Menu
Property

Bidding is good sign for Fraser Coast property market

Bill Woods from Hervey Bay starts off bidding at 24 Mant St in Point Vernon with a bid of $300,000. The property was passed in at $360,000.
Bill Woods from Hervey Bay starts off bidding at 24 Mant St in Point Vernon with a bid of $300,000. The property was passed in at $360,000. Alistair Brightman

POSITIVE signs for the Fraser Coast property market are showing if the remarkable turnout at one recent auction is any guide.

Average numbers at auctions during the slower periods experienced in the past few years would be six to eight people and sometimes as few as none, says Chris Cooper sales executive and auctioneer Alex Porteous.

Not so on Saturday when the sale of a Point Vernon home attracted 58 people, including a handful of bidders who made offers.

Mr Porteous put interest in the Mant St home down to a return of buyer confidence and, of course, the fact it was an attractive property.

"It was certainly the busiest auction I've had in five years; I've held quite a few auctions and I've never seen so many people at an auction. We've got a feeling the market is turning, there's no question.

"The house was on a cliff top overlooking the Bay and it just attracted the buyers. We had four bidders, didn't reach reserve, but we're still negotiating with the top two and we believe we'll sell it."

Real Estate Institute of Queensland Fraser Coast region chair Linda Bland, from Century 21, said the market had been improving slowly since the year's beginning.

"Certainly we have seen that there are a lot more buyers around at the moment," Ms Bland said.

"I think we're recognising that buyers are sensing it is a good time to buy, property prices are probably starting to go up and with the interest rate environment it is a good time to buy.

Part of the crowd that turned out for the auction of a home in Point Vernon's Mant St.
Part of the crowd that turned out for the auction of a home in Point Vernon's Mant St. Alistair Brightman

Topics:  auction bidding fraser coast hervey bay maryborough property



Neighbours smell smoke, back door up in flames

QFRS, fire truck.

Photo:  Bev Lacey / The Chronicle

Police are treating the fire as suspicious.

Woman in hospital with fractures to face after alleged assault

Domestic violence generic hands up

A man has been charged and will face court on Monday.

Local Partners

Couple’s big $2 million gamble

The family has loved "stripping back their life" and only travelling with the bare necessities. Picture: Instagram

Tracey and Rob were sick of Sydney life, so they sold their home

The millionaire real estate mogul who rents

Luis D Ortiz, the real estate genius who made millions in New York, then walked away, is on his way to Australia.

The millionaire real estate mogul who prefers to rent

Coffee king forks out $6.5m for Queensland home

Philip and Gianna Di Bella now have a new New Farm at home. Picture: Annette Dew.

Phillip Di Bella has forked out $6.5 million for a New Farm home

Rare look inside ghostly abandoned casino

Photojournalist Jakub Kyncl managed to get inside Romania’s creepy old Constanta Casino. Picture: Jakub Kyncl

The haunting remains of Romania’s grandest casino