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
• Charlotte Towers, 2 bedrooms, 1 bath, 1 car - 27th floor - apartment 2703, 82sqm total including alfresco dining area - $461,000
• Aurora - 2 bed, 2 bath, 1 car, Apt 301, 107 sqm including balcony, listed at $600,000, sold for $570,000
• 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).