Michael and Danielle Broad of Redbank Plains snapped up a property at the Ray White mega auction.
Michael and Danielle Broad of Redbank Plains snapped up a property at the Ray White mega auction. David Nielsen

Plenty of bidding at big auction

A PATCHY market didn't deter bidders in the massive Ray White mega auction yesterday.

Eleven of 46 properties had sold at the end of the auction, with a handful still in negotiations.

Ipswich principal Warren Ramsey said the results were good considering the market.

"We should have sold about 20 by next Friday, which means we were well over our target of 20%," Mr Ramsey said.

"We're not sure how many registered bidders we had but most properties had at least one and a few had up to four.

"Since the last auction registration numbers are down, the general public interest level is down, however I have a feeling if we're not on the bottom we're looking at it and might be close to turning the corner.

"Overall we're pretty happy with it."

One of the best bargains of the day was a two-bedroom deceased estate at Pine Mountain Rd, Brassall, which sold for $208,000.

"It was encouraging, lots of activity on that one," Mr Ramsey said.

"A three-bedroom house at 26 Hume St, Woodend sold under the hammer for $358,000."

Ray White's Bundamba, Forest Lake, Goodna, Ipswich, Redbank Plains, Springfield and Yamanto offices were all be involved in the mega auction.

The auction was held at the Spring Lake Hotel from 10am.



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