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 “the grand final of auctions”, Ray White Surfers Paradise Group’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 ‘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.

“How blessed we are to have members who are prepared to do the hard yards and take properties to auction. It’s not an easy task and it takes huge ability to successfully run these auction initiatives.”

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.

“Our Ray White businesses on the Gold Coast understand the important role auctions play in a market that’s heating up. Gold Coast real estate is rising in popularity and we’ll see more properties auctioned as we move further into 2017,” 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