Auctions have shown their benefit as a means of providing transparent negotiating in a time of when buyers and sellers try to navigate the multi-offer maze.
In such a buoyant market, the auction process is seen as the best way to determine what the market is prepared to pay for a property.
Hinternoosa’s Kess Prior has decided to move towards auctions again rather than private treaty because in the current market buyers are much more desperate to secure a property.
“They have been very unhappy with the multiple offer situation in such a short space of time, which is often within days of the property hitting the market,’’ she said.
“The auction process is a transparent and clear method of sale.
“It also allows the buyers more time, as the current auction campaign is running at three weeks maximum.
“Pre covid, auctions were never a strong method of sale in the Noosa hinterland. Now, it couldn’t be better.
“Every property we have listed for auction has sold under the hammer and for well over the reserve.
“Buyers and sellers are happy with the process.
“They are able to put forth their offer in an open and transparent forum.’’
That was seen on Friday and Saturday when Hinternoosa took two properties to auction with great success.
Kess, together with Hinternoosa colleague Graham Smith, took the three-bedroom, two-bathroom house on 2.88ha at 64 Binalong Rd, Pinbarren, to auction Friday.
“It was a cracking cracking property, with 10 registered bidders,’’ Kess said. Two fought it out to $1,312,500.’’
The buyer was from Doonan and the underbidder from Rockhampton.
Other interest was from South east Queensland, including Brisbane, as well as phone from Sydney. The buyers were coming from a very large house and wanting to enjoy the country setting.
On Saturday, Kess and Graham put the four-bedroom, two-bathroom waterfront house with pool at 46 Cooran Ct, Noosa Heads, to the market.
“It was very good bidding,’’ Graham said. “Bidding started at $4.6m then got to $4.825m.
“Two parties from Brisbane fought it out in $25,000 and $75,000 lots to $5.350m.
“Both were familiar with the area, and had holidayed here.
“The eventual buyers were staying in Mosman Ct.
“When the property first went on the market, these people made an offer sight unseen.
“They later withdrew it as they realised it was worth more.
“They later said it was the first auction they had been to outside of charity events with rugby jerseys.’’
CAPE COD CHARM
Rob Spencer of Sunshine Beach Real Estate had five registered bidders on Saturday for the 9 Paul St, Noosa Heads, auction.
Bidding for the three-bedroom, two-bathroom Cape Cod-style house started at $1m and went straight to $1.2m.
There was a crowd of 50-60 on hand to see it come down to a battle in two with a local couple the last ones standing and the bidding at $1.501m.
The appeal was the quiet location and character of the home, Rob said.
“It had a feel-good aspect. The Cape Cod charm came into play.’’
MARATHON EFFORT
It was a frantic Friday for Tom Offermann Real Estate’s Chris Miller with more than 100 bids for the two-bedroom, two-bathroom penthouse apartment 6/26 Noosa Drive, Noosa Heads.
Saturday has long been the domain of auctions, however with the increase in property numbers, also registered bidders, agents have widened the window of opportunity to Friday and Sunday. Last weekend was the perfect example for Tom Offermann Real Estate.
On Friday, after an extraordinarily strong campaign for the Noosa Hill Resort penthouse apartment, Chris Miller still had three of the seven registered bidders still in the action after 45-minutes.
The hammer finally fell at $1.135m with the Melbourne buyers looking forward to sundowners from their private rooftop terrace and the spectacular views that go with it.
Chris was ecstatic with the result, delivering a new record for Noosa Hill Resort.
On Sunday, auction focus was on an acreage site – the Roark Walsh-listed 19 Minura Ct, Doonan.
The property attracted 13 registered bidders. It started at $700,000 and the eventual buyers were a young local young family who secured their dream house site for $995,000.
LUCKY 13
Nathan Howie of Noosa Estate Agents had 13 registered bidders on Friday for the four-bedroom, two-bathroom family house with pool at 13 Aspera Pl, Noosaville.
On 1309sq m with natural bushland surrounds, the stylish home saw bidding from $1.211m to $1.71m where it sold to local buyers looking for a family home.
Other interest was primarily Noosa and surrounds, with three registered for on-line bidding.
Nathan next has a four-bedroom, two-bathroom house with pool at 106 Shorehaven Dve, Noosa Waters, set for auction at 2pm on Wednesday, June 9.
OH, SO INVITING
With one of the best driveways in the hinterland, there was a real sense of arrival – and expectation – for the auction of 142 Mary River Rd, Cooroy, on Saturday morning.
On offer was the four-bedroom, three-bathroom house with pool, separate guest accommodation plus stables, shed and dam on 8.4730ha.
Marketed by Robyn Kildey and Eliot Krause of Countryside Realty, the auction even attracted the presence of award-winning builder Garth Chapman for what he considered one of his favourites.
Auctioneer Gordon Macdonald sought an opening bid in the mid to high $2million range.
With two phone bidders and three others present, the property was sold at auction for $2.9m so starting another chapter for the landmark property.
BEAUTY AT PEREGIAN
The beauty of Peregian Beach is its natural appeal – ocean one side and national park the other.
And they are probably less than a kilometre apart.
This Saturday at 1pm Roark Walsh of Tom Offermann Real Estate is taking the four-bedroom, two-bathroom, two-car architect-designed house with pool at 47 Spoonbill St, Peregian Beach, to auction.
“The response so far has been no investors,’’ Roark said. “They are all people who want to live here.
“It’s a great house. Nine years old yet it presents as new.
“Designed by Bark Architects, it’s timeless.
“Architect designed homes stand out … like acreage in town.
“It’s on a long block so it’s like living in the bush.’’
The appeal is the open living, Roark said.
“When you stand at the kitchen bench, you are connected to the lounge, dining and pool.
“Polycarbonate walls allow the filtered light through. The concrete slab in the dining area is all heated.
“There is no need for air-conditioning … it’s all cross-flow ventilation so it’s cool in summer, warm in winter.
“There is no waste space … lots of storage and cleverly designed areas for entertaining.’’
Created from sustainable materials and respecting the natural flow of the land, Spoonbill House was designed to preserve and celebrate the existing trees resulting in the ultimate bush to beach house.
TURNING HEADS
Lauren Chen of Tom Offermann Real Estate has been going from one phone call to another in the lead-up to the auction Saturday, May 29, at 12pm of 49/5 Quamby Pl, Noosa Heads.
The two-bedroom, two-bathroom apartment in Culgoa Point Resort has been attracting a whole mix of interest, Lauren said.
“Interestingly the Culgoa renovations have started to make heads turn.
“A lot of existing owners are interested in acquiring another one. Others like the complex and want to get in and upgrade later.
“They are attracted by the return holiday bookings and the future of travel in Australia in the coming year.’’
Lauren also has 26/5 Quamby Place Noosa Heads 2bed, 2bath, 1car apartment, 5pm, Lauren Chen 0412 672 375 Tom Offermann Real Estate
Major building renovations completed in 2020 combined with its unique 300m beachfront and private marina, elevates Culgoa Point Resort to one of Noosa’s freshest waterfront complexes. Unit 26 boasts the highly desirable North-East aspect, and is ready for you to start enjoying well earned breaks in Noosa!
AUCTION ACTION
FRIDAY, May 21
Noosa Heads
6/26 Noosa Dve: 2bed, 2bath, 2car apartment, Chris Miller 0412 894 542 Tom Offermann Real Estate. Seven registered bidders, from $850,000. Sold at auction $1.135m
Noosaville
13 Aspera Pl: 4bed, 2bath, 2car house, pool on 1309sq m, Nathan Howie 0414 424 333 Noosa Estate Agents. Thirteen registered bidders from $1.211m, sold at auction $1.71m
Noosa Waters
183 Shorehaven Dve: 4bed, 3bath, 2car waterfront house, pool, jetty, Dan Neylan 0412 764 370 Imika Neylan 0405 976 181 Dowling Neylan. Three registered bidders. Sold at auction $4.10m
Pinbarren
64 Binalong Rd: 3bed, 2bath house on 2.88ha, Kess Prior 0404 344 399 Graham Smith 0408 874 888 Hinternoosa. Ten registered bidders, sold at auction $1,312,500
SATURDAY, May 22
Cooroy
142 Mary River Rd: 4bed, 3bath, 12car house, pool, separate guest accommodation plus stables, shed and dam on 8.4730ha, Robyn Kildey 0414 425 350 and Eliot Krause 0409 920 861 Countryside Realty. Bidding from $2m, sold at auction $2.9m
Noosa Heads
9 Paul St: 3bed, 2bath, 2car house, pool, Rob Spencer 0408 710 556 Sunshine Beach Real Estate. Five registered bidders, from $1m. Sold at auction $1,501,000
46 Cooran Ct: 4bed, 2bath, 2car waterfront house, pool, Kess Prior 0404 344 399 Graham Smith 0408 874 888. Sold at auction $5.350m
Noosaville
5/221-227 Gympie The: 2bed, 2bath, 1car apartment, Bettina Mertel 0404 473 937 Laguna Real Estate. Continuing to negotiate with interested parties
Tewantin
499 and 500, 3 Hilton Tce: 2bed, 2bath, 2car dual key apartment, Roger Omdahl 0412 043 880 Laguna Real Estate. Sold prior
SUNDAY, May 23
Doonan
19 Minura Ct: Vacant 0.75 ha block, Roark Walsh 0437 447 804 Tom Offermann Real Estate. Sold at auction $995,000
Noosa Heads
24 Sarah Ct: 3bed, 3bath, 2car house, Kate Cox 0438 695 505 Tony Cox 0402 003 773 Reed & Co. Sold at auction $1,850,000
26 David St: 3bed, 2bath, 2car house, pool, Kate Cox 0438 695 505 Tony Cox 0402 003 773 Reed & Co. Sold at auction $1,565,000
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