Weekend Gold Coast Bulletin - Property
Strong sales results
Up to 200 people attended an auction event last weekend where $12m in property was snapped up
EAGER house hunters snapped up more than half of the properties on offer at an auction event last week, racking up $12 million in sales.
About 200 people attended the Ray White Gold Coast South Network’s Summer Spectacular at Currumbin RSL on Saturday where 23 properties went to auction.
Ray White Gold Coast South Network agent Brendan Gibb said they sold 13 properties under the hammer and two more soon after, resulting in a 65 per cent clearance rate.
“There was good bidding as well, I think there were only three (properties) that didn’t pull a bid,” Mr Gibb said.
“We do (auction events) every month but every January or February we do the Summer Spectacular just to capitalise on the fact that there are so many tourists in the area.
“I think this will have been the eighth year now.
“January is always our strongest period.”
Kingscliff dominated with multiple million-dollar sales.
A Vulcan St house recorded the highest sale, fetching $1.275 million.
The five-storey property, described as a tree house, has spectacular ocean, creek and bush views because of its hillside position.
Mr Gibb said another Kingscliff property on Sailfish Way sold for $70,000 above reserve at $1.17 million.
The sale of a Banora Point property was also a standout.
Mr Gibb said the Oakland Pde house sold to a family with five children.
“(They) were ecstatic to be able to get into something with enough room for them,” he said.
He said they had put in a lot of effort in the lead up to the event to ensure it was successful.