A BRISBANE family has paid $1,660,000 for a property so they could stay within a school catchment zone.

Hot Property Buyers Agency senior buyers agent Zoran Solano said despite the $1,660,000 price tag, 7 Moynihan St, Ascot was secured below the original reserve.

“It was quite competitively purchased, and the seller currently resides overseas and no longer lives in the property itself,” Mr Solano said.

HAMMER TIME: 7 Moynihan St, Ascot sold for ,805,000.

HAMMER TIME: 7 Moynihan St, Ascot sold for $1,805,000.Source:Supplied

According to CoreLogic, the property last sold 22 years ago for $375,000.

Mr Solano said the vendor moved overseas and no longer needed the home.

In Indooroopilly, 31 bidders registered to buy 24 Garema St, which sold under the hammer for $1,805,000.

A north Queensland family are one step closer to owning their dream home after being the highest bidder at the auction yesterday.

The four-bedroom, two-bathroom home at 1 Juxgold St, Murrarie went to auction at 9am, with two registered bidders competing to buy it.

The Cairns family opened the bidding opened at $800,000, with the second bidder quickly raising the bid to $810,000. The family didn’t hesitate to raise the bidding to $830,000 at which point the second bidder was out.

Place auctioneer Paul Curtain put in a vendor bid of $850,000, which the young family countered with $860,000. Another vendor bid of $870,000 was placed and then Place Bulimba agent Glen Bool then went into negotiations with the vendor.

After about 10 minutes of negotiations, the family raised their big to $880,000 at which point the property was passed in.

Mr Bool confirmed just 10 minutes after the auction ended a conditional offer for an undisclosed amount was accepted.

“It’s got a 72-hour finance clause on there, it did get to reserve, but it’s definitely under contract,” he said.

Mr Bool said the family had moved to Brisbane and were renting locally.

“They just loved that home from the minute they walked through it,” he said.

“They’ve been through four or five times throughout the campaign.

“They were so emotional and happy afterwards.

“The boys have picked out their bedrooms, and apparently I have an open invitation to come and use the pool whenever I want – that’s always a bonus.”

The Murarrie home immediately went under contract after the property was passed in at 0,000.

The Murarrie home immediately went under contract after the property was passed in at $880,000.Source:Supplied

“The boys have picked out their bedrooms and apparently I have an open invitation to come and use the pool whenever I want — that’s always a bonus.”

The outdoor living zones at 7 Moynihan St, Ascot.

The outdoor living zones at 7 Moynihan St, Ascot.Source:Supplied

Ray White Queensland chief auctioneer Mitch Peereboom reported two properties selling under the hammer yesterday – both for $660,000.

He said Ray White Brisbane agent Dean Yesberg’s listing at 177 Park Rd, Woollongabba sold to a renovator.

The home at 17 Emma St, Holland Park West, which sold for 0,000 changed hands for the first time in 63 years.

The home at 17 Emma St, Holland Park West, which sold for $660,000 changed hands for the first time in 63 years.Source:Supplied

The other, 17 Emma St, Holland Park West, changed hands for the first time in 63 years.

Ray White Holland Park agent Rocky Glanville said the Holland Park West home sold to first time buyers moving from Mackay.

 

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