For Your Consideration

Hello,

Outside influences constantly affect the real estate market, which can make it difficult for buyers to assess what the current value of their property is. That’s why it’s a good idea to keep informed about recent sales surrounding properties of interest.

At Image Property, we believe in providing market transparency and equal opportunity. Our reputation is purely based on the service, information and results we achieve for our community and we are always here to help.

Please see below the recent sales that have occurred in the local area to assist you with your market research and assessment of value.

Kind regards,

Chris Jarrett

Sales Agent
0494 106 848
chris@imageproperty.com.au

Surrounding Sales

85 Panorama Dr, Doonan
4 bed, 3 bath, 5 car

Land size: 1.08 acres

Sold $3,000,000 in October 2024

108 Panorama Dr, Eumundi
5 bed, 5 bath, 3 car

Land size: 3.24 acres

Sold $7,250,000 in November 2024

81 Panorama Drive, Doonan
5 bed, 6 bath, 3 car

Land size: 1.95 acres

Sold $11,200,000 in November 2024

This information is supplied by Realtair Pty Ltd (ABN 24 608 058 859) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298)

Tips for Buying at Auction

"Purchasing a property is a major decision and all of the process associated with it can be quite daunting"

Auction day can be a nerve wracking day for all involved, but remember that the agent and auctioneer are there to assist you in your efforts to purchase and can often be your greatest allies on the day. A few tips that may help you secure the property:

Bid with Confidence

The wait and see strategy is a popular one amongst purchasers but ultimately does little towards achieving a purchase. It is the bidder who bids with confidence and without hesitation that in most cases controls the flow of the auction. You are much better to set the tone and show your competition that you intend to buy, than sit back and potentially be on the back foot.

Work with the Auctioneer

Although the auctioneer on the day is employed by the seller, ultimately they want to achieve the same outcome you do – a sale. Ignoring suggested increments, interrupting & continually questioning if a property is “on the market” are not helpful to establishing a working relationship between both parties. You are welcome to suggest any bid or amount you like, but remember the auctioneer may refuse a bid if it is not deemed in the best interest of the seller.

Vendor Bids

The auctioneer is legally allowed to make bids on the sellers behalf. A vendor bid must be disclosed by the auctioneer, who will use the words “vendor or seller” bid. It is not the reserve price and indicates a price at which the vendor will not accept. A vendor or seller bid is used in different circumstances to either start the bidding, or increase the bid to a level closer to the vendors expectations. Vendor bids are helpful because it gives you a better idea of what number it’s going to take to buy the property

Increasing your own bid

Why must an agent or auctioneer ask you to increase your own bid? This is a common occurrence in today’s market so don’t feel uncomfortable about it. At some point in the auction, the estate agent or auctioneer may come up to you and ask you to increase your own bid. This may occur as your current bid may not be at a price the vendor will accept. Therefore you may need to increase your own bid if you wish to purchase the property.

What happens if the property is passed in?

Most auctions I facilitate have conditional buyers (buyers that can’t bid under auction terms and conditions) waiting and hoping that the property passes in. Should the property pass in, everyone will have equal opportunity to submit their offer. If you can bid under auction terms and conditions, give it your best shot at the auction as it is the most transparent way to buy and, in most cases, less competitive. I would recommend going and spectating at a few auctions prior to participating. Watch which purchasers are successful and the tactics they employ. Feel free to get in touch with the agency, or call the Apollo Auctions team and we can supply you with addresses, dates and times of upcoming auctions that are close for you to view.

Always Here to Help

Thank you for the opportunity to provide this information.

If there is anything further we can assist you with, please don't hesitate to get in touch.

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Legal Disclaimer

Copyright and Legal Disclaimers about Property Data
The information displayed in this document is based on historical and current data supplied to Proptrack Pty Ltd (PropTrack) by third parties including State government agencies. PropTrack does not make any warranty as to the accuracy, completeness or reliability of the information or accept any liability arising in any way from any errors or omissions in this information. The information should not be regarded as advice or relied upon by you or any other person and PropTrack recommends that you seek professional advice before making any property decisions.

Queensland Data

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