Robertson home sells for $2.51 million at auction

A house in Robertson, Brisbane, sold for an impressive $2.51 million at auction. This price was $100,000 above its reserve and much more than what the seller expected. The home, built 47 years ago, has four bedrooms but needs significant renovations, including new flooring and a kitchen upgrade. Several families competed fiercely at the auction. The home is located at 23 Janda Street, on an 817 square meter block. Selling agent Alex Fan mentioned that the home's condition was surprising given the high sale price. He noted that the demand for properties in Robertson is high due to a shortage of available homes in the area. Before the sale, the seller, who is moving to a retirement home, worked with her son to prepare the house. They replaced an old oven and removed peeling wallpaper to improve its appearance. Despite these efforts, the auction drew in strong buyer interest, partly because locals believe the area has good feng shui. Five bidders climbed from an opening bid of $2.1 million to the final price. Another similar home nearby also sold for $2.08 million during the same auction week. Overall, the Brisbane housing market remains robust, with a clearance rate of 37% for the week. Experts say Brisbane is outperforming other major Australian cities despite the current economic conditions.