A tech entrepreneur living in Silicon Valley, California, used FaceTime to bid on and buy a property in Brisbane’s inner north at the weekend.
The man, originally from New Zealand, snapped up the modern, five-bedroom Queenslander at 37 Howard Street, Grange, for $1,715,000.
Ray White principal and auctioneer Alistair McMillan said the buyer had not physically inspected the property before making the winning bid.
He was one of six bidders at the auction for the double-storey property, which also had a swimming pool.
“The buyer is planning to move in the coming months and is preparing for the [coronavirus] quarantine,” Mr McMillan said.
The property had also attracted buyers from Sydney and Melbourne looking for the Queensland lifestyle, Mr McMillan said. They were also unable to inspect in person.
“We have international buyers from places like Hong Kong, and many buyers from Sydney and Melbourne, many of whom are from Brisbane originally and wanting to move back, which is interesting,” he said.
Originally from Victoria, the vendors, who had moved to Queensland for the lifestyle, are now moving back to Melbourne after receiving an excellent job offer, Mr McMillan said.
The Grange auction was one of the biggest sales reported for the weekend in South East Queensland.
Brisbane’s preliminary clearance rate sat at 36 per cent after 31 auctions were scheduled and 22 results reported. Just two properties were withdrawn from auction.
Agents reported big crowds as the spring market continued to heat up and more buyers looked for a new home.
In the inner west, more than 100 people turned up for the auction of a four-bedroom home, which also had its own tennis court.
The size of the property at 12 Columbia Street, Chapel Hill — more than 2700 square metres — made it easy for people to socially distance.
The property sold under the hammer for $1,375,000.
Ray White MetroWest principal Craig Sharp said 14 registered bidders fought it out for the keys, with a young family moving back to Brisbane from Sydney the winning bidders.
“The sellers have been in this much loved home for over 40 years, so it has been a long time in the making,” Mr Sharp said.
One of the buyers had grown up nearby the home and was ecstatic to be moving back to her old “stomping ground”.
In the city’s south, a five-bedroom home at 33 Percival Terrace, Holland Park, sold for $936,000.
Ray White Holland Park’s Joseph Leong said five bidders registered at the auction, with a young couple buying the home. They had made an offer of $835,000 before the auction.
The vendor, a lady looking to downsize, was very happy with the result, Mr Leong said.
“The market is going crazy at the moment; we just launched a house this week which had over 70 groups come through the first open home,” he said.
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