Jazari Pet Resort was sold for $1.8 million at a “super auction” at Meadowbrook last week.
The property has been listed with six agents over three years.
Property agent Alex Mcleod said the auction process allowed the best price to be achieved for the sellers.
A total of 18 houses were sold at the event at Meadowbrook Golf Club.
Ray White Marsden partnered with AKG and saw an 82% clearance rate.
Principal of the two offices Avi Khan said 100 bidders competed to secure the properties.
“While the nation waits for travel restrictions to end, there is no evidence buyers are doing the same and delaying their plans to secure their next home,” he said.
“Often, when we have seen positive growth in the Brisbane market, the Logan region did not experience the same growth trajectory. With the region experiencing a surge in demand from investors and homeowners alike, we decided to work in our sellers’ best interest by creating a competitive and transparent environment for buyers to purchase property.”
Loganlea marketing agent Ryan Murphy sold six properties at the auction.
He said Loganlea was quickly transforming to a real estate hotspot in Logan.
The suburb is in the middle of everywhere,” he said.
“Investors are buying properties unseen at levels we have never witnessed before.”
Selling agent Rebecca Shortall sold two properties.
She said with population growth, low interest rates and the Olympic shine driving the market, it isn’t surprising to see a big jump in Brisbane’s median, up on an average $100,000.
