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One of the country’s leading real estate groups has auctioned nearly 200 properties and sold $72 million worth of real estate on the Gold Coast in one frenzied week.
Various offices from the Ray White group achieved this extraordinary result in four well-orchestrated auction events spread across the region.
Ray White Surfers Paradise Group’s annual auction, The Event, was held last Sunday. Dubbed the ‘grand final’ of auctions, it showcased 130 homes and sold more than $40 million of properties on the day.
Nearly 2,000 people were in attendance, with 300 registered bidders and an even split of local and interstate buyers. The highest price achieved was $3.5 million for a luxury waterfront home in Paradise Waters.
On 28 January, Ray White Broadbeach, Mermaid Beach and Robina came together for their summer auctions. With 23 properties up for grabs, the three offices achieved a combined total of just shy of $15 million in sales.
The week prior, on 22 January, the Ray White Gold Coast South Network conducted 38 auctions in a day, with sales totalling in excess of $12 million.
The most recent auction evening was hosted on Tuesday by Ray White Runaway Bay. That event achieved $5 million in sales.
Ray White Queensland CEO Tony Warland said the results showcase the skill of the Gold Coast network.
“How blessed we are to have members who are prepared to do the hard yards and take properties to auction,” Mr Warland said.
“It’s not an easy task and it takes huge ability to successfully run these auction initiatives.”
Mr Warland expects auctions to become more prevalent in the yer ahead too, as the Gold Coast begins to shape up as a key market for interstate buyers after greater value.
“Our Ray White businesses on the Gold Coast understand the important role auctions play in a market that’s heating up,” he said.
“Gold Coast real estate is rising in popularity and we’ll see more properties auctioned as we move further into 2017.”
