Independent and FREE - 2021 Best Online Publication

Capital city investors target Sunshine Coast auctions

Independent and FREE – 2021 Best Online Publication (Qld Country Press)

Capital city investors target Sunshine Coast auctions

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Interstate raid: buyers from Melbourne, Sydney and Canberra target Sunshine Coast auctions

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While long distance runners were using Saturday to warm up for Sunday’s marathon, buyers were running just as hard chasing top properties in this tight market.

Investors were in the mix of house and apartment buyers, with interstate buyers from Canberra, Melbourne and Sydney bidding against keen Sunshine Coast residents.

There was a record price among Minyama’s canal-front properties. Picture: Waterfront Agents.

New record for Minyama waterfront

Saturday’s sale of 20 Kumbada Court has set a new record for Minyama.

“This truly is a record price for the deep-water canals,” the vendor’s agent, Trevor Martin of Waterfront Agents, said.

Sellers Bridgette and Anna Kinnear with Waterfront Agents’ Trevor Martin, at 20 Kumbada Ct.

The main canal waterfront property is an expansive four-bedroom home with a north-east aspect and 41.3m frontage.

It is certainly ripe for a major renovation or knockdown by the new owner.

After 53 groups inspected the property, it came down to eight registered bidders.

The bidding opened at $3.5m and finally sold under the hammer to a Melbourne buyer for $4.8m.

Mooloolaba continues to shine

“Are you sitting down?” asked Ross Cattle of Define Properties.

The reserve price on 9/83 Parkyn Parade, Mooloolaba, was $1.85m. It sold for $2.41m to a buyer from Sydney. The underbidder at $2.4m was a Coast resident.

It was a long auction with numerous bids, Mr Cattle said.

“The owners wanted to take an offer prior to auction that was around the $1.85m,” he said.

“They wanted to stop the auction about a week ago. We said that if you do that, you may leave a bit of money on the table.

“We didn’t think it was going to be about $560,000 on the table. But we did think with the volume of interest that selling before auction could be risky. Sometimes you need to hold firm and keep everyone for auction day.”

“I think there is a lot of money that is being left on the table around the Coast because people are selling off market, or selling before auction,” he said.  “I think it’s so risky for people and you never know unless you go all the way.”

Value at Buderim

Ray White chief auctioneer Jake Loiero says it’s still possible to find value in Buderim,

He said the three-bedroom house at 47 Jones Road in Buderim, which last sold in 2016 for $387,500 and was then partially renovated, isn’t a massive home but opened the opportunity to someone wanting to join the very popular community, which recently was reported as the second most searched suburb in Australia.

Bidding for the home opened at $550,000 with two active bidders taking the price up to sell under the hammer for $650,000.

The eventual buyer plans to rent out the home to his family.

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Opportunities for Sunshine Beach gem

While Sunshine Beach may be known for its high prices, Friday’s auction of the three-bedroom house at 34 Elanda Street delivered a relatively affordable gem for the lucky buyer, who secured the prime property for $2.515m.

Seven registered bidders drawn from the Coast, Brisbane and interstate, kept Home Sunshine Coast agents Jay Sherwell and Liam Toohey busy as they sought a good buy.

Mr Sherwell described the sale as a “very, very fair result”.

“It’s a renovator’s dream, really a blank canvas or a duplex site or knockdown with good access to the beach and shops.”

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Bidding opened at $1.8 million for this property at 23 Gleneagle Court in Buderim.

Coast family the winners

The large home with acreage and multiple living spaces at 23 Gleneagle Court in Buderim is now in the hands of an owner/occupier.

Listed by Richard Scrivener and Loren Wimhurst of Next Property Group, seven registered bidders eyed off the expansive property.

Bidding opened at $1.8m. With the contest down to three active bidders, it finally sold over the reserve and under the hammer for $2.035m.

“A beautiful, young family from Buderim,” were the lucky buyers, Mr Scrivener said.

Auction results

20 Kumbada Ct, Minyama 

  • Sold under the hammer for $4.8m.
  • 4 Bed, 2 Bath, 3 Car, Waterfront Agents, Trevor Martin 0400 818 777.

1/3 Yallanga Place, Mooloolaba 

  • Sold under the hammer for $470,000.
  • 2 Bed, 2 Bath, 1 Car, Ray White Mooloolaba, Brent Higgins 0414 775 133.

3/3 Yallanga Place, Mooloolaba 

  • Sold after auction for $465,000.
  • 2 Bed, 2 Bath, 1 Car, Ray White Mooloolaba, Brent Higgins 0414 775 133.

34 Elanda St, Sunshine Beach 

  • Sold under the hammer for $2.515m.
  • 3 Bed, 2 Bath, 2 Car, Home Sunshine Coast, Jay Sherwell 0434 552 025, Liam Toohey 0404 971 672.

19 Ramsay Cr, Golden Beach 

  • Sold under the hammer for $965,000.
  • 4 Bed, 4 Bath, 2 Car, Ray White Mooloolaba, Jade Mooney 0488 247 880.

6 Whitsunday St, Parrearra 

  • Sold under the hammer for $852,500.
  • 4 Bed, 4 Bath, 2 Car, Ray White Maroochydore, Jason Mills 0417 343 289.

37 Amarina Ave, Mooloolaba

  • Passed in at $1.1m, still negotiating.
  • 6 Bed, 4 Bath, 5 Car, Define Property, Amanda Morton 0475 846 626.

9/83 Parkyn Pde, Mooloolaba 

  • Sold under the hammer for $2.41m.
  • 3 Bed, 2 Bath, 2 Car, Define Property, Grant Whisker 0415 856575.

8/91-97 Duporth Ave, Maroochydore 

  • Sold under the hammer for $610,000.
  • 2 Bed, 2 Bath, 1 Car, Ray White Maroochydore, Rowan Woodbine 0497 076 418.

5 Cobb & Co Lane, Palmwoods 

  • Passed in at $680,000, still negotiating.
  • 4 Bed, 2 Bath, 2 Car, Ray White Buderim, Chevonne Rees 0473 810 820.

95 Mooloolah Dr, Minyama 

  • Sold pre-auction for $3.18m.
  • 4 Bed, 3 Bath, 4 Car, Next Property Group, Loren Wimhurst 0415 380 222, Richard Scrivener 0416 799 188.

47 Jones Rd, Buderim

  • Sold under the hammer for $650,000.
  • 3 Bed, 2 Bath, 2 Car, Ray White Buderim, Brodie Rodgers 0406 501 684.

Ray White agent Jade Mooney with the Brisbane buyers of 16-20 Meta Street Mooloolaba.

10/16-20 Meta St, Mooloolaba

  • Sold under the hammer for $1.315m.
  • 3 Bed, 2 Bath, 2 Car, Ray White Mooloolaba, Jade Mooney 0488 247 880.

23 Gleneagle Ct, Buderim

  • Sold under the hammer for $2.035m.
  • 5 Bed, 4 Bath, 3 Car, Next Property Group, Loren Wimhurst 0415 380 222, Richard Scrivener 0416 799 188.

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