Real Estate

auction costs donated to local school

Written by The ReReport

A home with a heart. The record-breaking sale of 34 Satinwood Court, Bardon also benefited an inner city school.

ONE of the richest auctions in Australia this weekend took place in Bardon, but it was an inner city primary school that was the real winner.
A ‘mystery buyer’ at the Holy Spirit School fete auction last month, bid $89,500 to secure the prize of a full real estate marketing campaign including the cost of commission on the sale of a house.


The prize had been donated by Ray White New Farm.
At auction yesterday, the ‘mystery buyer’s’ house at 34 Satinwood Court, Bardon, sold under the hammer for a street record price of $4.275 million.

There have been 21st birthday parties on the tennis court and in the pool house of 34 Satinwood Court, Bardon.

Nationally, Ray White spokeswoman Amanda Myler said the sale was the highest auction result across Australia and New Zealand for Ray White in preliminary data collected yesterday, with 230 Pacific Parade, Bilinga coming second with $1.865 million, and Sydney’s 4 Glenugie St, Maroubra selling under the hammer for $1.357 million.


Speaking after the auction, the ‘mystery buyer’ and seller of Satinwood Court said the school fundraiser was one of the nice elements to the sale of his house.
“It blew the school auction out of the water,’’ he said. “But it was very sweet once we did it, all the principals were hugging us and the teachers were hugging us, so it’s lovely that that money goes to the school.”
Ray White New Farm Principal and auctioneer Haesley Cush is a proud Holy Spirit School parent and led the auction before a crowd of 50 onlookers.

“I’m really quite excited,” Mr Cush said.
“And we’re doing this pro bono for the school.”
Five local registered bidders (one on the phone from Coffs Harbour in New South Wales) took the five-bedroom house on 3519sq m to auction just after 10am.

This room was full of contemplation before auction on Saturday as bidders sat on the couches wondering if they would get to call this place home.

Bidders gathered around the infinity pool overlooking the city skyline and the full-sized tennis court below.

Eleven bids was all it took to sell 34 Satinwood Court, Bardon at auction.

Bidding started at $2.8 million and within three minutes had climbed to $3.9 million.
Mr Cush trilled out the final bid for a good 30 seconds before the auction paused and interested parties negotiated privately for 15 minutes.
They returned with a negotiated auction bid of $4.275 million which put the property on the market.

This property was the first house built on Satinwood Court at Bardon and has the best views.

The bid remained unchallenged and the gavel fell less than a minute later.
The sale is the second highest price for a property in the affluent inner western suburb of Bardon which tucks into Mt Coot-tha with views to the city.
The successful bidders, a family of five, looked relieved as onlookers welcomed them to the neighbourhood.
“Even though I’m in a lot of commercial transactions, this is a little bit more emotive isn’t it?” the new owner, who did not wish to be identified, said.
Ray White New Farm Principal Matt Lancashire said the sale sent a strong message to the market.
“Buy before Christmas because there’s nothing wrong with the market,” he said.
In other auction results, Urban Property Agents Paddington sold 34 Abraham St, Red Hill under the hammer for $1.3 million to a young family.


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