Gold Coast gears up for huge auction event with nearly 100 homes up for grabs

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The Gold Coast real estate market is getting its day back in the sun, as house prices rose in 2018 during a tough year nationwide.

This means that expectations are high for one of the major events on the real estate calendar when hundreds of homes, from mansions to townhouses, penthouses to villas, are about to go under the hammer. “The event has been around for 24 years now, but this year’s one could be the most interesting so far,” said Andrew Bell, managing director of Ray White Surfers Paradise Group, the agency that hosts the huge annual day. of sale in January. .

More than 2,000 people are already expected from all over the country and overseas on the January 28 auction day.

The event saw record crowds at auction last year. Photo: Paul Harris / Rocking Photography

The 2018 event saw record crowds and great buying – and selling – at the RACV Royal Pines Resort site. The auctions, often involving subsequent negotiations, ultimately resulted in the sale of 108 properties, with a success rate of 89%. There were over 3 million property views online, over 2,500 registered property inspections and over 170 registered bidders that day.

The 2018 Commonwealth Games and their huge infrastructure spending injected new energy into the market. And, while the Sydney and Melbourne markets have softened, the Gold Coast real estate market has improved compared to 2018.

Aerial view of Broadbeach on the Gold Coast
Despite a slowdown in other metropolitan cities, the Gold Coast real estate market has improved compared to 2018.

Based on Domain Group figures, the median home price rose 1.6% to $ 625,000, up 30.2% over five years. The median apartment price has fallen only slightly, 1.2 percent – far less than other major markets – with growth of 20.7 percent over the past five years.

Domain Group data scientist Dr Nicola Powell says the Games factor had a strong economic impact on the region which, in turn, had a ripple effect on the real estate market. “All the spending has created a lot of jobs and economic prosperity for the area, and property has certainly benefited,” she says.

There is always great value for money on the Gold Coast, especially when you look at the prices in… the capital cities.

Tony Coughran, Gold Coast Real Estate Advisors

Cashed buyers are moving at a particularly fast pace from NSW, with others coming from Melbourne. “There is always great value on the Gold Coast, especially when you look at the prices in… the capital cities,” says Buyers Agent Tony Coughran, owner of Gold Coast Property Advisors.

“The event is a great idea, with people coming from all over to attend. “

Two flagship auctions

Broadbeach Waters

43 TE Peters Drive Broadbeach Waters QLD
43 TE Peters Drive, Broadbeach Waters QLD.

Natural light, open space, and panoramic water and city views will grab the attention of high-profile buyers when this architectural gem goes under the hammer.

Designed for easy family living, the home features a gourmet kitchen with a pantry, four en-suite bedrooms, a media room with projector and surround sound, and an elegant onboard entertainment area. from the swimming pool which makes the most of the view.

43 TE Peters Drive Broadbeach Waters QLD
43 TE Peters Drive, Broadbeach Waters QLD.

Jackson Paradise of Ray White Prestige Gold Coast is managing the campaign.

Surfers paradise

3701 Crown Towers 5-19 Palm Avenue Surfers Paradise QLD Low res
3701 ‘Crown Towers’ 5-19 Palm Avenue, Surfers Paradise QLD.

Perched high above the city, this sub-penthouse offers the kind of vistas you can only expect from a 37th floor vantage point.

The apartment is serviced by resort style facilities and is within walking distance of the beach and shops of Surfers Paradise.

3701 Crown Towers 5-19 Palm Avenue Surfers Paradise QLD Low res
3701 ‘Crown Towers’ 5-19 Palm Avenue, Surfers Paradise QLD.

The list is with Robert Graham, of Ray White Prestige Gold Coast.


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