Brisbane auctions: Buyers lining up to bid for houses south of the river

Whether it’s humidity, heat or rain, buyers will be out in force to see some special properties on Brisbane’s south side go under the hammer this weekend.

At Mount Gravatt East, a luxury contemporary home is poised to set a new benchmark for the area, having drawn the attention of buyers from neighbouring blue-chip suburbs.

Selling agent Stan Egawa of Place Sunnybank said more than 115 groups of people had been through 31 Spence Street, Mount Gravatt East, all impressed by the calibre of the build.

“This was a home built by a builder, for himself to live in. He’s now got another opportunity and is selling but it was built to be a lifetime house,” Mr Egawa said.

“So to see a house of this standard hit the market in Mount Gravatt East is very rare. Nothing like this has been sold in the area and it’s triggered a lot of people who wouldn’t ordinarily consider Mount Gravatt East to check it out because it’s just that beautiful.”

The house is a five-bedroom, three-bathroom, two-level home set on 647 square metres of land with a grassy backyard and pool. Located in the Mansfield State High catchment, it features high ceilings, high-end appliances and a clever layout designed for families.

Mr Egawa said buyers generally looked to suburbs like Coorparoo and Camp Hill to get a house of this standard.

“They’re getting that luxury without the inner-city price tag,” he said.

“Normally they look to those inner-ring suburbs but, of course, they need more money there. The location is something that people will be considering into the price but how much they’ll save by compromising on the suburb, we’re not sure. It’s going to be an interesting one.

“Mount Gravatt East is a very underrated suburb, definitely one to watch.”

Number 31 Spence Street, Mount Gravatt East will go to auction Saturday, March 30 at 11am.

In Annerley, buyers looking for a substantial piece of land to build their dream home on are expected to turn out in their numbers at the auction of 15 Sampson Street, in Annerley.

The massive 1100-square-metre block already has a two-bedroom house in place, but significant termite damage lends the property to be demolished and used as a blank canvas, subject to council approval, selling agent Luke Croft of Ray White South Brisbane said.

“To have a site of this size is unusual, most other blocks in the area are 450 square metres in land area, so such a large parcel isn’t common at all,” he said.

“There’s a real opportunity for a couple or a family to come in and subject to council approval, build their dream forever home.

“Annerley has changed a lot over the years and is now a vibrant suburb on the fringes of Brisbane CBD.

“When the ‘Green Bridge’ was built, it opened up this particular pocket to investors so the age demographic began to change.

“Now, buyers have the benefit of the bridge link direct to the University of Queensland and easy access to the M1, opening up routes to the north and south.

“You also have amenities in close proximity, with the PA Hospital and the shops at Buranda Village that has a Woolworths and Target, just minutes away by foot.

“What we’re talking about here is pure potential, and the fact the property is in the catchment area for the brand-new school in Dutton Park will be a major drawcard for families.”

The auction will take place on site on Saturday March 30, at 4pm, if not sold prior.

In the south side hotspot of Robertson, another large property with double street access is going under the hammer at 1pm through Ray White Holland Park’s Isa Kural.

Set on 1059 square metres, the home at 1 Reculver Street is on the market for the first time since it was built by the seller around 40 years ago.

“It’s in an area where buyers are paying top money for properties, liking the school catchments and being close to Sunnybank,” Mr Kural said.

The house is set across two levels and has four bedrooms, three bathrooms, a pool and parking for eight cars.