Value brings quick sales

first_img23 Gardenia Ave, Kirwan. Picture: Shae Beplate.Mr Kotze said he showed the property to a buyer who had been searching for a similar property and they put an offer in before the open home and bought the three-bedroom cottage for $270,000.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“In this case it was a classic combination of exactly what the client was looking for because she wanted her mother to move in with her so she needed a property all one level with no stairs, she liked the cottage style and it had a decent sized yard so it was a perfect match,” he said.“The owners were also happy to sell it for a fair price.” REIQ Townsville zone chair and First National Nicholson principal Wayne Nicholson said he was also noticing properties were selling faster and the key to a quick sale was to price it appropriately.“We get lots of properties worth $350,000 and if you list them for $359,000 they will sell in a week or two,” he said. “It’s a price conscious market so properties have to be priced correctly.”Julie Mahoney from Ray White Townsville recently sold 46 Camp St in Mundingburra for $340,000 and 60 Warburton St in North Ward for $420,000. 46 Camp Street, Mundingburra sold before auction.Both properties were due to go to auction on February 13 but were sold after strong offers were made. Ms Mahoney said any oversupply in popular areas had dried up, resulting in properties selling before auction day.“There is a lack of good quality stock in key areas and those two that sold were in North Ward and Mundingburra and they were immaculate,” she said. “The buyers had been looking for quite some time so they … knew what they wanted.” 60 Warburton Street, North Ward sold before auction.center_img Paul Kotze, real estate agent for John Gribbin Realty outside 23 Gardenia Ave, Kirwan. Picture: Shae Beplate.TOWNSVILLE properties are selling faster with houses being snapped up before auction and well-presented properties barely lasting a week on the market.It comes as both Townsville real estate agents and property analysts predict a much more positive economic outlook in 2018.According to Core Logic figures, houses in Townsville were taking an average of 70 days to sell in the middle of last year but that has now come down to 63 days.However, agents are reporting well-presented properties that are priced well in sought-after suburbs are selling much quicker.John Gribbin Realty agent Paul Kotze said a successful offer was submitted on 23 Gardenia Ave in Kirwan four days after the home was listed.last_img