Patience pays off for buyer

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28 Coneyhurst Crescent, Carindale, sold under the hammer for $1.215m.

A persistent Brisbane man, who made two offers on a house before it went to auction, waited patiently in the wings until the home was declared ‘on the market’ to throw in the largest bid of the day.

The Mt Gravatt man whose young family has two children was looking to upsize from their current home to a renovated five bedroom house in Carindale.

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This home ticked all the boxes for young families with a large pool …

Standing in his way was the popularity of the property, which saw seven bidders register Saturday to vie for the home. The home was hugely popular with families, said agent Darcy Lord of Belle Property Bulimba.

Four offers were made before the auction, two of which came from the man who eventually delivered the knockout bid on Saturday.

“There were four offers made prior to the auction by three buyers, two of them bid at the auction and one of them ended up winning,” Mr Lord said.

Bidding started in from of a crowd of over 30 people with bidder six offering $900,000. That was then followed by 11 continuous bids until the numbers hit $1.119m. After discussion with the owners, the house was declared as being on the market at $1.205m.

Big backyard …

“As happens in good auctions, another bidder turned up at that point and congratulations to bidder one that it sold to for $1.215m,” Mr Lord said.

“He was really keen on the property. We talk a lot about showing intent when you’re trying to buy a house. When a vendor sees you’re really interested, they will want to negotiate with you. It was a great auction.”

The Carindale area continued to draw strong interest from growing families, he said.

“The size of the homes adds a lot for people actually looking for a comfortable home instead of being located in small Queenslander right in the city.”

Three living rooms …

Mr Lord said Carindale also had one of the best shopping centres in the south side of Brisbane.

“In this particular pocket 15 (homes) between $1.1m and $1.3m have recently sold.”

The property itself was on a 744sq m block with a large home that had three living areas.

The seller was a local businessman in the restaurant game.

“He bought a block of land in Coorparoo, finished building his dream home and with that put this one on the market. What that is is a perfect process, it’s quintessential buying, the cycle – one family goes in upsizing and another family goes on to enjoy the next stage. Theoretically they’re both on the upward cycle.”

Five bedrooms.

Mr Lord said the last quarter of 2019 and a strong January had set the tone for February.

“There’s a distinct lack of good quality homes available at the moment. There’s less available so buyers have to act on the ones they genuinely want to take hold of.”

The property at 28 Coneyhurst Crescent, Carindale, ticked all the boxes that young families were looking for, he said.

It was fully fenced, beautifully landscaped, secure behind remote gates, with an open-plan kitchen and family room plus separate formal lounge and dining, a media/rumpus room and five bedrooms plus a study which had the option of being a sixth bedroom.

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