Nundah Property Sale Case Study: 705/16 Aspinall Street

Recently sold by Karl Garufi in Nundah

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705/16 Aspinall Street, Nundah

The owner of 705/16 Aspinall Street, Nundah had trusted Karl Garufi’s advice and market knowledge for more than six years before deciding the timing was right to sell. As an investment property in the sought-after Circa 2 building, the campaign required a strategy that would maximise buyer competition from the very beginning. By combining in-depth market knowledge with a tailored marketing approach, Karl positioned the property to attract highly motivated buyers and create strong momentum from the moment it launched.

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Property Statistics

2
Bedrooms
1
Bathrooms
1
Carspaces
75m2
Land Size
2
Days on Market
$817,500
Sale Price

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The Challenge:

The owner had held this property as an investment and wanted to ensure they achieved the strongest possible result when it came time to sell. After more than six years of discussions about the market and the right timing, the decision was made to launch the property with confidence.

With apartments in tightly held complexes often attracting buyers who closely compare recent sales, it was essential to position the property to stand out from competing listings. The campaign needed to generate immediate interest, create competition among qualified buyers, and maximise the property’s value without allowing the listing to become stagnant on the market.

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The Strategy:

Drawing on years of market knowledge and a long-standing relationship with the owner, Karl implemented a tailored sales strategy designed to generate strong buyer demand from day one. The campaign focused on presenting the property to the right audience through strategic marketing, premium presentation, and targeted buyer engagement.

Creating urgency early in the campaign was a key priority. By generating immediate interest and encouraging buyers to act quickly, Karl was able to establish competition from the outset rather than allowing negotiations to revolve around a single offer. This competitive environment provided greater leverage during negotiations and placed the owner in the strongest possible position to achieve an exceptional outcome.

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The Outcome:

The strategy delivered immediate results, with the property selling after just 2 days on the market. Six qualified buyers inspected the apartment, creating strong competition early in the campaign and leading to multiple rounds of negotiation.

The initial offer of $805,000 was successfully negotiated to a final sale price of $817,500, an increase of $12,500 (1.55%) without any additional marketing or time on the market. The sale also established a new complex record for a 2-bedroom, 1-bathroom, 1-car apartment in the Circa 2 building.

Beyond achieving a record-breaking result, this campaign demonstrates the value of long-term client relationships, strategic marketing, and skilled negotiation. By understanding the market, creating buyer urgency, and negotiating from a position of strength, Karl delivered an exceptional outcome for the owner.

Profile photo of Karl Garufi, a Real Estate Agent in Nundah for McGrath

Your Nundah Property Expert

If you’re considering what your property may be worth in the current market, Karl Garufi is Nundah’s leading real estate agent. He has been recognised as Nundah’s Agent of the Year by RateMyAgent for five years running, and has the local knowledge and experience to recommend the ideal strategy for your property and situation.

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