Woombye parcel sold under gavel
SPRING came early last week with the sun out, people about and a strong interest in property.
A good indicator of the market was the auction on Friday afternoon of 10.61ha on two titles at 80 and 148 Taintons Rd, Woombye.
There were seven registered bidders and a crowd of about 50 for the property that included an approved 59-lot subdivision.
It was the first time the property had been offered since the 1960s.
Tony Van Dijk and Danny Redman of Ken Guy Buderim conducted the auction campaign for the former avocado and pineapple farm that borders Plantation Rise Estate.
"The amount of interest has been terrific,'' Mr Van Dijk said.
"The development application is valid to 2017.
"There is certainly a scarcity of (residential) land in such locations. You see what's happened with Parklakes and Cutters Ridge at Bli Bli."
Auctioneer Gordon Macdonald asked if people wanted to continue the legacy of the property's history or start a new chapter.
"Ahh, peace and quiet,'' he said. "What else would you expect.
"I thought north of $1m to start.''
He got that start and it continued as a two-horse race in $100,000s to $1.8m.
Back and forth like a tennis match, then $50,000 and $25,000 bids to $2.275m.
"Let's keep the billy boiling,'' the auctioneer suggested, with $5000 bids taking it to $2.3m.
The property was called on the market and bidding continued in $5000s until it was sold under the hammer at $2.385m.
"The market is warm and getting warmer, like the weather,'' Danny Redman said.
"The sale of Taintons Rd under the hammer underpins the sentiment of the market.
"Strong buyer confidence is recognising and identifying value and future potential.
"This sentiment is broad spectrum and is represented right across all price ranges in our Buderim marketplace.''
IN contrast to the heavy bidding at the Woombye property on Friday and showing how each auction develops its own character, Sam Plummer and Karen Bester of Dowling & Neylan had three registered bidders at 6-8 Milperra Retreat, Noosa Heads, on Saturday.
Yet, while the 1980s three-bedroom house with pool on a 1440sq m double block also attracted a crowd of about 40 the sale was achieved mainly by negotiation.
Auctioneer Michael Hughes presented the solid brick, two-level house for competitive bidding yet his invitation for an opening offer remained unanswered.
"It's a big property and people are obviously cautious,'' he continued. "I will talk to the seller and come back to you.''
The sellers were in New Zealand and they had to speak to other people so it took quite a few minutes.
An opening bid of $950,000 was later increased to $955,000, where the property was sold.
The local buyers had been looking at the property since day one of the auction campaign and carried out a lot of research and comparison.
"Negotiations can be vital,'' Mr Hughes said.
"You have to deal with what you have got on the day and that is what experience tells you.
"There are different types of buyers ... those who think with the mind or with the heart and you have to understand that.''