Not even a lick of paint: Investors made $1.3 million on this untouched, postwar home

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Not even a lick of paint: Investors made $1.3 million on this untouched, postwar home
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The vendors were shell-shocked when they made a motza on a postwar house in Camp Hill at the weekend. It was one of 200 scheduled auctions in Brisbane in the past week.

The sale price of a Camp Hill postwar homeThe sale price of a two-bedroom Fortitude Valley apartmentAn elevated but dated home in one of Wynnum’s most prized pockets clinched the suburb’s fifth-highest sale ever on Saturday, fetching $2.825 million under the hammer in a long and “bizarre” auction.

“The house itself wasn’t a new home, and it was quite dated … but Wynnum is just performing so incredibly well and that’s because of the lifestyle it offers,” she said. On Thursday evening, Ray White Collective held a unit-only auction event in New Farm, drawing 36 registered bidders across five properties. Three sold under the hammer with two selling in post-auction negotiations.

Auctioneer Peter Burgin, of Place Estate Agents, said the auction of 35 Newman Avenue was the ultimate example of the prosperity available in Brisbane.

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brisbanetimes /  🏆 13. in AU

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