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Hammer falls as auction season opens with 10 registered bidders for one house

first_imgPlace Graceville director Gary Eaton and auctioneer Matthew Condon opened the auction and bidding started slowly with a phone bidder from Sydney eventually offering $600,000.Six bids in three minutes got the property to $700,000 with the auction in favour of the phone bidder and then there was a 10 minute break to negotiate behind the scenes.“If he gets it for $700,000 that’s a real bargain,” said local investor Peter Bloomer who was not prepared to go beyond his bid of $625,000.“It’s in better condition than we hoped for.“I was hoping it was going to be a knock down”. The property is on a quiet street in a sought-after neighbourhood.The phone bidder increased his offer to $710,000 and Mr Philp decided that was enough, so the auction began again with the house officially on the market.Going up by $1000 lots, the auction was an all-in affair with eight further bids from multiple parties before the hammer fell at $718,000 and Nick Vanzetti, on the phone from Sydney, became the new owner.“I’ve never bid at an auction before,” Mr Vanzetti said by phone afterwards.“And I haven’t seen the house, but I sent my parents to have a look and they are there for me today.”Marea and Ross Sharp of Kenmore, had been looking at property for their son in the western suburbs and were relieved he had picked up a good investment.“I kept watching the paddles, wondering when they would appear,” Mrs Sharp said. SEE WHAT ELSE IS FOR SALE IN CORINDA The star performer on the opening weekend of Brisbane auctions for 2019, 43 Spencer St, Corinda attracted 10 registered bidders and sold for almost 15 times its previous sale price.BRISBANE’S first house to sell under the hammer for 2019 drew a crowd of 51 and 10 of them were registered bidders. More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoThe property has been owned by the one person since 1979 when it was bought for $49,250.Inside the two-storey brick house, the owner’s brother, Jim Philp, was deciding whether the bid was enough to put the house on the market.He and his wife had spent five months preparing the property for sale after his brother, Colin, was admitted to a care facility mid last year. The 1pm auction at 43 Spencer St, Corinda yesterday.In a highly anticipated start to the auction season, first home buyers, investors, builders and family members of the owner, carried their auction paddles to the backyard of 43 Spencer St, Corinda, to begin bidding.The three-bedroom brick house on a 683sq m block was one of 10 properties to launch the auction season in Brisbane yesterday.Two other properties sold under the hammer later in the day, including 22 Eustace St, Aspley, for $535,000 and 39 Moree St, Kedron, for $515,000.Six properties were passed in and one at 17 Meilland Court, Eatons Hill, sold conditionally after auction. On a sizeable block, 43 Spencer St, Corinda gave buyers lots to think about.Mr Vanzetti will rent the house out while he and his family spend time overseas.Place Graceville director Gary Eaton said the sale sent a message that the Brisbane property market is still strong.“We had 10 registered bidders,” he said.“That in itself indicates there is a lot of interest in the market.“Before Christmas it is flat, but realestate.com.au has more hits in January than any month of the year.”last_img read more

Never say they’ll die

first_imgGov’t to employ 6,000 displaced by Taal Japeth Aguilar embraces role, gets rewarded with Finals MVP plum Allen Durham still determined to help Meralco win 1st PBA title Sports Related Videospowered by AdSparcRead Next Dragon boaters’ triumph not covered by incentives View comments Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Tim Cone, Ginebra set their sights on elusive All-Filipino crown Barangay Ginebra just added another man to its list of injured players, with Joe Devance out indefinitely because of a stress fracture in his right foot.“That’s some kind of bad news, because Joe will be out for a few weeks,” said Ginebra coach Tim Cone, whose brilliance of making his role players step up in trying situations has made the Gin Kings stay afloat with a 5-1 card. “We just don’t know how long he will be out.”ADVERTISEMENT Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Nadine Lustre’s phone stolen in Brazil Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ Slaughter and Mercado will continue to sit it out, but Cone could get some help with Aguilar and Art dela Cruz listed as game time decisions.Guiao also fingered Justin Brownlee as a main concern in the featured game. Brownlee is coming off a 34-point effort against Phoenix Petroleum on the road last Saturday, and because of Cone’s manpower woes, the two-time Grand Slam winner will obviously ask his import to again do most of the scoring against the Road Warriors.Meanwhile, Blackwater, whose franchise-best 4-0 start was snapped by the Road Warriors last week, tries to get back on track against a Meralco crew that will be rejoining the conference after bowing out in the semifinals of the Fiba Asia Champions Cup in Thailand.ADVERTISEMENT LATEST STORIES But does that make the Gin Kings, who are already without Greg Slaughter, Solomon Mercado and Japeth Aguilar, weaker going into the final five games of their elimination round schedule in the PBA Governors’ Cup?Yeng Guiao, who will be on the opposite side of the floor Friday night trying to snap Ginebra’s three-game winning streak and enhance NLEX’s chances of progressing in the upper half of the playoff draw, doesn’t think so.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back Chriss“I’ve been telling my players (leading to this game) that at a time when Ginebra seems most vulnerable, they play their best basketball,” Guiao told the Inquirer a day before the Road Warriors and the Gin Kings were to lock horns in a 7 p.m. contest at Smart Araneta Coliseum.“The more you think that you have an advantage, the more you will be in trouble,” added Guiao. “They hardly felt their (key players’) absence (in the early part of the conference).” Don’t miss out on the latest news and information. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player awardlast_img read more