Did we witness the steal of the decade today? Eat your heart out Robin Hood!
The latest auction of mortgagee in possession properties in Kirra sold quickly today thanks to a mysterious buyer.
The bearded gentlemen, dressed more like a posh English farmer straight off the paddock than a local, started off the voting at Versace by capturing the 40-unit Kirra on The Beach, 92 Musgrave St, for an absolute song at $8.6 million, cementing Ray White Surfers Paradise as the auction house where to purchase properties at dirt-cheap bargain prices.
The bearded gentleman had only just begun though. He bought the adjoining 5 townhouses to Kirra On The Beach at just over $2 million, which was a fair market price. But his next purchase of a house adjoining the townhouses was virtually given to him. So cheap it bordered on criminal. The beautiful house sitting on 504 SQM was really only bid for by the bearded gentleman, the other bidders knowing they just weren’t in the same league, or shared his same hunger, so his last bid was a paltry $900,000. Upon checking with the backroom, they told him if he made that $1 million he could have it. He did. He got it. No one else bothered to counteroffer. This same property was purchased a few years back at more than double what he paid for it. A bidder next to me commented that surely this property would’ve fetched more money being sold by regular private treaty. I was too busy counting the cash in my wallet hoping I could put in a bid myself.
At this time of writing, the bearded gentleman’s still sitting here nodding at the auctioneer like one of those toy dogs with the spring-loaded necks you see in cars, Ray White salesmen crowding around him like flies on a horse’s backside wanting to shake his hand, wanting, hoping to get a piece of the action from the new King in Kirra.






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