Buyer had no idea he'd just paid seven figures for this home

When the hammer fell on this house, the newly-minted buyer had no idea he was the owner of a $1 million-plus property.

The purchaser was in the air, on a plane back from Taiwan, during the battle to ink the contract for the suburban Brisbane house. His brother bid for him and was successful, but unable to share the news until he landed.

The agent said the buyer did not know the deal was done in his name until he touched down in Australia.

SOLD - $1,052,000

34 Mount D'Aguilar Crescent, Algester QLD 4115

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“A local family won the auction but they are actually still on the plane back from Taiwan and his brother was bidding on their behalf,” listing agent Simon Au of Ray White Sunnybank said in the agency’s auction wrap.

“It’s a great story. There was a lot of competition for this four bedroom home. It’s a record price for a house on a small block of 456 square metres.”

The home in the southern suburb of Algester traded for $1,052,000. Seven parties bid, from the ten who registered, propelling the property over the $950,000 reserve.

The sellers were so happy, they would go through it all again, Au said.

“That’s a record price for that size block. There were a lot of investors plus local families bidding. As you can see we have 10 times more buyers and sellers right now. It’s a great time to be selling.”

Domain’s national clearance rate clocked in at 63.6 per cent on the weekend.

Brisbane’s highest-selling address was a development proposition in Sunnybank.

Marketed as a blank canvas for a new build, a side-by-side townhouse project or an apartment complex, the double block, covering 809 square metres, sold for $1.57 million, Domain data shows. The deal was inked by Ray White Rochedale.