Coronavirus: Brisbane’s virtual reality auction success

first_img The rise of the online auction army MORE REAL ESTATE STORIES FOLLOW US ON FACEBOOK The property at 51 Primrose St, Grange that attracted five bidders.But the gavel was needed when the marathon one hour virtual auction ended with the sale of the five-bedroom Queenslander for $1.801 million.“Generally we get to shake your hand when we’re finished,” Mr Parker told his remote audience. “There won’t be that today.”Similar scenes played out at auctions across Australia on the weekend as stage two of social distancing measures to stop the spread of the coronavirus forced all auctions to be conducted remotely and broadcast via livestreaming services like GAVL. The GAVL online auction streaming service gets ready for the auction of 51 Primrose St, Grange.“I thought it was business as usual quite frankly,” Ray White Ascot lead agent Ian Cuneo said after the auction.“In nine out of 10 auctions we would have at least one buyer needing a GAVL type product because they want to be able to physically see what is going on. In the old days it was just done by phone.”The five bidders who dialled in for the auction were from Brisbane, Sydney and Melbourne with Mr Parker drawing on over 30 years’ experience in real estate to work the room without the advantage of being able to read body language.Thirty-four bids were called out by agents as they received them on the phone. Mr Parker accepted them and they were posted in real time on the bottom left of the online screen. When the auction paused for negotiations or instructions from the seller, the livestream reverted to a slide show of property images until Mr Parker returned to continue the public auction. A screenshot of the online auction as it paused for negotiation.Beside some buffering delays, the broadcast was clear and easy to follow. More from newsCOVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic3 days agoWhizzkid buys almost one property a month during COVID-197 days agoSometimes auctioneer Phil Parker got stuck due to streaming issues.“What did we learn from today? Make sure you’ve got plenty of charge in your phone,” Mr Parker said.“I was looking at mine on the last auction and it was telling me 17 per cent.“And the next one is you’ve got to be so cautious about social distances. Our guys today were extremely good about that. And auctions are taking a little longer than your normal onsite auction.”The property, on an 896sq m block, was one of 40 to go to virtual auction across Brisbane on Saturday with Mr Parker selling four of the five houses he took to auction.An Ascot property at 45 Ormond St sold at auction for $1.25 million following a pre-auction bid of $925,000.“Auctions are the only platform that really provides an end date for buyers and if that drops away, it will drop away purely and simply because the agents have been afraid to embrace what we have to embrace, or they’re nervous about it.”He said some buyers were also nervous about going to auction yesterday.“We had a couple that decided to cancel (their auctions) and that’s a lack of knowledge, the uncertainty. Hopefully today’s result will give them encouragement.”center_img Brisbane median house price hits record Ray White Ascot auctioneer Phil Parker at the virtual auction of 51 Primrose St, Grange, which was conducted from the Wilston office of Ray White Ascot.RAY White auctioneer Phil Parker stood in the corner of a room, 2.5km away from the house he was auctioning, with a packet of disinfectant wipes by his side, a white gavel in hand and a video camera in front of him.The wipes he never needed as the only other people in the room were five real estate agents standing apart from each other.They were each on the phone with bidders keen to call 51 Primrose St, Grange in Brisbane’s inner north, their home.last_img read more