More evidence buyer confidence is returning to Townsville’s property market
BIDDERS have been out in force in the last couple of weeks, with Ray White agent Julie Mahoney selling five out of five properties at the company’s Townsville auction event at the end of June.
Principal at Ray White Julie Mahoney said all the homes on offer were in the inner-city and were either fully renovated or on larger blocks, with four surpassing their reserve prices.
Renovated Queenslander sells under the hammer for bargain price
Golden opportunity for first home buyers in Townsville
“It’s not every night you have a 100 per cent clearance rate and we achieved nearly $1.4m combined for our vendors, so it was a great evening,” Ms Mahoney said.
“Townsville is fast approaching a ‘normal’ market and the announcement of massive projects and the Adani approval has signalled confidence and the promise of numerous job opportunities.
“The election has definitely resulted in renewed confidence in property as an investment option for the future.”
Ms Mahoney said the properties at 8 Murray St ($597,000), 17 Mary St ($335,000), 10A Cowley St ($235,000) and 18 Dillane St ($222,500) all sold under the hammer, with 10 Palm St in Rowes Bay selling prior to auction for $925,000.
“Palm St is on a large 802sq m corner position in the much-desired Rowes Bay front and offers the perfect base for people who love sea views,” Ms Mahoney said.
“Murray St is a beautiful Queenslander that provides city and ocean views from the dual verandas, and the covered back deck makes it an entertainer’s delight.
“Mary St is a wonderful character cottage on a massive 1214sq m block and has been modified over the years with a stroke of the 1960s.”
Ms Mahoney also praised the features of other properties sold on the evening. “Cowley St is an entry-level home with 1930s detail and provides the ever popular low-maintenance living option,” she said.
“And Dillane St is a character cottage ripe for renovation or development and offers side access with a large backyard and shed.”
Ray White Queensland chief auctioneer Mitch Peereboom said there was a real buzz in the auction room and the 100 per cent clearance was proof auctions were the best form of selling.
“There were a number of active bidders who were simply unwilling to let go on properties they had clearly desired throughout the campaign,” Mr Peereboom said.
“In the crowd, there were 14 active and 21 registered bidders across the four homes, with a total of 39 bids throughout the evening.
“Auction as a method of sale is one we believe in and have always recommended to our clients — we still believe it’s the purest form of selling real estate.”
Ms Mahoney is currently marketing a four-bedroom home at 5 Wateredge Cove in Douglas which will go to auction on Tuesday at 6pm.
READ MORE NEWS