Giant auction draws crowd
THERE was standing room only as 67 properties went under the hammer at Brookwater Golf Club at the weekend.
Real estate agent Ray White combined the resources of seven of its offices in Ipswich and Forest Lake to successfully auction off 16 of the listed properties from about 10am Sunday.
Since then, Ray White licensed agent and auctioneer Trent Quinn said at least another eight properties had gone under contract.
“To be honest it caught us by surprise – we had to ask Brookwater to open up another adjoining room to fit all the people in,” he said.
“We had a lot of happy buyers and sellers.”
There was a wide variety of properties up for sale – from traditional homes to acreages, vacant blocks and even a flood-affected property in Graceville – the only non-Ipswich property to go under the hammer on the day.
The majority of homes – about 40 per cent – were in the Goodna and Redbank Plains area.
But other suburbs in Ipswich, the Rosewood area and the Brisbane Valley were also covered.
Among those to sell was a 60-acre rural block at Glamorganvale, in the Brisbane Valley, which fetched a tidy $700,000.
Another property at Mt Marrow, near Marburg, went for $550,000, while a flood affected home and land at Graceville sold for $380,000.
Mr Quinn said those properties that didn’t sell at auction would at least have attracted increased interest from potential buyers thanks to Sunday’s effort.
“What we have been able to do is to generate interest,” he said.
“That’s why we take property to market via auction – in a matter of four weeks we were able to generate interest on property where it would usually take a lot longer.
“The one thing we are most happy about is the result and the number of people that attended.”
It was a drastic improvement on a previous Ray White auction, staged in Gatton last week, where all 13 properties for sale were passed in.
There were only nine registered bidders on the day, possibly providing some insight into the challenges facing those trying to sell property at the moment.
Despite talk that the south-east Queensland real estate market was crippled, Mr Quinn said there were always good value properties available and plenty of interested buyers – and the weekend’s auction was proof.