$17.7m pitch for Brisbane public sale report

Information Corp Australia Community

This property at 65 Moray St, New Farm went to public sale on Saturday.

The race to place Queensland’s richest public sale contract underneath the Christmas tree hit a hurdle on Saturday with bidders failing to fulfill the expectation of sellers.

At Ray White’s final main public sale occasion of the yr, $17.7m was not sufficient to safe the sale of a uncommon parcel of riverfront land at 65 Moray St, New Farm, regardless of strong bidding from three lively bidders.


Lead bidder and ‘blue shirt man’ seems to be behind him to see who the competitors is on the public sale of 65 Moray St, New Farm. The property handed in along with his bid of $17.7m.

The 1030sq m block had improvement approval for a Bureau Proberts-designed boutique complicated of six single ground flats, with Ray White auctioneer Haesley Cush wooing the group of 80 with its image excellent location.

An artist’s impression of what the DA authorized constructing will seem like.

“Each time you’re taking an excellent image of Brisbane, it can seem,” he stated.

The gross sales marketing campaign had even enlisted the assistance of legendary Australian poet Rupert McCall who was commissioned to put in writing a poem about Moray Home that options in a video on the realestate.com.au on-line itemizing.

Bidding began at $10m and instantly jumped to $15m after which $16m. It took 13 extra bids to climb one other $1.7m and get the property to $17.7m at which level it paused for negotiations and ultimately handed in.

Ray White New Farm’s Hamish Bowman (arms folded) chats with the underbidders at 65 Moray St, New Farm.

The public sale occasion on the Calile Lodge in Fortitude Valley closed with Ray White New Farm promoting brokers Matt Lancashire, Hamish Bowman and Tom Lyne persevering with to work with each the lead bidder and underbidder to safe a sale.

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