Riverfront properties up for auction
SOME of the region's most picturesque riverfront properties are among 17 properties going under the hammer at Ipswich International Hotel tomorrow.
A deceased estate at 367 Riverside Dr, Pine Mountain will be auctioned as five separate titles, offering three absolute riverfront blocks, one with the original homestead and one with an elevated home site.
Ray White Ipswich principal Warren Ramsey said the property, which had been tightly held by the Bell family for more than 80 years, had attracted a lot of interest.
Mr Ramsey said all five blocks offered fantastic views, easy access and power nearby.
The titles range from 4ha (11 acres) to 15ha (38 acres).
He said the lots were part of a large rural component with properties at Wanora, Mount Mort and South Ripley also offering a lifestyle change for many buyers.
"This time of the year people start to have that inclination of looking at rural properties and going rural," he said.
Residential properties at Raceview, Tivoli, Newtown, Coalfalls, Eastern Heights and Brassall were also set for auction tomorrow.
The round of auctions is on tomorrow at the Ipswich International Hotel, 43 South St, Ipswich, from 2.30pm.
He said auctions were the best way to gauge the market.
"Every record that has been broken has been through no price marketing. It's the auction that sets the price," he said.
"We've had a really good run for almost two years.
"Days on the market have reduced to 10 to 12 days.
"The negative effect we had in 2009 where the longer you held on to the property the less it was worth - it's certainly not the case now."