Case Studies

Riverside Sanctuary Estate, Ormeau Residential Lots

Located 46km* south of the Brisbane CBD and 36km* north of Surfers Paradise the site offered 29 individually titled and serviced vacant allotments. Lots range in size from 586m* – 1,391m*, with an Average of 863m*.

Very strong interest was received throughout the marketing campaign with over 120 enquiries generated.

A wide variety of the market was represented having received enquiry from:

– Builders (multiple lots or In one line)

– Owner Occupiers (individual lots)

– Developers (multiple lots or In one line)

– House and Land marketers (In one line)

– Financiers (generally enquiring for clients)

– Speculators (any combination of lots or in one line)

The broad base of enquiry provided the opportunity to receive offers on the individual lots as well as multiple lot buyers and “in line purchasers”, with particularly strong interest from groups seeking all 29 lots in one line.

Sale Analysis*
Method of Sale:Expressions of Interest
Marketing Timeframe:6 Weeks
Sale Date:September 2013
Total Enquiries:128
Total Offers Received:28
Total Realisation:$3,915,000
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