FRANCHISE NEWSQLD Real Estate NewsReal Estate News

Ray White exceed $70m at auction on the Gold Coast

Ray White offices across the Gold Coast collectively auctioned nearly 200 properties and sold $72 million worth of real estate in one week.

Dubbed โ€œthe grand final of auctionsโ€, Ray White Surfers Paradise Groupโ€™s annual auction extravaganza, The Event, was held last Sunday and showcased 130 homes.

Selling over $40 million in one day, 2,000 people were in attendance with 300 registered bidders and an even split of local and interstate buyers. The highest price achieved was $3.5 million for 76 Admiralty Drive, Paradise Waters, a luxury waterfront home located on the main river.

On Saturday, 28 January, Ray White Broadbeach, Mermaid Beach and Robina came together for their Summer โ€˜17 auctions. With 23 properties up for grabs, the three offices achieved a combined total of just shy of $15 million in sales.

The week prior, on 22 January, The Ray White Gold Coast South Network conducted 38 auctions in a day with sales totalling more than $12 million.

The most recent auction evening was hosted by Ray White Runaway Bay, which achieved $5 million in sales last night.

Ray White Queensland CEO, Tony Warland, said the results showcase the skill of the Gold Coast network.

โ€œHow blessed we are to have members who are prepared to do the hard yards and take properties to auction. Itโ€™s not an easy task and it takes huge ability to successfully run these auction initiatives.โ€

Ray White Queensland expect auctions to take centre stage on the Gold Coast in 2017, with the region shaping up to be a key market for interstate buyers from the southern states seeking greater value.

โ€œOur Ray White businesses on the Gold Coast understand the important role auctions play in a market thatโ€™s heating up. Gold Coast real estate is rising in popularity and weโ€™ll see more properties auctioned as we move further into 2017,โ€ Mr Warland said.

Show More

News Room

If you have any news for the Real Estate industry - whether you are a professional or a supplier to the industry, please email us: newsroom@eliteagent.com