Some 20000 people came to our auctions

The Ray White Group has just reached an incredible milestone when we had 20000 attend our auctions across Australasia last week. Wow!

That’s a massive jump in activity.

That’s more than double the crowd numbers of a typical week across the Ray White network.

It's an exciting and encouraging number as we know all of these people and would-be buyers are interested in real time price action in their suburbs. There’s no better way to find out what is happening in your market than to attend an auction.

With results still rolling in, our national preliminary clearance rate came in at 44 per cent across the 710 auctions that were scheduled in the week to Saturday November 18, 2018.

According to our own internal auction data, we had almost 40 people attend every single auction and there were 2.2 registered bidders per property.

Our top auction sale of the week also had a very sweet story to go along with it.

Last month Ray White New Farm principals Matt Lancashire and Haesley Cush auctioned off their services at the Holy Spirit School fete auction last month and the winning bid of $89,500 secure the prize of a full real estate marketing campaign including the cost of commission on the sale of a house.

But it wasn’t just any old house, it was 34 Satinwood Court, Bardon which just sold on Saturday in front of a crowd of 50 people for a street record of $4.275M with intense activity from the five registered bidders.

Auctioneer Haesley Cush is a proud Holy Spirit School parent said he was very excited about the result for both the seller and the school.

Five local registered bidders (one on the phone from Coffs Harbour in New South Wales) took the five-bedroom house on 3519sq m to auction just after 10am.

Bidding started at $2.8 million and within three minutes had climbed to $3.9 million.

Mr Cush trilled out the final bid for a good 30 seconds before the auction paused and interested parties negotiated privately for 15 minutes.

They returned with a negotiated auction bid of $4.275 million which put the property on the market.

Ray White New Farm Principal Matt Lancashire said the sale sent a strong message to the market.

“Buy before Christmas because there’s nothing wrong with the market,” he said.

“There’s a lot of speculation around the Royal Commission and those sorts of things, but to have five registered bidders, all with capacity to spend around $4 million and above, is a great testament to the purchasers out there.”

The property was rare find for the family-oriented bidders, with a substantially larger lot than neighbouring properties and a panoramic east-facing aspect.

“A big block in that area is around 1200 [square metres], this is 3500,” Mr Lancashire said.

“It is the ultimate family home – it’s amazing. It’s elevated, it’s got city views and it’s a 20-year home for someone.

“Those properties don’t come up very often.”

It was a very Queensland story this week with our second highest sale of the week, also a very well know Gold Coast auction agent. Ray White Mermaid Beach elite agent Troy Dowker sold 1 Short St, Tugan under the hammer.

And in the northside Brisbane suburb of Enoggera, Ray White Ashgrove agent Brittany Denham had a whopping 12 registered bidders for her listing at 49 Moore St.

This stunning, renovated home sold for $1.070M after being so sought after for being exceptional on every level and setting a new benchmark in quality and space in this suburb.

A couple flew in from Vietnam to secure a 1930s house at 20 Collins St, St Albans for $1.281M for their children. According to Ray White St Albans director Shaun Marijanovic the 622sq m property had belonged to the same owners since it was built, and only hit the market after they died.

The epic 40-minute auction started at $700,000, crawled to the $970,000 reserve, and then took off. When the hammer came down, 60 bids had been placed.

Mr Marijanovic said the buyers were based in Vietnam but had connections to St Albans. They’d been keen to get a foothold on Collins St — one of the suburb’s most desirable stretches, being close to the shopping village.

“Properties hardly ever come on to the market here. When they do, they’re highly sought-after,” he said.