Buyers spend more than $21m under the hammer

MORE than $21 million worth of property sold under the hammer at an auction event on the Gold Coast over the weekend.

The event featured 38 lots from five Ray White Gold Coast offices and recorded a 71 per cent clearance rate.

Buyers were out in force with more than 150 bidders and 1,153 viewers online and on-site, with 336 bids taken in total by Ray White Queensland chief auctioneer Gavin Croft.

The top sale of the day was 56 Melville Drive, Pimpama which sold for $1.25 million under the hammer through Jason Atkinson and Tishauna Haynes of Ray White Pimpama.

“The volume of registered bidders yesterday demonstrated a strong appetite to secure Gold Coast property,” Mr Croft said.

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56 Melville Drive, Pimpama sold for $1.25 million.

“Particularly strong was the sub $1 million dollar apartment market which saw some hotly contested bidding from both owner occupiers and investors.

“Key points for buyers searching in this market was ease of accessibility to beaches and shopping as well as the aspect of those apartments playing an important role in attracting buyers interest.

“From a house perspective the Coomera and Pimpama markets on the northern end of the Gold Coast were high in demand.

“One auction having 15 registered bidders to secure a quality four bedroom lowset home close to the Dreamworld precinct was indicative of the strength of this market, again around the $1 million price point. In fact we offered 18 homes of this profile across the day and sold 85 per cent.

“Of all the lots offered, 95 per cent of properties had active bidding, a strong statement in itself providing huge confidence to home sellers in their decision making.”

Ray White Broadbeach Waters, Ray White Burleigh Group, Ray White Catanzariti Family Group, Ray White Robina and Ray White Mian Group were involved in the event.

These are the properties that sold at the event:

3 Mala Court, Coomera – $773,500

1 Challenger Street, Worongary – $825,000

29/17 Yaun Street, Coomera – $545,000.00

11/145 Central Street, Labrador – $561,000

33 Niccy Road, Coomera – $712,000

905/157 Old Burleigh Road, Broadbeach – $686,000

117 Melville Drive, Pimpama – $1,045,000

5 Penrith Court, Helensvale – $839,000

2207/10 Fifth Ave, Palm Beach – $620,000

1 Rivergum Drive, Nerang – $650,000

71 Peter Mills Drive, Gilston – $1.1m

53 Girtin Circuit, Pimpama – $1.15m

6 Maidstone Lane, Pimpama – $704,444

6 Freya Circuit, Coomera Waters – $920,000

20 Longstaff Crescent, Pimpama – $1.025m

1 Artists Ave, Oxenford – $809,000

3/30 Salzburg Road, Pimpama – $630,000

3901/9 Hamilton Ave, Surfers Paradise – $1.22m

1/33 Mclachlan Circuit, Willow Vale – $590,000

26 Banjo Crescent, Gilston – $1.175m

Article source: Queensland Property Investor