Bargain hunters stimulate market
BIDS were flying left and right at the Elders property auction on Tuesday night at the Elders auction room in Grafton.
Dave Dart, of Elders, is pleased with the results.
“We had four of six properties go under the hammer and there was plenty of bidding,” Mr Dart said.
“It was also a really great night for first-home buyers.”
Properties from Grafton, South Grafton, Dalmorton and Wooli were up for sale with all drawing plenty of support in the race to be the buyer.
A three-bedroom Duke Street property was sold for $226,000.
The property features spacious bedrooms and polished timber floors throughout.
The happy and enthusiastic bidding continued for a South Grafton property, with 236 Bent Street selling for $236,000.
The home is well lived-in, well maintained and features a teenager's retreat.
A three-level property, complete with cathedral-style ceiling, at 16 Brougham Street, Grafton, went to a happy buyer for $310,500.
A landscaped tropical-themed garden that winds its way around the entire property, and the potential for up to six bedrooms, attracted a flurry of bids in the quest to be the owner.
The buy of the night, however, was 8 Maud Street in Grafton.
The 2000 square-metre, flood-free, flat block was the main drawcard, as the house needs significant work.
The hammer for this 'developer's dream' fell at $300,000.
“Maud Street was a great buy because you can do almost anything with it,” Mr Dart said.
“The market appears to be favouring the first-home buyer at the moment with the increased first-home buyer's grant under review,” Mr Dart said.
“Everything at the moment looks strong, with property always being a sound investment.”
Auctions were held for Ray White last night at the Quality Inn in Fitzroy Street, Grafton.