Case Study: Successful Purchase in a Competitive Online Auction Environment
📍 Property Address
8/15 Clarence Road, Indooroopilly QLD 4068
- 2 Bedrooms | 2 Bathrooms | 1 Car Space
- Property Type: Apartment / Unit / Flat
- Purchase Price: $682,000
🎯 Client Objective
Our client engaged us to secure a high-quality, move-in ready property in a prime Indooroopilly location, within a strict budget and timeframe.
🛠️ Our Strategy
The property was being offered through an online auction, which required a highly strategic approach.
We knew from experience that online auctions — unlike traditional in-room auctions — can often lack the same legal enforceability unless supported by a formal video process and signed contracts. This insight allowed us to navigate the situation carefully.
Our strategy included:
- Reading buyer behaviour: We anticipated how competing buyers would bid and positioned ourselves accordingly.
- Controlled bidding: We executed deliberate and timely bids to influence the tempo and dynamic of the auction.
- Transitioning offline: Recognising an opportunity, we moved the negotiation offline — engaging directly with the seller and their agent to discuss terms outside the auction environment.
- Securing with correct documentation: We ensured the deal was legally binding by executing proper paperwork immediately after negotiations concluded.
🏡 Property Highlights
- Light-filled living and dining areas flowing onto a huge private courtyard
- Renovated kitchen with dishwasher and plenty of storage
- Two generous, well-separated bedrooms with built-in robes and bay windows
- Secure intercom entry, gated basement garage, security screens throughout
- Lock-up garage with storage space
- Well-maintained complex with a swimming pool
- Convenient location: short walk to Coles Local Taringa, transport, cafes, and easy access to the University of Queensland
✅ Outcome
Thanks to our experienced negotiation tactics and proactive approach, we successfully secured the property for $682,000, meeting our client’s brief perfectly.
Another great result demonstrating the value of having an experienced buyer’s agent in a competitive environment!
