The “biggest on site property auction ever” took place at the Gold Coast on Saturday, leaving real estate agents in disbelief over the shock turn out.
Real Estate Agents were left shocked Saturday after hundreds of people flocked to a house auction on the Gold Coast.
The four bed property on Deodar Drive in Burleigh Heads sold to the highest bidder for $3.75 million.
Agent Conal Martin of Kingfisher Realty said it was the “biggest on site auction ever on the Gold Coast.”
Official numbers are yet to be confirmed, but it’s thought over 600 people were in the room with many others forced to stand on the street outside the property.
Martin told news.com.au that he and other agents in the area were surprised by the turn out, noting, “no one could believe it”. He added, “The gates to the property were shut at 10am, people turned up afterwards but they were too late. They had to stand outside and watch the live stream on their phones.”
Footage posted to social media shows just how busy the auction was with people crowded in the kitchen area listening in.
The property market has soared state-wide with the Gold Coast being one of the top picks for Australians and international buyers eager to flea pandemic hot spots.
Agent Conal Martin told us, “When the southerners came out of their first lockdown we had more enquiries in six months than the previous 17 years from down south. When Victoria went into lock down this week, the enquiry picked up again the day they went into lockdown.”
The house named ‘The Palms’ has four bedrooms, three bathrooms and space for four cars. It comes fully furnished and is not far from Burleigh Beach. It features an outdoor entertainment area, with a one-of-a-kind sunken fireplace, glass edge pool, outdoor kitchen, BBQ and beer fridge.
There were six potential buyers in the room and on the phone. Interest was narrowed down to two potential buyers and after negotiations between the buyers and seller – the property was sold for $3.75m.
The Gold Coast was the most searched region of 2020, with most interest coming from New Zealand, the US and the UK. Closer to home, Australians are reaping the benefits or remote working and looking to make a sea change.
Busy auctions with eye-watering sales have driven record property growth right across the area. The median house price in the Gold Coast is now $749,950, following a 15.4 per cent annual jump. The record for Queensland’s most expensive home sale was broken during the financial year when a waterfront Gold Coast mansion fetched a huge $27 million.
Article Source: www.news.com.au
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