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Determined buyers fire in ‘auction-stopping’ offers

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Determined buyers fire in ‘auction-stopping’ offers

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Determined buyers fire in 'auction-stopping' offers as property battles heat up

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The trend of extremely high auction clearance continues on the Sunshine Coast with a notable rise in properties selling prior to auction day.

Buyers are now well aware of the importance of making competitive offers – not only dollar amounts, but unconditional terms as well.

Ray White Caloundra achieved 100% clearance at its recent in-room auction event.

Seven properties were due to go under the hammer but four were sold before auction day with the remaining three selling on the day.

The highlight was 13 Derby Road, Moffat Beach (pictured), which had 16 registered bidders and more than 60 bids before being knocked down for $1,581,000.

A young couple relocating from Sydney was delighted with the purchase.

With 15 registered bidders under the direction of Home Sunshine Coast, 6/10 Janet Street, Alexandra Headland was poised to be a cracker.

With dual street frontage in a tight complex of six, the top floor apartment had great northern views of the coastline.

With an opening bid of $400,000, the ledger was finally settled at $517,000 to a local purchaser.

A crowd gathers for the auction of 6/10 Janet St, Alexandra Headland.

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The duplex at 1/1 Bluefin Court, Noosaville, was brand spanking new.

In front of a big crowd and 10 registered bidders the opening bid was $700,000.

This was met with laughter and the bidding took flight.

Almost half an hour later, the property was passed over to the successful purchaser for $1,310,000.

Sam Plummer and the team at Noosa Estate Agents were thrilled for everyone involved.

1/1 Bluefin Court, Noosaville, which sold under the hammer.

Century 21’s Grant Smith Property led 26 Panorama Crescent, Buderim to market.

The original home on 805m2 was positioned to take full vantage of the commanding ocean views.

The property stirred up extensive interest prior to auction leading to an accepted offer from local Buderim buyers. The amount has not yet been disclosed.

After a 30-year client/agent relationship, Luke Chen from Tom Offermann took 4/33 Picture Point Cres, Noosa Heads to market.

With countless inspections during the campaign, one buyer simply rose to the top with an ‘auction-stopping offer’.

With Noosa River views and Hastings Street just a stroll away, it made perfect sense that the property was received so well by the market.

Gordon Macdonald, founder of The Auction Group, has been calling auctions on the Coast for more than a decade after an earlier career in real estate sales. His  auction wrap-up for sunshinecoastnews.com.au each Monday will be compulsory reading for anyone interested in the hottest sales and latest tales from the property frontline.

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