Winning bidder takes home a six pack of VB as a Dad's $6000 investment turned into $1.79 million sale

A landmark moment unfolded at 52 Granby Street, Upper Mount Gravatt QLD, a home held by one family since 1971.

On land purchased by an Italian immigrant for $6,000, he built the house level by level when his earnings would allow, leaving a legacy now passed to his children following his recent passing.

A crowd of 90 packed the tri-level residence, including neighbours lining up for a playful sweep guessing the final price, the winner would claim a six-pack of VB. The agent, Joanna Gianniotis, took home the prize, calling it a "hard earned thirst."

With gale-force winds whipping through the paddles, bidding began at $1.1 million. Ten determined bidders battled for the property, with early $50,000 increments flying in rapid succession before the contest slowed, every opposing bid met with a calculated $5,000 increase from the buyer. Sixteen minutes after the opening call, and one pause to secure owner approval, the hammer fell at $1.79 million.

Gianniotis said, "This home has so much story and space. Its flexible layout, panoramic views and history made it irresistible. Buyers could envision living, renovating or even building something new."

Brisbane led the smaller capitals for auction volume, with 124 homes going under the hammer, down 27% on last week, according to Cotality (formerly CoreLogic). The preliminary clearance rate rose to 64.5% from 60.8% a week ago.

Cheeky start leads to bold moves in a quiet pocket

There was nothing sleepy about Sefton Park SA on Saturday morning, as the auction of 3 Third Avenue kicked off with a cheeky $1.2 million opening bid that drew raised eyebrows and quick counters.

The crowd, energised by the home's meticulous transformation, watched as four active bidders volleyed in $50K increments, pushing the price to a pause at $1.74 million before negotiations sealed the deal at $1.76 million.

Set on a generous 664 parcel, the home's transformation is both bold and respectful. The original footprint holds four bedrooms, including a main suite that feels more boutique hotel than suburban Adelaide. The rear opens into a light-filled family zone anchored by a gas flame fireplace and a kitchen that's all about quiet luxury, with Smeg appliances, shaker cabinetry and a butler's pantry.

The buyers, a young family, saw more than just polished oak floors and Arabescato Bianco tiling; they saw a future. And they weren't alone. Over 50 groups inspected the property during the campaign, drawn to the rare blend of character and precision that defines this reimagined bungalow. "It's just a beautiful home," said listing agent Alistair Loudon, summing up the sentiment that echoed through the crowd.

Sold as part of a deceased estate, the home now begins its next chapter, written by a family in a suburb finally stepping into the spotlight.

106 homes went to auction in Adelaide, a 7% rise compared with a week ago. Based on results collected so far, 75.0% of auctions have reported a successful outcome, according to Cotality (formerly CoreLogic).