Brief
Queenslander sells for $1.96 million at Enoggera auction, defying market slump
The home fetched $1.96 million at auction, surpassing its $1.85 million reserve despite a low clearance rate across southeast Queensland.
By Felo News Desk · Published
On Saturday, a classic three‑bedroom Queenslander at 13 Orchid Street, Enoggera, sold for $1.96 million, well above its $1.85 million reserve, according to the Sydney Morning Herald.
What happened
The property sits on an 810‑square‑metre block near schools and parks. Four registered bidders attended the auction; three placed bids after the opening price of $1.85 million. Bidding rose in $20,000 and then $10,000 increments until a regional Queensland buyer emerged as the sole remaining competitor and secured the purchase at $1.96 million.
What the reports add
Selling agent Andrew Degn of Place West said the crowd “roared and clapped” when the hammer fell, noting the buyer’s enthusiasm for the location, block size and heritage features such as VJ walls and lead‑light windows. Degn also observed that, despite the strong result, uncertainty continues to weigh on market sentiment. He added that inspections over the weekend attracted people planning to move to Brisbane next year, citing relative affordability.
Domain’s preliminary data for the week showed an 18 percent clearance rate from 100 reported results, with 17 homes withdrawn. The article also referenced a nearby auction in Springwood where a three‑bedroom, two‑bathroom home on an 708‑square‑metre block sold for $1.09 million, just shy of its $1.1 million reserve after a series of $50,000 and $25,000 raises.
What was said
Degn told the SMH, “We tried to push him to pay $2 million … but he said he didn’t want to bid against himself.” He later said, “The whole street was there… the buyer loved the location, block size and the home’s classic features.”
Ray White Springwood agent Johnson Teo, speaking about the Springwood sale, explained, “The reserve was $1.1 million, so I had a call with the auctioneer and the sellers and together we agreed that if there was no more after $1.08 million, we had to consider it because at the end of the day it’s a cash contract.”
How it came about
The Enoggera auction was one of 161 scheduled across southeast Queensland that week. Earlier in the month, Felo News reported on a rapid 40‑second auction of defender Luke McDonald’s Kensington terrace, highlighting a broader trend of high‑profile, fast‑moving sales in Australian property markets.
Key facts
- The Queenslander at 13 Orchid Street, Enoggera sold for $1.96 million. (smh.com.au)
- The reserve price was $1.85 million. (smh.com.au)
- Four registered bidders attended; three placed bids. (smh.com.au)
- Domain reported an 18 percent preliminary clearance rate for the week. (smh.com.au)
- A nearby Springwood home sold for $1.09 million, just below its $1.1 million reserve. (smh.com.au)
Sources
- [1] smh.com.au — originally reported as “Auction crowd roars as classic Queenslander’s $1.96 million sale defies slump”
