Riverfront house sells at auction
STRONG bidding at a successful auction for a waterfront Murwillumbah home indicates some people prefer river frontage to beach views, according to a local estate agent.
Principal of Ray White Murwillumbah Wally Trankle says the“under-the-hammer” sale of the Rose Lane property in the Greenhills area of Murwillumbah last Saturday for $502,000 surprised him and shows how popular good river frontage has become.
“There are a lot of people wanting waterfront. This was elevated and out of flood, and that made it special,” said Mr Trankle.
“There are people not able to afford beachfront and are looking at riverfront.
“Some on the flat are flood prone, but there was a lot of interest in this one because it was elevated.”
The 1950's style home on a hill overlooking the river, with views of the Border Ranges and Mt Warning, was auctioned on Saturday after strong interest during open-houses.
Mr Trankle said about 30 people, including six registered bidders and one phone bidder, attended the auction in the lounge room of the three-bedroom home with two bathrooms and two living areas set on 1289 square metres of waterfront property.
“When it got to 450, 470 (thousand dollars) it pulled up. Then it went to 502 - twelve grand over the reserve,” Mr Trankle said.