A solid 61% auction success rate Brisbane's first February Super Saturday

A solid 61% auction success rate Brisbane's first February Super Saturday
Jonathan ChancellorDecember 7, 2020

Brisbane agents scheduled a record number of homes for a February weekend with the preliminary result seeing a 61% success rate.

Some 142 properties were scheduled for auction, well ahead of the 84 auctions conducted last weekend and significantly higher than the 100 listed over the same weekend a year ago.

Windaroo hosted the most number of auctions this weekend with seven followed by Sunnybank and Ascot with five each.

Seller confidence in the Brisbane housing market continues to rise following a record spring-summer auction season, Fairfax Domain senior economist Andrew Wilson said.

"This year has commenced in similar fashion with a record early season 448 auctions over the last five weekends compared to the 390 listed over the same period last year," said Wilson.

"Solid buyer demand for inner and middle suburban properties continues to drive the Brisbane housing market with prices continuing to rise."

APM reported the weekend's top sale was $1,496,000 when the four bedroom 89 Towers Street, Ascot (pictured above) deceased estate offering sold through Ray White.

The weekend's cheapest was a three bedroom house at Morayfield for $183,000. The 1 Judith Street house sold through Lynne Cornish Real Estate.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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