Saturday, March 1, 2014
Admiralty One
Tuesday, January 21, 2014
Are Auctions A Good Way to Sell Property?
Saturday, September 14, 2013
I just don't understand
You can buy a year old apartment in Meriton's Soleil as follows:
- 93 sqm internal
- No balconey
- Air conditioning not ducted
- 2 bedrooms, 2 bathrooms
- Facing West, so hot in the summer
- General views of an ugly part of Brisbane
- Large, impersonal building, used as a hotel
- Your neighbour may be an Eastern European hooker or a football team on tour
- Price = $629,000 (apartment 4403) - $6,763 a sqm
- 113 sqm total
- Massive balconey
- Riverfront
- 2 bedrooms, 2 bathrooms
- Outdoor pool overlooking the river
- Price - $659,000 (apartment 54) - $5,831 a sqm
- 130 sqm total
- Two balconies
- Ducted air-conditioning
- About 130 apartments in building
- Views of botanical gardens
- 2 bedrooms, 2 bathrooms
- Price - about $600,000 - $4,615 a sqm
- 130 sqm in total
- Balconey
- Direct riverfront
- Ducted air-conditioning
- 2 bedrooms, 2 bathrooms, separate laundry room
- North Eastern view
- About 120 apartments in the building
- Auction -- there has not been a similar apartment sold in this building for years.
Saturday, July 13, 2013
Auctions Not Popular in Brisbane
See RP Data report
Saturday, September 22, 2012
Brisbane Apartment Recent Auction Results
Aurora - 420 Queen Street, Apt 286 - passed in
Skyline, 30 Macrossan Street, Apt 304 - passed in
Admiralty Quays, 32 Macrossan Street, Apt 95 - passed in
Monday, May 7, 2012
Charlotte Towers Sale
Monday, March 26, 2012
Ray White Auction Results
- Apt 2804 Charlotte Towers, 1 bed, 1 bath, no car - sold prior to auction
- Apt 2808 Charlotte Towers, 2 bed, 2 bath, 1 car - sold for $510,000.
- Apt 3409, Festival Towers, 2 bed, 2 bath, 1 car - passed in at $480,000.
- Apt 287, River Place, 2 bed, 2 bath, 1 car - unsold, inspect now!
Tuesday, February 21, 2012
Casino Towers Auction Result
The owner/vendor purchased this apartment in August 2006 for $875,000, and so lost money.
The first owner purchased this apartment off the plan from Devine for $840,000 in 2005, and so over 6 years, this apartment went down in value.
Sunday, November 27, 2011
"Auctions A Bad Way to Sell"
Friday, November 11, 2011
River Place Auction Sale
From a Ray White email:
"Brisbane's CBD Prestige Market Is Running Hot!!
This morning over 100 people attended the auction for 326/82 Boundary Street, a River-front penthouse in River Place.
With 18 registered bidders there could only be one outcome, a successful sale reaching $1.497M!
This proves there are buyers out there wishing to secure quality properties within the Brisbane CBD."
Friday, October 28, 2011
Ray White Auction
Sunday, October 23, 2011
Bidding at Auction Via Skype
Thursday, September 29, 2011
Auctions for Apartments
Ray White South Brisbane in its latest newsletter writes:
"Last night Ray White South Brisbane & CBD Residential again held it's monthly In Room Gala Auctions at the Greek Club with 19 properties going under the hammer. A busy night was had by all with over 200 people attending and 48 registered bidders on the night. 8 properties sold under the hammer & further negotiations are taking place on 4 other properties which should deliver over 60% clearance showing again that the 'hammer' beats a flat market."
But HS Brisbane Property's newsletter this weeks says:
"Love affair" with Auctions at an end! Once touted as the best way to achieve the best price, our 'love affair' with auctions seems well and truly at an end. Just on 80% of sellers in Queensland would want to sell their property through an auction, preferring to go through the "normal" private treaty sales process are even more sceptical, with a staggering 83%* avoiding auctions. The main reasons for buyers' steering clear of this type of purchasing process are:
Saturday, July 30, 2011
Riparian Update
Sunday, July 17, 2011
Dumb Advertisement
Saturday, June 4, 2011
Admiralty Two - Doing Well
Recent Brisbane Auction Results
- Felix, Apt 121, 1 bed, no car - failed to sell at or after auction, now listed for $330,000
- Felix, Apt 147, 2 bed, 2 bath, 1 car, end apartment - failed to sell at or after auction, now listed for $470,000
- Charlotte Towers, Apt 605, 1 bed, no car - failed to sell at or after auction, now listed for $315,000
- Charlotte Towers, Apt 2401, 1 bed, 1 car - failed to sell at or after auction, now listed for at the unrealistic price of $410,000
- Festival Towers, Apt 906, 1 bed, no car - failed to sell at or after auction, now listed for $320,000
- River Park Central - Apt 603, 2 bed, 2 bath - failed to sell at or after auction, now listed for $410,000
- River City, Apt 1803, 2 bed, 2 bath - failed to sell at or after auction, now listed for $433,000
- Aurora, Apt 626, 3 bed - failed to sell at or after auction, now listed for $1,300,000
- Grosvenor, Apt 1504, 3 bed - - failed to sell at or after auction, now listed for $1,800,000
Monday, May 30, 2011
Markup Update
Friday, May 6, 2011
The Mood In Brisbane
Wednesday, April 20, 2011
Sunshine Coast Troubles
Despite bids on 30 of the 36 units none was sold, although post auction talks continued later yesterday. Reed Property chief executive Ken Reed said the market was soft. “It’s a buyer’s market. Conditions on the Sunshine Coast are not too different from elsewhere in south-east Queensland,” he said.
An opening bid of $65,000 for an 88 square metre one-bedroom unit was the lowest offer made. One of the 512sq m penthouses attracted a maximum bid of $600,000 after it was listed for $1.58 million. Kings Beach residents Deborah and Jeff Taylor said the event was “a fizzier”. “The marker is so depressed at the moment. Things are selling for prices you wouldn’t believe. There are so many units on the market around here at the moment,” Mrs Taylor said.
The $65 million tower has access to a Greg Norman-designed championship golf course, pools, tennis courts and a gym."