More than $12 million in property sold under the hammer in one evening

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Ray White Takanini/Karaka had huge success during its online auctions last night, selling  $12,634,500 in property under the hammer, with an 80 per cent clearance rate. 

There were 10 properties up for grabs, with eight sold under the hammer and two passed in, with agents working towards conditional sales. 

Ray White Takanini/Karaka director Peter Belcher said the online auctions hadn’t slowed down buyer activity. 

“The online auction was really tidy and we got positive feedback from the industry and our clients/customers,” Mr Belcher said. 

“The team worked really well together albeit remotely representing the telephone bidders in a Zoom forum.” 

A property located at 144 Drury Hills Road, Drury, sold for $2,110,000 — $1,120,000 above CV. 

The rural property received a large amount of interest from investors, with 11 registered bidders on the night. 

The winning bid went to a local New Zealand investor. 

“It sits in a specialist zone called Future Urban, which means it’s come out of rural but it’s not residential yet,” Ray White Karaka salesperson Leigh Ingle said. 

“This area, Drury, is poised for massive growth in the future. 

“This was a smaller than usual site, and because the prices have been going up so much in this area, this was more affordable for people wanting to buy Future Urban.” 

Ms Ingle said the vendors were a family who had lived in the area for a long time, but wanted to move to a smaller, more manageable property. 

She said they were over the moon with the result. 

“My colleague Sun Lim has been on the phone constantly for the last two weeks talking to people and taking lots of the enquiries and being crystal clear about the opportunities and the risks,” Ms Ingle said. 

“It was the communication from the team and knowing our area which allowed us to get such a great result.” 

Another property at 26 Ray Small Drive, Papakura sold for $1,715,000 — $675,000 above CV — a great result for the vendors and listing agents Gagan Dhillon and Rachael Collier.