ONLINE auctions are not proving to be a hurdle for serious buyers looking in Brisbane’s inner suburbs.
With first home buyers and young families still on the hunt for their dream home or latest upgrade, many Ray White offices are confident the real estate market can weather the storm.
Ray White Sherwood | Graceville’s Georgia Pevy recorded an outstanding sale last week at 52 Haig Rd, Milton which sold above reserve through online auction for $705,000. Ms Pevy said after a competitive auction, the winning bidder was a local couple planning to renovate the current structure.
“There were five registered bidders coming from the four week auction campaign, it was done virtually and was our office’s first online auction,” Ms Pevy said.
“It was really successful and all bidders got involved leading to heavy bidding and great competition.”
Ms Pevy said she has seen no decrease in genuine buyers on the market.
“There are a lot more genuine buyers out there and the only change has been our shift from open homes to bringing buyers through via private inspections,” she said.
“It’s just a shift in the way we do things but buyer enquiries are high and there’s good sentiment in the market.”
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