News

Family homes in Brisbane’s smallest and most exclusive suburbs inspire bidders to go big

By Demi Treloar

….Later on Saturday in tiny and family-oriented Kalinga, another family home was the subject of competitive bidding.

The auction kicked off with a low bid of $500,000 for the four bedroom home at 46 Bertha Street, but it quickly went up to $1 million with about two dozen bids.

After a brief pause, the home was placed on the market and sold for $1,049,000 shortly after.

Auctioneer David Treloar said the competition proved the popularity of small, exclusive and family-oriented suburbs.

“A clear barometer of the market is how many registered bidders there are prepared to enter into unconditional contracts at the market price,” he said.

“With seven registered bidders and 80 groups through, and with a bit of competition we were able to push it higher than pre auction offers and the seller’s expectations.”

Kalinga’s streets were lined with high-quality homes, and Mr Treloar said that also drove up prices.

“It’s an exclusive little pocket now, it’s really becoming a really desirable location,” he said. “It’s an area where you can drive down and see the continual money being invested in the homes. It’s a really house proud and small little pocket.”

For the full and original article please visit: https://www.domain.com.au/news/family-homes-in-brisbanes-smallest-and-most-exclusive-suburbs-inspire-bidders-to-go-big-20180224-h0wl7a/

Up to Date

Latest News

  • AFL Lion to cash out in Brisbane

    AFL Brisbane Lions star player Daniel Rich has decided to cash out — of his home that is — and he stands to make a pretty packet from this exit. A statement released this morning confirmed that Rich had signed on an old teammate — and former house mate — … Read more

    Read Full Post

  • First Look at $750 Million Albion Train Station Revamp

    Brisbane-based developer Geon Property has lodged plans for stage one of the $750 million Albion Train Station precinct redevelopment. The project, dubbed Albion Exchange, is a ten-stage project set to be delivered over 15 years with community consultation on the future masterplan to commence shortly. The site has been earmarked … Read more

    Read Full Post