Sell with Confidence
Read More
News

$2.5m in room auction offers new hope for Toowoomba market

By Melissa Peters

Investors and home buyers are starting to show confidence in the Toowoomba market again, based on the strong results at our first in room auction for 2020.

We enjoyed a clearance rate above 50 per cent for the first time in months at our Tuesday night event, with four of seven properties selling for the combined $2.5 million.

Principal Lindsay Southwell said “It’s an excellent result because it’s across a number of properties. We sold a prestige property, a rural property, a little renovator on North St and another property in Glenvale. We had in excess of 120 people in the room and 38 registered bidders. “We were selling them at 35 per cent last year, so this is a big increase.”

This result follows a similar trend across the state last week, which saw a 57 per cent clearance rate.

Mr Southwell said he believed investors were finally returning to the Toowoomba market after a quieter 2019. “We had 166 inspections on our properties last week. We haven’t seen that level for a little while now,” he said.  “There are upgraders, downsizers, but the big thing is investors are coming back. We’re seeing more investors now than we have for the past two years. I think it’s the interest rates that are affecting it. “In Toowoomba we can get good yields, and a lot of self-managed superannuations are looking for a good yield.”

With our next in room auction to be held on Wednesday 19th February, our team is looking forward to celebrating the same success and we hope to see you there to join in with the action!

Up to Date

Latest News

  • Garden City – Spring Outlook

    Toowoomba is continuing to experience the strongest demand from all buyer sectors in nearly two decades. It’s easy to see why with a robust combination of our nationally acknowledged liveability, genuine value in comparison to capital city and coastal markets, strong investment yields with near zero vacancy rates, and … Read more

    Read Full Post

  • Why Toowoomba is in the top 10 places to buy nationally.

    Industry commentators have their eyes on Toowoomba! The massive program of infrastructure and development spending has our region placed in a recent report among the top 10 buys nationally. Intense buyer competition means property is selling at the fastest rate in over 15 years. To find out more tune … Read more

    Read Full Post