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New street and building record by $100,000

Statistics

In 7 days on market we achieved:

  • 19 individual inspections
  • 3,303 full page views online
  • New Street and building record- highest price for 3 bed unit by $100,000
  • Multiple written offers

89/10 Lower River Terrace, South Brisbane

Since 2007, every single year, I have proudly achieved the highest price for unit sales in South Brisbane. In 2015 I again achieved the highest average sale price as well as most dollar value of sales (rate my agent). I have also had the immense pleasure of holding an 80% market share of the unit sales in 4101’s premiere address of Lower River Terrace. This particular property was an amazing result because the highest price record for a 3 bed unit in the building and street was $1,400,000 which I set in 2009. To break a building and street record that no one came close to in 6 years, was very rewarding for my seller and I.

The beautiful marketing of this property attracted 3 strong buyers. The actual buyer saw the property featured in my weekly e-news. She was initially looking at houses in West End and was the under bidder at an auction that I sold just two weeks earlier. When she saw the photo’s on my site she immediately contacted her family in China and they flew in for a private inspection. I did a further two private inspections. After the first Saturday open home we had a further offer from our Chinese buyers. I negotiated the successful buyer up from $1,300,000 to $1,500,000 over the space of 48 hours. Although this was private treaty and not an auction, I also managed to negotiate the removal of a building and pest clause as well as removal of the finance clause. The only condition in place was a subject to Foreign Investment Review board approval clause as they were here on a 457 work visa. The approval was organised within 24 hours and two days after the first open home the property was sold for a new building and street record of exactly $100,000 more than the previous record price.

About Adam Nobel

Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA

adam@hugoalexander.com.au

0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 20 years experience in property investment, and 14 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

Google Rating
5.0