Home gone in seconds, $100k over reserve

58 Milanion Cres, Carindale

A Carindale home was snapped up in seconds at a lightning-fast auction highlighting fierce demand which has pushed up house prices in the family-friendly suburb.

Place Auctioneer Sam Kelso had barely called the opening bid of $1.2m when an eager young couple jumped in at $1.4m — $100,000 over the vendor’s reserve sale price.

The property was announced on the market within moments and sold under the hammer after just two bids, leaving four other hopeful buyers in its dust.

The three-bedroom, one-bathroom home at 58 Milanion Crescent recorded the highest price ever achieved for a home of its kind in the suburb.

The vendors were a young couple who had renovated the property

The median price across all house types in Carindale was up 9 per cent over the past 12 months to $1.7m, according to PropTrack data.

Place Camp Hill selling agent Joanna Gianniotis, who managed five registered bidders on the day, said she was stunned by the speed and decisiveness of the result.

“It was one of the quickest auctions I’ve ever seen. From $1.2m to $1.4m

in seconds, and suddenly it was all over.

“It really caught us all by surprise and we are so excited for the new owners who clearly fell in love with the home,” Ms Gianniotis said.

Five bidders were hoping to take the keys

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The vendors were a couple in their 30s with a baby who also plan on flipping their next property, while the buyers were moving from Cairns.

The renovated home had drawn interest for its reasonably affordable price point, as more buyers sought move-in ready properties over fixer-uppers.

It featured an attractive character façade, with a floorplan blending style and functionality.

Floating timber floors, a bright and airy colour palette, and custom joinery set the tone, while an open-plan living and dining area flowed to a covered rear deck overlooking the large backyard.

open-plan living spaces led out to a raised deck

“Families and professional couples love this pocket of Carindale, close to the recreation reserve, Westfield Carindale and great schools,” Ms Gianniotis said.

“When homes like this come up, buyers are prepared to move quickly and compete hard.”

Auctioneer Sam Kelso said buyer activity across Brisbane was strengthening, reflected in both registrations and results.

“We’re seeing registrations climb again and momentum build following the recent interest rate drop. This result is a great example of buyers acting with confidence and decisiveness,” he said.

Ms Gianniotis said the result was a “real vote of confidence” in the local market.

“To achieve the highest-ever price for a three-bedroom, one-bathroom home in Carindale shows how much the suburb has grown.”

The result reflected big growth in the suburb

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