqm balcony, but now has no view as it looks into M on Mary).
Average price per sqm for these four recent sales (including balcony area) is $5,427. Festival and Charlotte are B minus buildings, Aurora is a B building, and River Place a B plus (due to location).