Three homes in a row on McCulloch Road, Sunnybank, sold for a combined $3,025,000 when they went under the hammer on Saturday.
A crowd of about 70 people gathered to watch the auctions, and 13 people registered to bid for the properties which were sold in two lots.
David Holmes of Metro auctions said the auctions were “absolutely nuts”, with a much larger and louder crowd than expected.
Numbers 231 and 229 were auctioned together and sold for $2.08 million, while 233 sold for $945,000.
Mr Holmes said the lots sold to different local Chinese buyers, who have different plans.
“It looks like they’ll be developing on the two blocks, the other block will be held as investment.”
He said recent million dollar-plus sales had spurred the vendors into action, and they were all “over the moon” with the result.
The properties, between 701 and 711 square metres each, are close to Sunnybank Plaza and were previously held as investment properties.
In New Farm, a deceased estate in a prime position sold for $1.6 million under hammer.
The 507-square-metre block with an original cottage at 227 Kent Street, New Farm attracted a crowd of about 100 onlookers and 15 registered bidders.
Selling agent Jack Dixon of Dixon Family Estate Agents said the auction went well.
“The executors of the estate are very pleased, it’s good result which reflects the quality of the block,” he said.
Thanks to its dual street access and proximity to James Street, Mr Dixon said interest had been mostly from people looking to renovate, which is exactly what the winning bidder plans to do.
In the same family for 55 years, the two bedroom cottage will need some serious work to make it a dream family home.
Another long-held property attracted plenty of interest in St Lucia, selling for $815,000 at auction on Saturday.
A crowd of about 20 people showed up to 236 Sir Fred Schonell Drive, and a passerby pulled over in a no-stopping zone to watch the auction of the rare property.
Built about 65 years ago, the property sits in a flood zone and on a busy main street, but selling agent Brett Andreassen of Doug Disher Real Estate said potential buyers were looking at the property from a long term perspective – its proximity to the University of Queensland was a particular drawcard.
“People are looking at renting it out as is, using it as a landholding,” he said.
Bidding started at $700,000 with two buyers fighting it out in a fast-paced auction. In just five minutes, the property sold under hammer.
Successful buyer Rebecca, who didn’t want her last name used, said she was happy with the result and plans to rent it out to university students.
For seller Mike Connors, it was a bittersweet moment.
“I’m extremely happy,” he said. “there are a lot of emotions.”
His parents bought the block in the 1950s for a few hundred pounds – “a lot of money back in the day” – and then built what would have been “one of the first homes in St Lucia.”
His mum lived independently in the home until the day she died at 94.
“We had a lot of good times here,” he said.
Surrounded by units, the house sits on a 574-square-metre block. As well as being practically next door to UQ, the property is located in the Ironside State School catchment area.