Brisbane mansion sells for $6.2 million in auction battle
A two-storey, Tudor-style mansion in Robertson in Brisbane’s outer south, set on manicured grounds and boasting two pools, a spa and a tennis court sold at auction for $6.2 million after two bidders battled it out.
Lead agent Eric Li from Ray White Robertson said the successful bidders for the stately six-bedroom, four-bathroom home at the weekend auction were an international family looking for a base in Australia.
“The winning bidders were a family who have permanent residency, but they travel between China and Australia, and this is now their new Australian home,” he said.
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By continuing you agree to our Terms and Privacy Policy.Mr Li said the ageing vendors had decided to list the property and downsize.
“The sellers have owned the property for 40 years, and it is the first time this has sold. They are in their 80s and are now downsizing to a penthouse at the new Queens Wharf development in Brisbane,” he said.
The luxury home was one of 152 homes that went to auction in Brisbane last week, compared to 156 the previous week and 132 at the same time last year, according to CoreLogic.
On Sunday, CoreLogic recorded a preliminary auction clearance rate for Brisbane of 62.1 per cent from 95 reported results, down from 58.6 per cent the previous week, which increased to 59 per cent, once finalised.
While Mr Li said there is strong buyer depth in the local market, the buyer pool is much smaller when you are selling properties with a price tag of more than $6 million.
“We are thrilled to have achieved this sale. Two bidders is all it takes,” he said.
CoreLogicresearch director, Tim Lawless said the national auction market had shown resilience as it moved through a fourth consecutive week where more than 2000 homes went under the hammer.
The national preliminary auction clearance rate was 71.7 per cent, up from 70.2 per cent the week prior, which was revised down to 64.4 per cent once finalised.
“The preliminary clearance rate has held up amid the rise in auction volume and despite a broader rise in advertised stock levels and evidence of some momentum leaving the growth trend,” Mr Lawless said.
“Next week the volume of auctions is set to rise again, with around 2480 homes currently scheduled for auction, increasing to approximately 2780 the following week as the spring selling season gathers pace,” he said.
This story first appeared on view.com.au.
