Auc­tion mar­ket kick­ing goals

The mar­ket may be qui­eter lately but auc­tions con­tinue to yield strong re­sults

Weekend Gold Coast Bulletin - Property - - FRONT PAGE - WORDS JESSICA BROWN

AUC­TIONS on the Gold Coast are yield­ing strong re­sults with mil­lions of dol­lars worth of prop­erty chang­ing hands in the past few weeks.

A 1970s-built beach house at Bilinga set the bar last week­end after sell­ing un­der the ham­mer for $3.3 mil­lion.

A lo­cal buyer snapped up the Short St prop­erty at the auc­tion, which at­tracted a crowd of about 50 peo­ple. The buyer plans to re­build a fam­ily home on the site.

Mar­ket­ing agent Troy Dowker, of Ray White Mer­maid Beach, said beach­front prop­er­ties were con­sis­tently draw­ing big crowds at auc­tion.

An­other two prop­er­ties sold for more than $1 mil­lion over the week­end, in­clud­ing a wa­ter­front home at Par­adise Point.

Ray White Sovereign Is­lands agent Edin Kara han­dled the sale of 20 Drys­dale Place.

He said there were roughly 20 in­spec­tions through­out the four-week mar­ket­ing cam­paign with three reg­is­tered bid­ders on the auc­tion day.

“In that lux­ury mar­ket, hav­ing three reg­is­tered bid­ders is quite good,” he said.

An­other prop­erty at 22 Buc­ca­neer Court, Par­adise Waters fetched $2.7 mil­lion at auc­tion, which was the high­est recorded sale last week.

First Na­tional Real Es­tate Surfers Par­adise agent Rus­sell Rolling­ton said the home’s char­ac­ter at­tracted the over­seas buy­ers, who flew to the Coast for the auc­tion and in­spected it for 20 min­utes be­fore it went un­der the ham­mer.

“As soon as they walked in, they knew it was for them,” he said.

He had no­ticed many in­ter­state and over­seas buy­ers look­ing to the Gold Coast for homes or hol­i­day houses re­cently.

“You get a lot more bang for your buck up here,” he said.

2 Short St, Bilinga (top), 22 Buc­ca­neer Court, Par­adise Waters (left), 20 Drys­dale Place, Par­adise Point (right).

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.