Weekend Gold Coast Bulletin - Property
Buyers flock to sale
Ray White’s Auction Spectacular proved a hit with 300 people packing into the event
MORE than $13 million worth of Gold Coast property changed hands at Ray White’s Auction Spectacular, held at Main Beach last weekend.
A crowd of about 300 people packed into a room at the Sheraton Grand Mirage for the Sunday event, which was the culmination of a marketing campaign by Ray White to leverage off the Commonwealth Games.
Among the sales was a block of land in Southport that fetched $1.46 million and a five-bedroom home on the Sovereign Islands that sold just ahead of its auction slot to a Sydney buyer for $3.93 million.
There were 60 registrations and 200 bids for 51 properties ranging from prestige houses to entry-level units.
After searching for more than two years, Gold Coast couple Lisa and Mick Rafferty bought a four-bedroom home at Currumbin Valley for $900,000 under the hammer.
“We have been looking for about two-anda-half years in this area and we are so happy with this place, and it’s got a pool,” Mr Rafferty said.
“We are upsizing and need more space for our family.”
Ray White Queensland CEO Tony Warland said more than 25 per cent of the properties cleared on the day, with the rest in negotiation with buyers and likely to sell in coming days.
“We are delighted not only by the amount of sales today and prior but with the amount of property still being negotiated,” Mr Warland said. “Buyers have more faith in a property’s value when other people are looking to buy it too and there was more than 200 bids today on these properties.”
Ray White Queensland chief auctioneer Mitch Peereboom said the auction event highlighted that buyers see long-term value in the Gold Coast.
“The eyes of the world have firmly been on the Gold Coast in recent weeks with the Commonwealth Games and this auction event confirmed there is still a strong demand in this buoyant market,” Mr Peereboom said.