Mega auction a roaring success

By Jo Kennett

BUYING AND selling at auction may sound like a daunting process if you haven’t tried it before, but local agents say it has definite benefits for buyers and sellers, with one local agent selling half their properties at a mega auction recently.

Tate Brownlee Real Estate held a mega auction on Tuesday, January 24 with 15 properties under the hammer.

“More than 50 per cent of properties sold at auction and immediately after, with more sales pending,” Tate Brownlee business owner Kristen Merrion told The Weekly Real Estate.

“Our top seller on the night was 7 Highland Drive, Terranora, selling for $1.48 million.

“We will be having auctions every month. We are auction experts. “We have a team dedicated to assisting buyers to be auction ready.”

Kristen said that an auction is a transparent sale process “bringing sellers and buyers together, in a public forum.”

“The auction process is the way to go if you engage with an experienced auction agent and auctioneer,” Kristen said.

“The days on market are significantly lower than a private treaty.”

According to First National Real Estate Murwillumbah’s Helen Flynn, selling property by auction comes with various benefits and features, making it quite different from selling by private treaty.

“An auction provides an owner with the opportunity to set a date for the actual auction to take place and therefore provides a structured program for the process of selling,” Helen said.

“There is always a possibility for a sale prior to auction, on auction day, or should the property be ‘passed in’ at auction; it is quite common for a sale to take place post auction.

“Even if passed in at auction a sale can be negotiated later that same day and the auction conditions of sale still apply.

“The most notable conditions of sale by auction (or pre auction) are that the sale is unconditional so the purchaser/s must be satisfied that any improvements are in sound condition and they have the necessary funds or finance to complete the transaction. Following the actual auction day any sale is by private treaty and can be conditional, including a cooling-off period for the purchaser.

“Other features of selling by auction are: competitive bidding at auction can maximise the sale price for the seller.

“The pre-auction marketing period allows the purchaser to make their enquiries on the property – obtain finance, have pest and building reports done.

“It allows for the seller to gain prospective buyer comments and feedback to the marketing agent so that they can position the property price wise for auction day in setting their reserve price.”

Helen is selling a four-bedroom home with a view over the golf course at auction on site at 12 Golden Links Drive, Murwillumbah, at 11am this Saturday, February 4.

“The property will be open for inspection from 10.30am for any interested parties,” she said.

“The vendors of this property decided to auction the property because they wanted a sale within a definite time frame.

“They have relied on a certified valuer’s valuation to set the reserve price as well as buyer feedback.

“The vendors have provided a current pest and building report to assist intending buyers.

“We are looking forward to an excellent result on Saturday.”

Owner of Schmith Estate Agents

Justin Schmith has an open home and an onsite auction this Saturday, February 4, at 65 Cominan Avenue, Banora Point

(open home 12pm, auction 1pm).

The property is a beautiful six-bedroom entertainer that will appeal to buyers looking for a home life of luxury.

Justin says that auctions provide “a transparent approach to multiple offers.”

“Auctions can also give a buyer insight to what the market is doing in particular areas and price points,” he said.

“It’s about confidence and being educated in the process.”

93 Byangum Road,Murwillumbah

PRICE: $820,000

3 BED | 1 BATH | 2 CAR

Solid brick 1920s family home sits proudly elevated in the heart of Murwillumbah

Kosciusko 'bubble' glass windows, high ceilings and gorgeous floorboards

Ample enclosed storage and workshop space

Large 784sqm block with established veggie garden beds and mature fruit trees

189 Tweed Valley Way, South Murwillumbah

PRICE: CONTACT AGENT

3 BED | 2 BATH | 1 CAR

Waterfront home offering an enviable lifestyle and direct river access

Charming period features throughout, VJ panelling and timber floors

Covered entertaining deck overlooks sundrenched backyard

Views to Mount Warning and surrounding ranges

Fully fenced, generous 734sqm block

Stafford Street, South Murwillumbah

10

PRICE: $620,000 - $660,000

2 BED | 1 BATH | 2 CAR

Tastefully renovated character home with light and airy interiors Open plan kitchen, living and dining area

Large deck flows off the main living area allowing easy entertaining Situated within easy walking distance to Murwillumbah's CBD, shops and restaurants

Wardrop Street, South Murwillumbah

PRICE: $1,000,000 - $1,100,000

3 BED | 2 BATH | 2 CAR

Period home blending original features with modern touches 3 generous beds, master with large en-suite and WIR

Easy relaxation zones including a massive undercover balcony

Sparkling swimming pool

Rear lane access enabling easy drive through for the caravan or boat

117

River Street, South Murwillumbah

PRICE: $799,000

3 BED | 3 BATH | 1 CAR

Comfortable, elevated family home enjoys stunning views to Mount Warning Spacious back yard with direct river access

Extra accommodation options with an established studio Easy walking distance to the bustling hub of Murwillumbah

Generously sized blocks to build a new home

Lot 2 comprising of approx. 776sqm and Lot 3 of approx. 896sqm

Both blocks are elevated to take advantage of views to the surrounding border ranges Positioned within easy walking distance to the center of Murwillumbah

106

River Street, South Murwillumbah

PRICE: $900,000

4 BED | 2 BATH | 2 CAR

Set on a generous 1018sqm block Light interiors, soaring ceilings, and beautiful blonde timber floors

Extra accommodation options with an established studio downstairs

Easy walking distance to the bustling hub of Murwillumbah

27 Bent Street, Murwillumbah

PRICE: $395,000 - $430,000

VACANT LAND

Elevated 500sqm vacant block D.A. ready to submit for a stunning tri-level home Enjoy the blissful views to the surrounding border ranges Situated within easy walking distance to Murwillumbah's CBD, shops and restaurants

92 Braeside Drive Uki

PRICE: $1,000,000 - $1,100,000

4 BED | 2 BATH | 3 CAR

2/1557 Kyogle Road, Uki

PRICE: $465,000 - $510,000

1 BED | 1 BATH | 1 CAR

Flood free sanctuary on 2 acres Uniquely designed home with expansive entertianing decks

Double garage + large workshop / machinery shed with attached office space

Moments to the village of Uki and 10 minutes to the bustling Northern Rivers hub of Murwillumbah

2981 Kyogle Road,Kunghur

PRICE: $500,000 VACANT LAND

Build your dream home in the gated Panorama development 3 acre plot with mesmerising views to Mount Warning

Plenty of room for food gardens, farm pets and for the kids to roam safely

Located 10mins to Clarrie Hall

Dam for fishing and boating and 15mins to the village of Uki with superb cafes and weekly markets

Peacefully private abode situated on 6 acre share Stone wall features and high ceilings, large windows allow natral light to pour in Moments to the village of Uki where you can enjoy markets and cafes and a quick 10min drive to Murwillumbah

478 Tweed Valley Way, South Murwillumbah

PRICE: CONTACT AGENT

1 BED | 1 BATH | 2 CAR

Elevated and centrally located home to shops and cafes in Murwillumbah CBD

Low maintenance living with a great outlook over fields and mountains beyond A motorised chair lift is in place for anyone whose needs would suit this extra feature

3 Highland Drive Terranora

Enjoy a hint of cool country living close to all major amenities, from this overly spacious (4) bedroom lowset residence commanding scenic views and surrounded by a playful 7635m2 allotment with rolling lawns.

KEY FEATURES

• Generous formal & informal living areas

• Separate family/media room

• Master bedroom with walk in robe & ensuite

• Large main bathroom with separate shower & bath

• Well-appointed kitchen with granite benches, 6 burner gas hot plate & 900mm oven

• Ducted reverse cycle air-conditioning

• Extensive wrap around covered balcony / decking with full sun blinds

• Fully tiled in-ground pool

• Automatic double garage plus exterior space for caravan or boat

• Mature easily manageable gardens with a range of shady trees over wide spread rolling lawns car

Land Size 7635m2

For Sale

$1,800,000

Open Saturday 4th - 12:00 - 1:00pm (NSW Time)

David Stringer 0418 150 731 david@djstringer.com.au

1/40 Durran Street Tugun

Stroll home from a day at the beach & local shopping to immerse yourself into this private (2) bedroom fully furnished duplex town home (just 1 of 2 only) offering a splendid courtyard fitted out for the avid entertainer or simply a perfect destination for a chill out day watching the footy with your mates.

KEY FEATURES:

• Generous air-conditioned tiled living

• Modern well-appointed kitchen

• Two sizable bedrooms with built in robes (master with air-conditioning)

• Main bathroom & toilet on upper level and 2nd toilet on ground / living level

• Front terrace

• Balinese inspired under cover alfresco dining area

• Upper terrace style patio w/ privacy weather blinds

• Fully fenced rear courtyard with small lawn blanket & raised garden beds

• Internal European style laundry

• Single automatic lock up garage

• Outdoor shed within fenced enclosure.

Interest Over

$800,000 Open Saturday 4th 9:00 - 9:30am

David Stringer 0418 150 731 david@djstringer.com.au

175 Tweed Valley Way South Murwillumbah

Enjoy all year summer fun from this cute (2) bedroom plus study Queenslander style cottage, where your back lawn laps the water's edge of the beautiful Tweed River.

For boaties, skiers, anglers and wake boarders, your picturesque waterfront playground with its glassy water and lush surrounds, winds its way from the weir and extends on stream out to the Pacific Ocean.

KEY FEATURES:

• Cool timber flooring throughout

• Air-conditioned living & master bedroom

• Well-appointed kitchen with water view

• 2 Bedrooms

• Additional sunroom which could be occupied as a guest room or study

• Large, covered entertainers' deck

• Under house storage

• Oversized remote lock up garage & external space for second car / boat

• Fishing platform or skier's dock

Land Size 708m2

For Sale

$795,000 Neg

Open Saturday 4th 9:00 - 9:30am (NSW TIME)

David Stringer 0418 150 731 david@djstringer.com.au