Robina home sells for $1m at auction
THE weather may have cooled but real estate is still running hot on the Gold Coast with a Robina house selling for $1 million under the hammer on the weekend.
The property, at 1 Heidelberg Cct, attracted a crowd when it was offered to the market on Saturday.
Bidding kicked off at $850,000 and went up in $25,000 and $10,000 increments before it stalled at $950,000.
“We then negotiated with the buyer,” Ray White Broadbeach-Mermaid Waters agent Sabrina Chen said.
“It ended up selling to a local Gold Coast family.”
The six-bedroom house offers dual living arrangements with separate upstairs and downstairs quarters.
“It’s great for families but it’s also good for investment as you can rent a whole level out,” Ms Chen said.
Other standout features include a resort-style pool, media room and LED lighting throughout.
Ms Chen said the vendors chose to go to auction after successful auction experiences in both Sydney and Melbourne.
“People do have perceptions about selling via auction but this seller was comfortable dealing with auctions,” she said. “It was a great result.”
She said 22 groups inspected the property over its marketing campaign.
“The market, Id say, is stable at the moment,” she said.
CoreLogic data showed the Gold Coast had an auction clearance rate of 38.2 per cent over the weekend with 13 out of 34 homes selling under the hammer.
Brisbane recorded a 50 per cent clearance rate.
In other auction news, more than 250 prospective buyers squeezed into the Mermaid Beach Bowls Club for the John Henderson Professionals Mermaid Beach team’s May auction event last week.
Agency director Luke Henderson said people came in droves to fight for 16 properties.
“It was packed,” Mr Henderson said.
“We had over 100 chairs and they were all full, we had people all down the flank and the back.
Of the 16 properties up for grabs, eight sold under the hammer – the highest sale was an apartment on Hedges Ave, WITH ALEISHA DAWSON & JESSICA BROWN which fetched $1.95 million.
“We sold 50 per cent under the hammer, which is well above the industry average,” he said. “The main (point) for me was every property had competitive bidding on it, that means everything has a chance of selling post auction.”