Ray White will see over 180 properties go to auction on the Gold Coast this weekend
While property experts are busy predicting a surge in Gold Coast real estate, Ray White is proving it – with over 180 properties going to auction over three days from Saturday January 23 to Monday January 25 across the glitter strip.
The massive weekend begins on Saturday, with Ray White Broadbeach auctioning off 18 properties. Sunday will be the biggest day with the Ray White Gold Coast South network auctioning off 40 properties at the Twin Towns, and the Gold Coast Turf Club hosting 110 auctions for the Ray White Surfers Paradise Group at The Event. To round off the weekend, on Monday, the Ray White Runaway Bay Group will be auctioning 22 properties at the Sheraton Mirage on Main Beach.
Larry Malan, Principal of Ray White Broadbeach said there’s been significant interest from buyers. “We are looking forward to another year of consistent growth – whoever buys now will buy really well.”
Ali Mian, Principal of the Ray White Runaway Bay Group added that the auctions would provide a good mix for first home buyers, investors, high end and entry level waterfront buyers.
With significant infrastructure being invested in the Gold Coast, including the new light rail, the upgrade of Pacific Fair, and sporting facilities in the lead up to the Commonwealth games, each Principal agrees that auction is one of the best methods to sell property in a resurging Gold Coast market.
Andrew Bell, CEO of Ray White Surfers Paradise Group is anticipating two very good years for the Gold Coast property market. “Our markets have always been strongest when there is strong inter-state interest. As Sydney and Melbourne show signs of plateauing – buyers are looking for the next best value – and there hasn’t been an economic research house that hasn’t forecast the Gold Coast as the market in Australia for 2016.”
“Auctions present a far better platform to market properties and removes price out of the equation which is the number one killer of buyer enquiry,” said Andrew.
According to Ali Mian, auctions benefit both the seller and the buyer. “Buyers know who their competition is and are competing directly in real time. Attending an auction means it is transparent, and both the buyer and the seller can make decisions based on reality.”
“The auction process is so valuable; should we put a fixed price on a property we don’t know if we are underselling it. In a rising market it’s better to let the market decide the final price,” added Larry Malan.
Saturday 23 January
Ray White Broadbeach
Freshwater Point, 33 T.E Peters Drive, Broadbeach
Sunday 24 January
The Event – Ray White Surfers Paradise Group
Gold Coast Turf Club
Ray White Gold Coast South Network
Twin Towns, Tweed Heads
Monday 25 January
Ray White Runaway Bay Group
Sheraton Mirage, Main Beach
Ray White Group Media
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