{"id":29518,"date":"2020-12-07T11:16:07","date_gmt":"2020-12-06T22:16:07","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29518"},"modified":"2020-12-07T11:16:07","modified_gmt":"2020-12-06T22:16:07","slug":"almost-30-million-worth-of-property-sold-at-ray-white-prestige-auction","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/almost-30-million-worth-of-property-sold-at-ray-white-prestige-auction\/","title":{"rendered":"Almost $30 million worth of property sold at Ray White prestige auction"},"content":{"rendered":"

PHOTO: Auctioneer and New Farm Principal Haesley Cush\u00a0said the phenomenal results were just a sign of things to come for 2021.<\/strong><\/p>\n

Ray White hosted its annual prestige auction event in Brisbane on Saturday, with Ray White New Farm, Ray White Bulimba, Ray White Spring Hill, and Ray White East Brisbane joining forces to sell seven properties under the hammer for close to $30 million.<\/strong><\/p>\n

Temperatures soared throughout the city, as did the heat of competition at the trendy hotel in Fortitude Valley, with a number of interstate buyers and high-profile business identities flocking to the auction event \u2013 some in person and others via phone.<\/p>\n

The biggest result of the day nationally was a block of riverfront land with demolition approval at\u00a025 Maxwell Street<\/a>, New Farm, which sold for $9.91 million to local developer Seymour Group \u2013 and broke a Brisbane record in the process.<\/p>\n

In the second highest sale,\u00a085 Macquarie Street<\/a>\u00a0in Teneriffe sold for $4,280,000, followed by\u00a039 Ormuz Road<\/a>\u00a0in Yeronga selling for $2.8 million.<\/p>\n

Marketing agent of Ormuz Road, Christine Rudolph, said the winning bidder of the home was a buyer from Melbourne who had driven up to the Sunshine State when borders re-opened on 01 December.<\/p>\n

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25 Maxwell St, New Farm set a Brisbane record when it sold for over $9.9 million<\/strong><\/em><\/figcaption><\/figure>\n

Also selling under the hammer was\u00a031 Kitchener Road<\/a>\u00a0in Ascot for $2.24 million and\u00a024 Mackay Terrace<\/a>\u00a0in Bardon for $1.75 million. A large renovated character home at\u00a025 Yarradale Street<\/a>\u00a0in Newmarket also sold for $1.835 million.<\/p>\n

In the final sale for the day, Hamish Bowman and Nicholas Carrol sold a 43 acre block of land at\u00a0227-237 Hulcombe Road<\/a>\u00a0in Highvale, for $2.65 million.<\/p>\n

Ray White New Farm Principal Matt Lancashire said in his 10 years of selling high-end property, he had never seen a market like this.<\/p>\n

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