PROPERTY NEWS
AUCTIONS SHINE THROUGH IN BUSY TIME PROPERTY MATTERS ERLE LEVEY AUCTIONS have shown their benefit as a means of providing transparent negotiating in a time of when buyers and sellers try to navigate the multi-offer maze. In such a buoyant market, the auction process is seen as the best way to determine what the market is prepared to pay for a property. Hinternoosa’s Kess Prior has decided to move towards auctions again rather than private treaty because in the current market buyers are much more desperate to secure a property. “They have been very unhappy with the multiple offer situation in such a short space of time, which is often within days of the property hitting the market,’’ she said. “The auction process is a transparent and clear method of sale. “It also allows the buyers more time, as the current auction campaign is running at three weeks maximum. Proudly Australian Owned & Independent noosatoday.com.au
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A jubilant Chris Miller after the record sale for Noosa Hill Resort. 238266
A four-bedroom, two-bathroom, two-car architect-designed house with pool at 47 Spoonbill St, Peregian Beach, goes to auction Saturday, May 29, at 1pm. 238266
“Pre Covid, auctions were never a strong method of sale in the Noosa hinterland. Now, it couldn’t be better. “Every property we have listed for auction has sold under the hammer and for well over the reserve. “Buyers and sellers are happy with the process. “They are able to put forth their offer in an open and transparent forum.’’ That was seen on Friday and Saturday when Hinternoosa took two properties to auction with great success. Kess, together with Hinternoosa colleague Graham Smith, took the threebedroom, two-bathroom house on 2.88ha at 64 Binalong Rd, Pinbarren, to auction Friday. “It was a cracking cracking property, with 10 registered bidders,’’ Kess said. “Two fought it out to $1,312,500.’’ The buyer was from Doonan and the underbidder from Rockhampton. Other interest was from South east Queensland, including Brisbane, as well as phone from Sydney. The buyers were coming from a very large house and wanting to enjoy the country setting. On Saturday, Kess and Graham put the
four-bedroom, two-bathroom waterfront house with pool at 46 Cooran Ct, Noosa Heads, to the market. “It was very good bidding,’’ Graham said. “Bidding started at $4.6m then got to $4.825m. “Two parties from Brisbane fought it out in $25,000 and $75,000 lots to $5.350m. “Both were familiar with the area, and had holidayed here. “The eventual buyers were staying in Mosman Ct. “When the property first went on the market, these people made an offer sight unseen. “They later withdrew it as they realised it was worth more. “They later said it was the first auction they had been to outside of charity events with rugby jerseys.’’ CAPE COD CHARM Rob Spencer of Sunshine Beach Real Estate had five registered bidders on Saturday for the 9 Paul St, Noosa Heads, auction. Bidding for the three-bedroom, twobathroom Cape Cod-style house started at $1m and went straight to $1.2m. There was a crowd of 50-60 on hand to see it come down to a battle in two with a
local couple the last ones standing and the bidding at $1.501m. The appeal was the quiet location and character of the home, Rob said. “It had a feel-good aspect. The Cape Cod charm came into play.’’ MARATHON EFFORT It was a frantic Friday for Tom Offermann Real Estate’s Chris Miller with more than 100 bids for the two-bedroom, twobathroom penthouse apartment 6/26 Noosa Drive, Noosa Heads. Saturday has long been the domain of auctions, however with the increase in property numbers, also registered bidders, agents have widened the window of opportunity to Friday and Sunday. Last weekend was the perfect example for Tom Offermann Real Estate. On Friday, after an extraordinarily strong campaign for the Noosa Hill Resort penthouse apartment, Chris Miller still had three of the seven registered bidders still in the action after 45-minutes. The hammer finally fell at $1.135m with the Melbourne buyers looking forward to sundowners from their private rooftop terrace and the spectacular views that go with it.
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