Buyers splashing millions on Gold Coast property at auction events

first_img4. 96-98 Crescent Ave, Hope Island MORE NEWS: Fancy your own luxury resort? “It’s a very good sign … ahead of this weekend where we have an array of propertiesthat reflect much of what the Gold Coast offers, from luxury homes to smaller investmentapartments,” he said.“The New Year has brought with it a renewed sense of confidence and we look forward tobuilding on the strong sales results this Saturday.” Ray White Surfers Paradise’s Andrew Bell. The Sanctuary Cove house at 7309 Bayside Close is one of the properties that will go under the hammer at The Event.Mr Bell said record low interest rates offered a good opportunity to buy property, but the city’s lifestyle and affordability were ultimately what attracted buyers.“People see that real estate here on the Gold Coast presents great value for money and with the city being in the strongest position that it has ever been in, it has become a really attractive proposition,” he said.Other agencies across the Coast have held successful auction events this week, including Amir Prestige Property Agents.Half of the properties taken to the agency’s auction event on Thursday have sold, the highest of which was one at Paradise Point that fetched $6.75 million.John Henderson Professionals Mermaid Beach penned $7.5 million in sales at its auction event earlier in the week. The Sanctuary Cove residence at 2094 The Circle will also be offered to the public at The Event. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago 2. 2094 The Circle, Sanctuary Cove TOP 5 MOST VIEWED PROPERTIES GOING TO AUCTION Its biggest sales of the night were two Mermaid Beach apartment buildings, which fetched $2.205 million and $1.95 million.REA Group executive manager of economic research Cameron Kusher said most property markets around the country were quiet in January, which presented an opportunity for the Gold Coast.“It’s usually the quiet time for auctions but this time of year is when people are visiting the Gold Coast,” he said.“It makes sense to run these auctions now.”With market confidence improving across the country and a weak Australian dollar, Mr Kusher said many people interstate were more likely to look to the region for holiday homes. Auction season is in full swing on the Gold Coast.A wave of house hunters has hit the Gold Coast, with keen buyers already splashing millions on property ahead of the city’s largest auction event of the year.Several big sales have been recorded at auctions this week and dozens more are tipped to be inked at Ray White Surfers Paradise’s The Event today.So far 11 of the 103 properties due to go under the hammer have sold, which Ray White Surfers Paradise Group chief executive Andrew Bell said proved positive. MORE NEWS: Why the Gold Coast property market is in the spotlight 5. 12 Moola Court, Broadbeach Waters (Source: 1. 10 Marina Parade, Jacobs Well 3. 7309 Bayside Close, Sanctuary Covelast_img

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