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A four-bedroom, two-bathroom high-set cottage at 141 Heal Street, New Farm sold under the hammer for $2,300,000.
Ray White Collective agent Nick Mogridge marketed the property and said there were four local registered bidders who showed a keen interest in the property.
“The property also attracted interest from interstate and overseas,” Mr Mogridge said.
“We had interest from a buyer in Hong Kong who wanted to flip the home - the property went global.”
Three brothers sold their family home to a local buyer after it was held in the one family since 1950.
Mr Cush said there was “strong competition” at the auction.
“As a New Farm local, I loved seeing the interest in the Heal Street property,” he said.
Mr Cush said being the second last Saturday of the year to sell, it was a testament to the 2025 market and what’s to come in 2026.
A property at 3/40 Beatrice Street, Hawthorne, sold for $690,000. The property was marketed by agent Jack Bonney.
Meanwhile on Friday, the latest Auctions at Altitude auction event on the Sunshine Coast recorded almost $30 million in sales for Ray White Maroochydore and Buderim.
The event brought 34 properties to market, representing almost $50 million in total value, with 23 properties sold on the night, achieving a strong 68 per cent clearance rate.
Ray White Maroochydore | Buderim director and auctioneer Dan Sowden said buyer competition remained intense throughout the evening, with 127 registered bidders and 207 people in the room, reinforcing the depth of demand across both coastal and hinterland markets.
“The highest sale of the evening was achieved by a four-bedroom luxury apartment at 802/92 Sixth Avenue, Maroochydore, which sold for $3,300,000.
“Located within the renowned Verve Apartment Building on Sixth Avenue, the result highlights continued confidence in high-quality, owner-occupier apartment stock in prime coastal locations,” he said.
Further reinforcing the strength of the luxury apartment segment, 6/4 Baden Powell Street, Maroochydore also achieved an outstanding result, selling for $2,605,000 on the night.
Leading prestige agent Niall Molloy, who successfully sold all five of his campaigns on the night, said the results reflected a clear shift in buyer preference at the top end of the market.
“These results underpin the demand for high-end luxury apartments on the riverfront,” Mr Molloy said.
The auction of 803/36–38 Duporth Avenue, Maroochydore was the longest auction of the night, running for an incredible 29 minutes and attracting more than 60 bids.
The property eventually sold for $1,982,000, with bidding unfolding in remarkably tight increments - at times as low as $100 - as buyers competed to secure the eighth-level luxury two-bedroom apartment in the Waves building.
