An auction of Ballina’s historic Riversleigh Guest House failed to attract a bid on Saturday.
An auction of Ballina’s historic Riversleigh Guest House failed to attract a bid on Saturday.

Riversleigh missing the market

A HOUSE overlooking Shelly Beach at Ballina sold for $1.45 million at auction on Saturday, but the historic Riversleigh Guest House has not yet attracted a buyer.

PRDnationwide Ballina/Lennox Head had 19 properties up for auction at the weekend.

Four of those, including the Shelly Beach property, sold.

PRD Ballina principal, Keith Jones, said other sales included a two-bedroom ‘renovator’s unit’ which went for $240,000.

“We had a lot of interest on the day,” he said.

“There would have been up to 200 people coming through and there was bidding on 12 properties.

“It went well, although it could have been better.

“Riversleigh didn’t sell, but there were a couple of interested parties.

“Negotiations are continiuing with the current owners.”

Expert auctioneer Charles Baynie, director of the Sydney-based Real Success Group, was in Ballina to auction off the properties.

He said people looking to sell their properties on the North Coast must meet the market.

“Saturday was a good day. The turnout was really good,” Mr Baynie said.

“I do auctions all over the place, from Sydney up to the North Coast, and I can see the market here is still relatively strong.

“But I have noticed that buyers in this region are very price sensitive.

“If a property is to be auctioned, then the seller must have a price guide to helppotential buyers.

“It will help.”



Horrific kitchen accident led to woman's new business

premium_icon Horrific kitchen accident led to woman's new business

This North Coast woman needed a new purpose in life

Rail trail riders could introduce mad cow disease: OPINION

premium_icon Rail trail riders could introduce mad cow disease: OPINION

Biosecurity risk of proposed rail trail is very real, says reader

What we know so far about $100 million cannabis facility

premium_icon What we know so far about $100 million cannabis facility

Stage one of Casino plant expected to be finished by end of the year

Local Partners