Auction-mania at year’s biggest sale
ALL eyes will be on property this week as thousands of house hunters turn their attention to auction events being held across the Gold Coast.
January is traditionally the city’s busiest time of year for auctions, with several agencies hosting events to capitalise on the influx of visitors to the region.
While the highly-anticipated events are designed to appeal to prospective buyers, many sellers also look forward to them.
Peter and Christine Taylor are taking their Sanctuary Cove house to auction at Ray White Surfers Paradise Group’s The Event on Saturday.
Mr Taylor said they planned for the renovation of their six-bedroom Bayside Close residence to be finished in time to sell it at the event.
“This is the largest property event in Australia, that’s why we wanted to be a part of it,” he said.
“With Magic Millions and everyone just buzzing around the place, you can’t pick a better time really.”
He said it would be worth the wait even if it doesn’t sell on the day.
“To be part of that big event, that does give us some additional profile in the market,” he said.
Ray White Surfers Paradise Group chief executive Andrew Bell said it was the perfect time of year to hold The Event, where almost 100 properties would go under the hammer this year: “The Event has now become an iconic national event and while it could be held at any time of the year, it makes the most sense to hold it when the most people are on the Gold Coast.
“Official figures aren’t out but we believe this year will have been a record attendance and events such as the Polo and the Magic Millions are now additional new events to attract more and more people through our summer months.
“The Event is always designed to offer the widest variety of options for all types of buyers so we have properties that will rank among the lowest priced on the Gold Coast to (those) that are among the highest priced.”
So far six of the 103 properties listed on the 2020 program have sold ahead of auction.
While Ray White Surfers Paradise Group’s in-room event is the biggest on the Coast, several other agencies will host events over the next few weeks.
These include Professionals John Henderson Real Estate’s event tomorrow night followed by Amir Prestige
WITH JESSICA BROWN & MIKAELA DAY
Property Agents on Thursday, Lucy Cole Prestige Properties on Friday and Ray White Runaway Bay Group on January 28.
Ali Mian, Ray White Runaway Bay Group principal, said 24 properties would go under the hammer at his event next week, including waterfront and golf course mansions, apartments and blocks of land.