It may have been grey and wet across the Gold Coast over the weekend but the miserable weather did little to deter house hunters from venturing outdoors.
Up to 100 people braved the elements to attend Ray White’s Gold Coast Auction Spectacular at Main Beach’s Sheraton Grand Mirage on Sunday morning. More than 50 people registered to bid for 20 properties, which ranged from acreage estates to apartments in the heart of the city.
Among those that sold under the hammer was an acreage property at Ormeau. Bidding for the four-bedroom, two-bathroom home on a 0.52ha block started at $390,000 before quickly climbing to $615,000 when the hammer came down.
A Broadbeach apartment also sold at the event. The three-bedroom, two-bathroom unit in the Aria Apartments building on Albert Ave was snapped up for $925,000 after bidding started at $700,000. Marketing agent Conner Malan, said a local investor was the successful bidder and said they planned to lease the property out as a holiday home. “He’ll do some renovations first,” Mr Malan said.
Two other properties — a Surfers Paradise apartment and waterfront home at Broadbeach Waters — sold prior to auction.
A few others were withdrawn from the event as they had attracted interest from several people who were not in a position to buy under auction conditions.
While only a few properties sold under the hammer, Ray White Queensland chief auctioneer Mitch Peereboom said he expected several to sell in the next few days following negotiations between buyers and sellers after the event. He said overall, it was a successful event. “These events are designed to maximise the exposure for each property and showcase a diverse range of real estate throughout the Gold Coast,” he said.
“We focus on ensuring our marketing campaigns are comprehensive to attract all buyers to ensure these auction events are successful. (On Sunday) morning, we saw active bidding from buyers who had identified the properties from a number of marketing mediums. (It is) a credit to the hard work and professionalism of our members that bring together these events.”
“Their ambition to create competition produces exceptional results.”
The last auction event Ray White held at the Sheraton Grand Mirage was in April to leverage off exposure throughout the Commonwealth Games.
More than 50 properties went under the hammer at the event, which attracted a crowd of 300 people, including 60 registered bidders.
Read the original article here as published on realestate.com.au