Across three major January auction showcases, The Event, the Gold Coast Auction Experience, and Alfresco Auctions, Ray White offices achieved more than $256 million in combined sales, underscoring the depth of demand across the region.
Ray White Queensland COO and auctioneer Gavin Croft said the results demonstrated the ongoing strength of the Gold Coast market, particularly under competitive auction conditions.
“What we’ve seen throughout January is a highly engaged buyer pool that is willing to compete strongly for quality property,” Mr Croft said.
“The energy at each of these events was exceptional, and the results reflect just how effective the auction process continues to be in driving premium outcomes for our sellers.”
The Event, led by Ray White Bell Group, Ray White Alliance and Ray White Sanctuary Cove, was a standout, with 101 properties taken to auction and an impressive 84 per cent clearance rate.
The Event generated a record-breaking $105 million in sales, with the top result a $13 million sale prior to auction for 5719 Anchorage Terrace, Sanctuary Cove, marketed by Ray White Sanctuary Cove agent Matt Gates.
Competition was fierce across the event, with 1/14–16 Bright Avenue, Labrador attracting 12 registered bidders, five of whom actively competed to drive a final sale price of $820,000.