Auctions have really come into their own in the Noosa market with almost a 100 percent success rate in the past week.
Of the 13 properties marketed in Noosa Today 12 of them sold on or before auction day and the other one is under negotiation with conditional interest.
The auction success rate comes as buyers and agents scramble to deal with the number of multiple offers being presented.
Buyers are looking for transparency in the process and auctions give them that, seeing an open and even forum for determining what market value is.
For more than two decades I have been attending auctions, as they give the most immediate look at what the market is doing.
It does depend on the properties being presented on the day, the sellers expectations and the agent conducting the campaign.
What we are seeing is shorter auction campaigns being run to meet the demand from buyers wanting to secure a property.
FIVE FROM FIVE
It was an exciting weekend of auction action for Tom Offermann Real Estate, with cashed-up interstate, Brisbane and local buyers splashing out and many missing out on five properties, all sold under the hammer.
On Saturday at the Rebekah Offermann and Michael McComas-listed auction of 11 Depper St, Sunshine Beach, more than 130 people lined the verdant nature strips as 12 registered bidders held paddles up high and had their fingers crossed.
It was sold for $2.1m, and the Sydney-based vendor was happy to hand over the reins to thrilled local buyers who plan to build a family home.
There were close to 100 on-lookers and eight registered bidders at 3 Creek Rd, Noosaville, 84-year-old Una Johns’ home for the past 34 years.
The opening bid of $1m advanced quickly to $1.3m. A Brisbane couple with a small bub were ecstatic to have found their Noosa address.
Fifty groups inspected the Tracy Russell and Michael McComas-listed, locally owned luxury apartment at 1/80 Peregian Esp, Peregian Beach.
The auction attracted 30 people, three bidders were registered, and it was sold for $2.7m. Brisbane buyers intend to use it as a weekender or second home.
SUNDAY, SUNDAY
On Sunday, Tom Offermann auction action continued its fast pace at the Nic Hunter and Luke Chen-listed 1/18 Munna Crescent, Noosaville, a waterfront townhouse.
The beautiful day attracted an audience of 60 who arrived via the front door as well as the beach.
There were seven registered bidders, two groups, waist-deep in water listened as auctioneer Gordon Macdonald’s called “sold” at $3.45m.
Rebekah Offermann said, “it was a pleasure representing my Melbourne-based clients with FaceTime bidding today, helping them secure this primo riverfront at Bella Vista.”
With a blue-sky dotted with brahminy-kites, families enjoying activities on the Noosa River foreshore, plus 40 people and seven registered bidders the Eric Seetoo-listed, 4/267 Gympie Tce Noosaville, an original from 1972 with amazing views, had all the hallmarks of success.
A short, sharp campaign generated plenty of interest and at the short, sharp auction the hammer fell at $915,000. The price exceeded the vendor’s expectations and local retirees were over the moon.
FRIDAY ON MY MIND
Who said auctions don’t work of a Friday?
All four properties offered last Friday sold with good results.
If you have the right property at the right price people will put their hand up regardless of the day or time.
That’s what Janet O’Brien of Match Property found with 49 and 51 Weyba Esp, Noosa Heads.
The creekfront properties have been held in the same family for more than three decades.
The 516 sq m of vacant creek-front land was to be auctioned first, then the house – an unrenovated 1983 three-bedroom, two-bathroom high-set house on 516sq m.
Auctioneer Gordon Macdonald said the level of interest in the properties had meant they could have been sold several times over but the intent was always to go to auction.
As it turned out there were 19 registered bidders for the two properties.
Bidding on the vacant block started at $900,000 then $1m before rising in mostly $25,000s from those on the phone as well as on the ground.
It sold for $1.415m to local interest.
Janet O’Brien said the decision to go to auction was easy as there had been no comparable sales to put a value on the properties.
The two-level house saw a start of $800,000 then 900, and 25s to $975,000.
The auctioneer called for $1m but got $1.020m instead.
That stumped him for a minute but bidding resumed in 20s to $1.180m where it was sold to the under-bidder on the vacant land.
AUCTION SUCCESS
There are so many benefits to doing auctions on a Friday, according to Jeanette Catalano at Hinternoosa.
Jeanette took two properties to the market last Friday – one with colleague Sheridan Hodgetts at 219 Sunrise Rd, Eumundi, and the other with husband Mario Catalano at 39 Racehorse Lne, Lake Macdonald.
“We made sure plenty everyone had the opportunity to view the properties prior auction, with weekday evenings and weekend open for inspections,’’ Jeanette said, “then everyone made themselves available on the day to help with the process.
“Buyers love auctions at the moment as opposed to multiple offers … they might be making offers but do not know where they stand with them.
“With auctions they can see it in public and compete on the day.
“It’s a great time to sell but vendors need to know where they are going otherwise they will end up in the same situation. You need to have something already.’’
The five-bedroom, three-bathroom house and shed on 7996sq m at Sunrise Rd sold under the hammer for $1.325m.
“It attracted so much interest, mainly due to the location,’’ Jeanette said, “… coastal and Tewantin.
“There were four registered bidders, a $900,000 start and all were participating right up until it sold to a family from in the area.’’
The four-bedroom, two-bathroom house with pool on 1.61ha at Racehorse Lne attracted three registered bidders and spirited activity until it sold at $1.930m.
There were coastal and Brisbane bidders with Noosa Heads interest winning.
“They loved it,’’ Jeanette said. “It was everything they were looking for … the peace, the quiet, and a single-level house.’’
On the Saturday a 16-acre block at 96 Black Mountain Range Rd, Black Mountain, was put to the market at 9am by Jeanette and Sheridan.
The buyer was up from South Australia and had been looking for a property since March but had missed out. The property sold for $850,000.
LOCATION THE KEY
It took some negotiations but the position and privacy of the four-bedroom, four-bathroom house with pool at 3 Natasha Ave, Noosa Heads, has seen it go under contract.
Rick Daniel of Richardson & Wrench Noosa took it to market by tender and as we could imagine, that saw a number of parties respond at the right level.
Most were from Sydney and Melbourne but in the end it sold to a Sunshine Coast buyer at an undisclosed price.
“It was more than just a house,’’ Rick said. “More important is the location as you literally have only a handful of properties that sit on that ridge line.
“There is nothing else quite like it unless you are at Sunshine Beach or on Noosa Sound.
“That was the attraction.
“Quieter, not the exposure. Purely the location.
“There are only a limited number of opportunities to get those views, not just Noosa North Shore but also Noosa’s waterways.’’
A property such as this brings a lot of challenges to bring the sale together but Rick is building a reputation on results, and a solid work ethic.
It’s a matter of understanding what vendors go through, as well as the buyers.
“There were plenty of hurdles to negotiate,’’ he said. “The key is having a good buyer-audience reach and identify then qualify them, understand their requirements.
“That’s the most important thing.’’
STRONG EARLY OFFERS
Reed & Co had strong offers early in the auction campaign for the four-bedroom, two-bathroom house with pool at 12 Wyuna Dve, Noosaville.
Yet most interest was conditional so the decision was made to negotiate directly with a price guide of $3m.
“It’s one of those great positions,’’ Adrian Reed said, “within walking distance to Hastings St, Noosa Main Beach, Noosa Junction and Gympie Terrace.
“It’s a superbly presented residence that is also very private with only one neighbouring property.’’
Selling prior to auction Saturday was the four-bedroom, three-bathroom home by Tim Ditchfield design at 537/61 Noosa Springs Dve, Noosa Heads.
“There has been a real resurgence in Noosa Springs and property there represents great value,’’ Adrian said.
“The estate has been attracting a new suite of buyers – families and professional couples as well as retirees looking for secure golf-front living.
“We expect it to be a strong growth period in next 12 months.’’
Other listings to watch for include 35 The Peninsula, Noosa Waters, that goes to auction Wednesday, April 21, at midday.
The five-bedroom, four-bathroom, single-level house with pool and jetty is on 891sq m with long water views.
“It will be hotly contested,’’ Adrian said. “People have been waiting for that opportunity.
“It’s an A-grade site.’’
Another property going to auction on April 21 is 7 Seahorse Place, Noosa Waters.
The prestige five-bedroom, four-bathroom house with jetty and pool will go to the market at 1pm that day.
Meanwhile Reed & Co’s Kate Cox has just listed what she believes to be one of best auction properties … the perfect downsizer at 21/5 Riverstone Ct, Tewantin.
It features a main bedroom on the ground floor of the town home, that is in a gated estate, and has a private pool as well as courtyard.
MARLIN DVE PROPERTY HOOKED
The three-bedroom, two-bathroom house with study at 20 Marlin Dr, Noosaville, attracted a huge amount of buyer interest from local owner-occupiers to interstate investors in the lead-up to the scheduled auction on April 3.
Melanie Butcher of Laguna Real Estate said it was a great location on offer, with an easy walk to the Noosa Yacht Club, Gibson Road shopping hub and the fabulous assortment of restaurants on Gympie Tce and Thomas St.
“This much loved home is in original condition and can do with a lift.
“The interstate buyer chose to take the property off the market prior to auction, and is intending to value-add to capitalise on the prime location.’’
HEART OF NOOSA
Sharon McLure at Laguna Real Estate has a beautiful four-bedroom, three-bathroom house with pool at 19 Grosvenor Tce, Noosa Heads, ready to sell at auction on Saturday, April 17, at 11am.
“It’s a magnificent family home in a quiet cul-de-sac right in the heart of Noosa,’’ Sharon said.
“The campaign has been going well.
“We have been seeing nearly all local buyers up to now … from Noosa Waters to Sunshine Beach.
“They are quality buyers, attracted by the location of such a tightly-held area.
“There have been a lot of calls off past unit sales, and Melbourne buyers looking for investment properties.
“A lot of conversation has been around a five-year plan and then deciding whether to move and when.
“They are securing a place in Noosa. It’s like insurance buying and having a back-up plan in case of any further changes.’’
AUCTION ACTION
THURSDAY, April 8
Tewantin
26 Dun St: 4bed, 2bath, 2car house, Robyn Opperman 0408 106 954 Dowling Neylan. Seven registered bidders. Sold at auction
FRIDAY, April 9
Eumundi
219 Sunrise Rd: 5bed, 3bath, 8car house, shed on 7996sq m, Jeanette Catalano 0422 923 851, Sheridan Hodgetts 0419 491 448 Hinternoosa. Sold under the hammer $1.325m
Lake Macdonald
39 Racehorse Lane: 4bed, 2bath, 11car house, pool shed on 1.61ha, Jeanette Catalano 0422 923 851 Mario Catalano 0400 613 879 Hinternoosa. Sold under the hammer $1.930m
Noosaville
51 Weyba Esp: 3bed, 2bath, 2car house, Janet O’Brien 0400 707 568 Match Property. Sold under the hammer $1.180m
49 Weyba Esp: Vacant 516sq m waterside lot, Janet O’Brien 0400 707 568 Match Property. Sold under the hammer $1.415m
SATURDAY, April 10
Noosa Heads
537/61 Noosa Springs Dve: 4bed, 3bath, 2car house, pool, 2pm, Adrian Reed 0409 446 955 Adrian Wood 0404 861 508 Reed & Co. Sold prior
3 Creek Rd: 3bed, 1bath, 1car house, Tim McSweeney 0411 122 331 Tom Offermann Real Estate. Sold under the hammer $1.3m
12 Wyuna Dve: 4bed, 2bath, 3car house, pool, 12pm, Darren Neal 0401 212 505 Adrian Reed 0409 446 955 Reed & Co. Dealing with conditional interest
Peregian Beach
1/80 Peregian Esp: 3bed, 2bath, 2car apartment, Tracy Russell 0413 319 879 Michael McComas 0447 263 663 Tom Offermann Real Estate. Three registered bidders. Sold under the hammer $2.7m
Sunshine Beach
11 Depper St: 3bed, 1bath, 1car house, Rebekah Offermann 0413 044 24 Tom Offermann Real Estate. Sold under the hammer $2.1m
SUNDAY, April 11
Noosaville
1/18 Munna Cres: 3bed, 2bath, 1car waterfront townhouse, Nic Hunter 0421 785 512 Luke Chen 0417 600 840 Tom Offermann Real Estate. Sold at auction $3,450,000
10 Como Resort, 169 Gympie Tce: 2bed, 2+bath, 2car top-floor apartment, Lisa McKenzie 0417 776 361 07 5447 2451 Century 21 Conolly Hay. Sold at auction $1.9m
4/267 Gympie Tce: 3bad, 1bath, 1car riverfront apartment, Eric Seetoo 0419 757 770 Tom Offermann Real Estate. Sold at auction $915,000
SATURDAY, April 17
Marcus Beach
13 Cherrywood Cl: 4bed, 2bath, 2car house, pool, 2pm, Tracy Russell 0413 319 879 Tom Offermann Real Estate
Noosa Heads
19 Grosvenor Tce: 4bed, 3bath, 2car house, pool, 11am, Sharon McLure 0400 084 975 Laguna Real Estate
Noosaville
16 Lilly Pilly Pl: 3bed, 2bath, 8car house, 11am, Robyn Opperman 0408 106 954 Dowling Neylan
12 Jailee Ct: Vacant 655sq m site, 1pm, Michael McComas 0447 263 663 Tom Offermann Real Estate
Noosa Waters
183 Shorehaven Dve: 4bed, 3bath, 2car waterfront house, pool, jetty, 6.30pm, Dan Neylan 0412 764 370 Imika Neylan 0405 976 181 Dowling Neylan
Sunshine Beach
66 Seaview Tce: Cleared 574sq m site with 22.3m beach frontage, 10am, Tom Offermann 0412 711 188 Tom Offermann Real Estate
WEDNESDAY, April 21
Noosa Waters
35 The Peninsula: 5bed, 4bath, 2car waterfront house, pool, jetty, 12pm, Adrian Reed 0409 446 955 and Darren Neal 0401 212 505 Reed & Co Estate Agents
THURSDAY, April 22
Pomona
25 Hollis Rd: 4bed, 2bath, 4car house, pool, shed on 0.76ha, 6pm, Karen Corbett 0427 816 156 Elders Gympie
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