Ph: (02) 9370 56 64

The Bid Brief

The Bid Brief

By Ryan Ellem on Apr 26 2018


A waterfront address on the Sunshine Coast offered to market for the first time is part LJ Hooker’s national auction portfolio this weekend.

The sprawling, four-bedroom abode at Twin Waters, is being auctioned by LJ Hooker Twin Waters’ Licensee Grant Ormrod. The vendors have listed the home as work commitments have increasingly placed them overseas.



"Twin Waters is not typically an auction hotspot on the Sunshine Coast, but with a string of encouraging results – including a recent $1.5 million sale – the seller wanted to test the competition in the market," said Mr Ormrod.

"With a view stretching across the lake to the bay, a brilliantly appointed kitchen that has an al fresco feel, wrap-around pool and light-filled open spaces, the home really does capture the Sunshine Coast’s year-round outdoor lifestyle."

While some pockets of the Sunshine Coast have experienced great fluctuations in demand, Twin Waters has been a steady, consistent performer. Over 2017, the suburb recorded 4.4 per cent price growth, comparable with the 15.5 per cent notched over the previous three years. 



In Sydney, sellers who are prepared to meet the market are still finding a wealth of buyers looking for opportunities.   An in-room auction event hosted by LJ Hooker Mascot sold four properties under the hammer mid-week, with investors still showing faith in infrastructure rich South Sydney.

A split level, two-bedroom park view apartment in Botany’s art-deco Victoria Gardens development was amongst Tuesday night’s sales, going under the hammer for $745,000. Following vigorous bidding on other lots, the team is hopeful of securing contracts on the remaining three properties within the week.

Approximately 60 people attended the event, held at Mascot’s Graphic Arts Club, with LJ Hooker’s National Auctions Manager David Holmes saying the turnout underlined the interest which still existed in well-positioned markets.

"From an investment perspective, proximity to the port, airport and WestConnex is still driving interest around Sydney’s southern suburbs," he said.



Further up the WestConnex route, LJ Hooker Burwood’s Joe Murania has attracted strong interest for a spacious, two-story double brick Burwood home which is a five-minute walk from the railway and 10 minutes from Westfield. The home is being auctioned at 4pm Saturday (April 28) with a guide of $3.2-$3.3 million.



"The home is situated in a blue-ribbon location which takes advantage of proximity to Westfield, multiple train lines and a school catchment that includes quality public institutions accessibility to independents (schools) including MLC (Methodist Ladies College) Presbyterian Ladies College and Trinity Grammar in Summer Hill," said Mr Murania.



"Burwood’s market has remained very Chinese-oriented and these family buyers place a very high importance on access to quality education facilities."

In Adelaide, David Scalamera and Bel Symons of LJ Hooker St Peters | Glynde | Adelaide City are auctioning a secluded 1754sqm property in Rostrevor which had attracted approximately 35 groups during the marketing campaign. The five-bedroom foothills home, which also includes a granny flat, is being marketed with a guide of $1,050,000-$1.1million.



"Rostrevor is attracting a lot of interest because it has a very similar amenity and access to facilities as much more expensive homes in the neighbouring foothills suburbs," said Mr Scalamera.



"We've had a lot of buyers aged in their 40s and 50s come through the inspections. The home has a granny flat which could equally serve as a teenager’s retreat, presenting opportunities for multi-generational living and established families with older children."


The Heyes Court home goes under the hammer at 12pm Sunday (April 29).
 

Subscribe to our newsletter

Please enter your name
Please enter your valid Email Address
Please checked I Agree to Terms & Conditions and Privacy Policy
Please verify that you are not a robot.