Three unique property auctions you might not have known about
Sometimes the bizarre ends up quite popular at the bazaar. The last quarter of 2015 saw over 33,000 properties go to auction in Australia alone, according to CoreLogic RP Data. That’s an increase of 15 per cent from the previous three months.
With so many properties selling left, right and centre, real estate can sometimes end up all blending into one big mess. That is, unless, you take inspiration from these unique sales to ensure that your property stands out from the crowd.
A Water Tank
Sitting on Apex Street in Brisbane, this property is not exactly the first thing you would think of when considering the term ‘family home’. Originally an enormous concrete water tank, Brisbane woman Gail Babbage converted this unassuming street feature into a three-level, four bedroom property. Sitting high on a hill, the circular home offers complete 360-degree views through windows cut out of the steel and concrete walls.
Sold by auction on 9 May, 2013 as reported by news.com.au, Ms Babbage was recorded as saying that her home was difficult to value, as it was simply one-of-a-kind. However, the unique features of the property resulted in a total sale of just under AU$2 million.
The Side of an Office Building
Would you pay $3 million for the side of an office building in Melbourne? Sold at auction in August 2015, this is the price that was paid by a buyer for 117 square metres of a Flinders Street building in central Melbourne, according to news.com.au.
While some property buyers expect four walls and a roof, the buyer was happy to turn the wall into a rental property, using the extensive wallspace for advertising, utilising the enormous digital sign that was part and parcel of the property purchase.
The Entirety of New Zealand
The auction results ended up hitting $3000 AUD before being taken down.
New Zealand and Oz have always had a friendly rivalry, but it may have gone a little far when an Australian man attempted to sell Aotearoa on eBay back in 2006.
Starting at the heady price of a single Australian cent, the man described the ‘product’ as having the “dodgiest America’s Cup win ever” as well as saying the weather was “ordinary”, according to the New Zealand Press Association.
After this truly inspiring sales pitch, the auction results ended up hitting AU$3,000 before being taken down.
While you may not be able to sell off the entirety of a country, auctions can have excellent results in the sale of your property. Speak to a local real estate agent today to find out how you can take full advantage of the unique features of your real estate.