The real estate agent said the pocket had become a magnet for families priced out of nearby hotspots such as Camp Hill and Coorparoo.
The price of a five-bedroom, four-bathroom home in AscotThe number of scheduled auctions in Brisbane last weekA young couple in Carina Heights proved you can put a price on serenity – $1.89 million to be exact – securing a four-bedroom house on Saturday after a fierce 15-minute auction.
“The underbidder had put in an offer of $1.7 million prior to auction and before bidding opened I asked them if they wanted to start it at $1.5 million,” he said.“But they decided to go with $1.6 million to blow the competition out of the water. And while it did blow out most of , unfortunately for them someone else saw that value too.”
The Carina Heights home was one of 180 scheduled auctions in Brisbane over the past week. By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 34 per cent from 122 reported results, while 17 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance.
“I think vendors are probably going to market with higher expectations and that’s something that will need to be adjusted.”
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