Gold Coast property market heats up for spring auction events

Buyers are being encouraged to take advantage of the spring auction events on the Gold Coast.

CASHED-UP buyers scrambling to secure property on the Gold Coast have plenty to choose from as spring auction events ramp up across the city.
Several Ray White offices from across the Glitter Strip plan to make the most of the warmer weather by taking a selection of units and houses to auction.

An array of properties will be on offer at Ray White Surfers Paradise Group’s Spring Selection.

Ray White Surfers Paradise Group will offer 40 properties at their Spring Selection on September 30.
Among the properties on offer is a retro Surfers Paradise townhouse complete with a floating terrazzo staircase.
The two-bedder at 1/29 Tarcoola Cres, Chevron Island has retained a raft of original features throughout its open-plan design.

1/29 Tarcoola Crescent, Chevron Island is going to auction on September 30.

Vendor Robyn Arthur bought the property in 2009, drawn to its quirky features and spectacular outlook of the river and Surfers Paradise skyline.
“It was the position first with the view across the river and then it was the retro features,” she said.
Among its original features is its flooring, floating terrazzo staircase and stone feature wall.
“The most magnificent feature is the staircase,” Ms Arthur said.
“It’s floating terrazzo steps with a solid timber balustrade handrail against the stone.”
The townhouse is part of a complex with 11 other apartments as well as a communal swimming pool.

Auctioneer Andrew Bell. Photograph: Jason O’Brien

RWSP chief executive Andrew Bell said unprecedented buyer demand provided an ideal auction setting.
“At this time of year there is always more buyer activity with more potential buyers,” Mr Bell said.
“An auction allows bidders to fairly compete for a property and most properties going to auction are achieving prices higher than sellers would have imagined.”
Mr Bell said there was something for every buyer.
“We always try and work to have diversity with a range of houses and units in different suburbs,” Mr Bell said.

Scenes from Ray White’s annual auction The Event earlier this year. Photograph: Jason O’Brien

He said southern state lockdowns were not impacting auction events on the Gold Coast.
“When people are sitting at home it does stimulate a percentage of them to go ‘you know what, it’s time for us to relocate’,” Mr Bell said.
“We actually get an increase in the number of people who want to migrate when there is a lockdown.
“It’s not an impediment to an auction. Of course with technology many buyers also find auctions very convenient.”

Ali Mian, Ray White, Runaway Bay Group principal Picture: Regi Varghese

Ray White Runway Bay Group are also hosting their event, The Auction Collective, on September 28.
“We’ve got a few high-end homes on offer as well as some really good houses,” principal Ali Mian said.
“We have had a bumper start to spring and I’m expecting a big crowd.”

The post Gold Coast property market heats up for spring auction events appeared first on

Don’t Stop Here

More To Explore