Homes in Carindale, Holland Park West and Hendra sell at auction

“Carindale is a really popular part of the city and we had a pretty good cross-section of investors looking at the land bank… but on the other side of the coin the house was an incredibly liveable place with a lot of scope,” Wortley said.

Carindale’s average house price has increased by 94.4 per cent in the last five years and 10.2 per cent in 12 months to $1.73 million.

The house was among 174 auctions held in south-east Queensland over the weekend. As of Saturday evening, Domain recorded a preliminary clearance rate of 45 percent, with 16 homes withdrawn from 117 results reported.

In Holland Park West, a three-bedroom post-war home with rare city views that’s ready to be renovated or blown up sold for $2.07 million with six active bidders.

Located on a 617 square meter block with panoramic city skyline views, the property at 63 Dagmar Street attracted 13 registered bidders, from developers to investors and families.

A property owner hoping to build his dream home walked away with the prize, marking the first time the property has changed hands.

Bidding started at $1.5 million and went up to $1.8 million in $100,000 increments, then a mix of $50,000 and $10,000 bids pushed the price above the $1.975 million reserve.

Selling agent Andrey Makhanyok of Place Camp Hill said the result sums up the rarity of the offer.

“Post-war properties were a very popular category with buyers, as well as the location and city views,” he said.

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“I can say that you can only come across a house like this here once every six months.”

Closer to the city, at 60 Lilley Street Hendra, a young couple buying their first home together paid $2.5 million for a historic Queensland property that had been in the same family for 50 years.

The three-bedroom, two-bathroom cottage, nestled in gardens and spread over two titles in an 814sq m block, has been described as large, original and unrenovated; but it brimmed with charm, thanks to its large balcony, lead-light glass windows, iron fireplace and “quirky” detached kitchen.

Three buyers competed and the opening bid was $1.6 million. Progress was slow until $2 million, then a series of bids pushed the price up to $2.3 million. The highest bidder was then taken into a closed room where the price was negotiated for up to $2.5 million.

“We are all very pleased with the outcome because this is ultimately an unrenovated Queenslander,” said joint selling agent Jessica Vine of Vine Property.

“Everyone cried when the hammer came down and the two families met. In fact, the young couple is getting married next year, so everyone was there to congratulate them.”

Sold as the deceased estate of a much-loved couple famous for throwing “wonderful Christmas parties for all the neighbors,” Vine said the remaining family even considered throwing a final “Christmas hurray” before handing over the keys.

AMP chief economist Dr Shane Oliver said Brisbane property prices had continued to rise over the past month and although clearance rates had fallen slightly, the market remained solid.

“Whilst we have had less positive news about rate cuts and that has been a pain, we are still feeling the effects of the top three and first home buyer deposit scheme,” he said.

“I suspect the market will remain pretty solid and momentum will remain strong. FOMO still has some degree of operation.”

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