Buyer confidence unshaken in Brisbane’s north

RAY WHITE Albion principal David Treloar says there’s no lack of genuine buyers, especially for 25 Warraba Ave, Wavell Heights which spent a total of five days on the market before being snapped up for $1.3 million.

The three bedroom property was on the market for the first time in 70 years and was originally scheduled for auction in late April but overwhelming buyer interest saw it sell prior.

“It had been on the market for five days, there was a written offer presented to the seller and it sold prior. It was an amazing result and the seller was really pleasantly surprised by the result which was above expectation,” Mr Treloar said.

The property garnered interest from across the eastern coast of Australia including Brisbane and further afield in Sydney. In the end, the winning offer came from a local who purchased directly off the owners.

“We had incredible interest from southern buyers but it was a local buyer that ended up buying the property. It attracted offers from Sydney in particular as well as all over Brisbane but it was nice to see it go to a local buyer,” he said.

“The sale was a bit unconventional and the buyer had a nostalgic connection to the street.”

Mr Treloar said that confidence in the real estate market is still high on Brisbane’s northside.

“Enquiry has petered off a little bit but the quality of remaining buyers is just great. Every time the phone rings it’s a buyer wanting to buy with real purpose,” he said.

“With the majority of the community, it’s still business as usual to a certain extent. A lot of people we deal with, their industries to an extent have remained unaffected so they are undeterred by recent events.

“I think it’s to their detriment if anyone is shying away from selling or buying at the moment.”