ONE of Brisbane’s most experienced real estate operators has come up with an innovative way to help shift what he refers to as “the hardest sector of the Brisbane property market to move right - one bedroom units”.
Dean Yesberg, an auctioneer and Ray White business owner with more than with more than 26 years experience, said the inner city two bedroom market was rock solid but the one bedroom market was tough.
“Lenders are making it tougher on buyers to get pre-approved finance to be in a position to bid at auction in the Brisbane City market. There are more than 200 one bedroom units for sale in the city today and the banks have tightened up to the point where we have no-one who can bid unconditionally at the auction, and yet we then sell them after auction with finance terms,” said Mr Yesberg, who owns Ray White Brisbane CBD Residential.
Right now Mr Yesberg’s office was now marketing a one bedroom unit in Brisbane’s Soleil highrise, to be sold on February 8 , at Ray White Corporate’s auction room under finance special terms.
“Unlike a traditional auction which is unconditional on the fall of the hammer, this one will allow bidders to have up to 14 days to organise their finance,” Mr Yesberg said.
“The property at 1904/501A Adelaide Street, Brisbane CBD is owned by a local who has moved overseas and wants to liquidate his assets.
“There’s only a handful of one bedroom apartments with a car space in the iconic Meriton Soleil, so this one is an absolute must see.
“We are testing the water with this auction but I expect to see more stock move this way this year.”
