Yelarbon township offering attracts strong auction attendance

There was much interest when much of the main street of an outback rural Queensland town went to auction without a reserve price, grossing $156,000 on Saturday.

The deceased estate in the south-central Queensland town of Yelarbon saw about three quarters of the town sold.

The three auction offerings included shops on the town’s main street.

"Out of the five shops currently Australia Post is the only remaining tenant and are happy to stay on as long as the new owner would like," True Country Realty selling agent, Mr Jodi Bynon said.

He said there had never had so much attention on Yelarbon which is more than 300 kilometres south-west of Brisbane on the New South Wales border.

It has a population of around 450 woke up to crowds of up to 200 people who had flocked to the south-central Queensland town in hopes of scoring a bargain.

The three auctions attracted 60 registered bidders and sold to three different buyers.

The first auction of five shops sold for $60,000; the two freestanding shops sold for $26,000; and the house sold for $70,000.

“The number of people who came to the town was about half of the population here,” he said.