The auction of 340 Pomona Kin Kin Rd, Pinbarren, attracted genuine interest.
The auction of 340 Pomona Kin Kin Rd, Pinbarren, attracted genuine interest.

SILENCE was just the beginning

CLEAN pastures, not too steep but with a nice gentle roll to it, 340 Pomona Kin Kin Rd, Pinbarren, drew a crowd.

"Conditional buyers joined auction ready bidders," said Peter Flint of Elders Real Estate Maleny Hinterland.

Part of a deceased estate, the 16.99ha rural property comprises a three-bedroom low-set brick house, two dams, quality fencing and a panoramic view of Mt Pinbarren.

Matt Rowe

But it was silence that met the auctioneer's request for an opening bid. In need of a start, a vendor's bid of $700,000 was just the beginning.

As competitive bidding ensued, the hopes of conditional buyers were soon dashed. Bidding continued north of the reserve to a sale under the hammer.

"Caloundra buyers secured the property for $910,000," reported Peter. "They want the land for horses and will also add cabins. With that in mind they perceived better value in the property than the under-bidders."

Matt Rowe

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