Brief
Family from Rochedale wins Daisy Hill home at $1.47 million
The auction of 6 Nanny Shailer Street saw a family from Rochedale secure the property after a bidding war that began with an opening bid of $1.2 million.
By Felo News Desk · Published
A family of four from Rochedale won a four‑bedroom house in Daisy Hill for $1.47 million after a two‑week auction that saw three other parties outbid each other. The property, 6 Nanny Shailer Street, was first listed with an opening bid of $1.2 million, sparking a rapid rise in offers. Ray White agent Johnson Teo said the buyers intended to rent the home initially but plan to live there because it is close to John Paul College, where they want to send their children.
Teo noted that the auction ran for about seven weeks and that the buyers made an early offer of $1.4 million. He added that the vendors, who built the home 15 years ago and were looking to downsize, had originally been reluctant to auction but ultimately accepted the sale price. The sale was one of 133 auctions scheduled across South East Queensland in the past week. Domain reported a preliminary clearance rate of 36 % from 97 results, with 10 homes withdrawn.
Teo also commented on the broader market, saying that Brisbane’s market has slowed, with prices falling by up to 15 % and stock levels rising. He warned that further price drops could lead to distressed listings similar to those seen during the global financial crisis.
Key facts
- The house at 6 Nanny Shailer Street sold for $1.47 million (smh.com.au)
- The opening bid was $1.2 million (smh.com.au)
- The auction lasted about seven weeks (smh.com.au)
- The property is a four‑bedroom home in Daisy Hill (smh.com.au)
Background
The sale follows a trend of slowing property prices in Brisbane, with recent data indicating a 15 % fall in prices and increased stock levels.
Why it matters
The transaction illustrates the competitive nature of Brisbane’s property market and the impact of auction dynamics on final sale prices.
What happens next
The vendors will likely proceed with the sale and possible rental arrangements as planned by the buyers.
Sources
- [1] smh.com.au — originally reported as “Daisy Hill vendors ‘got more than they wanted’ with $1. 47m sale”
