Real Estate

Brisbane south property fires up at recent auction

Written by The ReReport
As seen in the Source link, written by on 2018-12-14 01:23:34

THE market is holding strong at Wishart, with this house skyrocketing past reserve at a recent auction.

LJ Hooker Sunnybank Hills agent Kosma Comino said six registered bidders fought it out for the five-bedroom house at the “most amazing auction”, with bidding opening at $800,000.

“Bidding went quickly to $935,00 and stalled,” Mr Comino said.

“Then we called it on the market and bidding went crazy all the way up to $1.056 million and then it was sold.

“Two families battled it out from $935,000 right until the end.”

Mr Comino said there were 76 bids placed on 20 Mayfair Close at the auction, with the house selling $156,000 more than the reserve price.

The house was last sold in 2013 for $850,000.

The $1.056 million sale price was $331,000 more than the suburb median house sale price, which according to CoreLogic data was $725,000.

Wishart has experienced 34.3 per cent increase in the median house sale price in the past five years to August, with 123 houses sold in the last 12 months.

In that time, 35 units were sold, with a median sale price of $405,000.