SOLD (Bidder 3): $718,000*
Thank you so much everyone!
Date Bidder Price
20/03/2024 Bidder 3 $718,000
20/03/2024 Bidder 5 $716,000
20/03/2024 Bidder 3 $714,000
20/03/2024 Bidder 1 $712,000
20/03/2024 Bidder 9 $710,000
20/03/2024 Bidder 1 $707,000
20/03/2024 Bidder 3 $705,000
20/03/2024 Bidder 1 $703,000
20/03/2024 Bidder 3 $701,000
20/03/2024 Bidder 1 $699,000
20/03/2024 Bidder 3 $697,000
20/03/2024 Bidder 1 $695,000
20/03/2024 Bidder 5 $693,000
20/03/2024 Bidder 9 $690,000
20/03/2024 Bidder 1 $687,000
20/03/2024 Bidder 9 $685,000
20/03/2024 Bidder 1 $682,000
20/03/2024 Bidder 3 $680,000
20/03/2024 Bidder 5 $677,000
20/03/2024 Bidder 3 $675,000
20/03/2024 Bidder 9 $673,000
20/03/2024 Bidder 1 $671,000
19/03/2024 Bidder 8 $669,000
18/03/2024 Bidder 3 $667,000
18/03/2024 Bidder 1 $665,000
18/03/2024 Bidder 3 $660,000
18/03/2024 Bidder 9 $657,000
18/03/2024 Bidder 7 $655,000
18/03/2024 Bidder 3 $653,150
18/03/2024 Bidder 8 $653,000
18/03/2024 Bidder 7 $651,000
18/03/2024 Bidder 3 $649,450
18/03/2024 Bidder 7 $650,000
18/03/2024 Bidder 6 $650,100
18/03/2024 Bidder 4 $642,000
18/03/2024 Bidder 5 $648,600
18/03/2024 Bidder 3 $646,763
18/03/2024 Bidder 1 $645,000
18/03/2024 Bidder 4 $642,000
18/03/2024 Bidder 3 $640,000
18/03/2024 Bidder 2 $636,000
16/03/2024 Bidder 1 $630,000
Contact Jenny: 1of18parkaveauchenflower@gmail.com (email preferred)
Apartment Purchase Guide

Property Details:

Located in the heart of Auchenflower, this 2 bed / 2 bath unit is stylish, spacious, and conveniently close to everything!

Within walking distance are Auchenflower train station, bus and City Cat services, Riverside cycle paths, Toowong Village, Wesley Hospital, cafes, restaurants and sporting facilities. If you’re driving there’s easy access to motorways and only a 10-minute drive to the city.

  • 2 decently sized and separated bedrooms
  • Main bedroom ensuite & walk-through wardrobe, with access to private balcony
  • Second bedroom has access to rear (shared) courtyard
  • Large main bathroom, with laundry section
  • Air Conditioned living area
  • Air conditioner in main bedroom, ceiling fans in both bedrooms
  • Well-maintained hardwood floorboards throughout
  • Private Balcony and (shared) courtyard
  • Remote control access to garage
  • Small secure complex - only 8 apartments with very low ownership turnover

This apartment has been immaculately renovated and maintained since, with hardwood floors throughout, a practical kitchen, beautiful bathrooms and plenty of air conditioning. The open-plan living area is spacious and light, and accesses both the balcony and courtyard.

Underneath the complex is a larger than average, automated single car garage, and the complex has additional off street parking for visitors.

Last purchased in 2014, this apartment has been owner occupied as well as successfully rented during the last 10 years, each resident has loved living there. Come and inspect and see for yourself!

How to Buy This Apartment:

  • This sale will be run as an online pseudo-auction, enabling transparency and honesty to both sides of the transaction
  • The current highest offer will be shown at the top of this webpage, on realestate.com, and emailed out to all 'registered bidders'.
  • Drafted Contract and other property information is available on this website (see Documents tab)
  • Submit your offer via a signed contract, to 1of18parkaveauchenflower@gmail.com - no other offers/terms will be considered.
  • Your first offer will require:
    • Signed Contract of Sale - must include the final page, your full details and your Solicitor detials.
    • Signed Body Corp Disclosure
    • Photo ID
  • Your subsequent offer(s) will require:
    • Signed Contract of Sale (including final page)
  • Offers will close COB 18/03/24, after which a 24 hr period will be set for any further increase (of >$2,000/$5,000/ $10,000, at our discretion). This will be communicated with all bidders to date via email.
  • If no increase is received, the latest offer will be reviewed, and if accepted, signed and sold by the seller. The seller has the right to pass on the final offer or vary the sale method at any time, with immediate communication provided to all interested parties.

The Contract contains the conditions, which are non-negotiable. Any questions, please send us an email.

Why Are We Doing This:

  • We like the idea of auctions, however they come with fundamental risks (on both sides). We have also had bad experiences with real estate, and would like an honest, transparent sale.
  • A traditional auction requires a 10% payment on the day with no cooling-off period, and no finance clause. We believe our $6,000 initial deposit with a longer cooling-off period is a fair compromise.
  • The 10 business day special condition period gives the purchaser the chance to get finance approval and/or their own building & pest report, if required. We will allow access to the property during this time, but the $6,000 initial deposit will be forfeited if the sale doesn't go ahead for any reason.
  • We believe our method will provide openness and fairness to all parties, providing the buyer with confidence around the current bid.
Disclaimer: This should be treated as general information only. The Contract of Sale and its conditions specify each parties legal requirements. It's recommended you discuss with your own Solicitor before signing anything.
Contract of Sale
Contract of Sale
Building and Pest
Building & Pest
Body Corp Disclosure
Body Corp Disclosure Statement
Flood Report
Flood Report
Rental Appraisal
Rental Appraisal
Title
Title
Flood Report
Bodycorp By-Laws

Full Bodycorp search including minutes available on request: email 1of18parkaveauchenflower@gmail.com

A traditional auction requires a 10% deposit, has no cooling-off period, and no Finance clause. This introduces risk to any borrower that requires a loan to finalise the property. Our method significanly reduces risk, which we're hoping will allow prospective buyers to bid comfortably, whilst still maintaining the transparency of a pseudo-auction sale.

No. Please refer to the contract for full conditions, which include an extended 10 business day special condition. This gives you roughly 2 weeks to finalise Finances, or obtain your own Building & Pest report, if you choose.

$6,000 is our best estimate of our losses to put the property back on the market, and sell to another party, should the initial sale fall through.

Ideally, we'd like the bidding to be progressive and start early, so we can approach the final sale price in advance of the initial expiry date (COB 18/03/24). After this point, there will then be a 24 hour extension whenever a new bid is made (with min bid increases in place). We're doing this to avoid small increases extending the auction for weeks. We'd like it to be finalised at (or shortly after) the 18/03/24.

Techincally not, but we will sell above $625,000. We're hoping someone will make a bid of $625,000 towards the start of the process so everyone can move forward with confidence that the property will be sold.

You're welcome to submit all offers, but our intention is to sell through our pseudo-auction. As such, we'd recommend offering per the prescribed terms. IF extenuating circumstances necessitate an early offer acceptance, we'll give all registered bidders a 24 hr notice period to make their best & final offer.

A traditional auction can enforce that the highest bidder signs the Contract of Sale. We can enforce no such thing. Therefore, our only way to ensure the highest bidder WILL buy the property is if we hold a signed contract. We're also using a non-negotiable contract to ensure all buyers are bidding on a fair playing field.

Yes, and we recommend that's the first thing you do if you'd like to make an offer. We're hoping prospective buyers can have the offer contract reviewed initially, so they can make one/multiple bids with confidence.

Unfortunately, there is no exception to the conditions listed in the contract.

We've had no prior dealing with the Building & Pest Inspector/Company and have not requested anything other than a standard report. You're still welcome to do your own if you're the successful bidder.

We'll allow access for any reasonable request, including a Valuer or your own Building & Pest Inspector.
Disclaimer: This should be treated as general information only. The Contract of Sale and its conditions specify each parties legal requirements. It's recommended you discuss with your own Solicitor before signing anything.
Disclaimer: A bid does not refer to a bid in a traditional sense, and is more a "Private treaty offer", which will be displayed at the top of this page. This is not an official auction.