Never before seen scenes at Sunshine Coast auctions

THE surging Sunshine Coast real estate market shows no signs of slowing with not even the weekend’s weather putting a damper on proceedings.

The weekend’s outcome and interest surprised 17 year real estate veteran and Ray White Mooloolaba | Kawana auctioneer James Goldsworthy.

“Buyers were literally lining up to register to bid at our auctions, it was raining heavily and there were still 100 plus people in the crowd of our first two auctions,” Mr Goldsworthy said.

Ryan Bradeley from Ray White Kawana expected a good turnout and good interest at 49 Yaringa Ave, Buddina, (pictured above) but 26 registered bidders and the final result surprised even him, with the hammer falling at $1,520,000 - a record price for a knockdown opportunity in the area.

Adam Budd from Ray White Kawana has been selling on the beachside strip for 10 years and was blown away by the result at 7 Coongarra Esplanade, Wurtulla (pictured above) with 26 registered bidders and an eventual sales price some $300,000 above the highest offer prior to auction.

“The lifestyle is what is driving buyer interest and although we are seeing most of our sales to locals, we are beginning to see the start of interest from further afield,” Mr Budd said.

Mr Goldsworthy said that two of the weekend auctions saw strong bidding from expats from Hong Kong, Singapore and the UK looking to relocate in coming months and years to the Sunshine Coast.“At our last five auctions, we have averaged 16 registered bidders while the current Australian average for Ray White is six with the historical average being between two and three,” Mr Goldsworthy said.

“To see registered bidder numbers three or four times above the national average is simply incredible and just goes to show the current interest in our property market”.