Ray White Surfers Paradise Group were excited to showcase their latest Spring Collection Portfolio to the market. Known to be one of Gold Coast’s biggest auction events, Ray White Surfers Paradise were bullish about the results, considering the strength of the current Queensland market.
Comprising of residential and commercial assets, 38 properties across some of Gold Coast’s most prominent suburbs were up for sale during the much anticipated auction event.
Held at the Gold Coast Turf Club in Bundall, more than 100 buyers flocked to the auction room, all eager to gain a feel for the market and get a glimpse of the how profile-assets would perform. Phone bidders from interstate also joined in on the action.
Ray White Surfers Paradise CEO Andrew Bell was the auctioneer for the event, which impressively had 17 properties sell prior to the event. The portfolio recorded a fantastic 81% success rate, as 14 properties sold under the hammer during the in-room event.
One of the more noteworthy sales was the arm-wrestle for the 'Hi Surf’ apartment. Located at '12B, 150 The Esplanade, Surfers Paradise’ , two bidders fought hard to secure the large 148sqm apartment. With bids flying in fast and $2,000 increments being granted, one lucky buyer ended up securing the property for $1,040,000.
Additionally, the auction at '1/29 Tarcoola Crescent, Chevron Island', generated over 300 enquires during campaign, along with 20 registered bidders. After achieving the reserve price of $750,000, the property ended up selling under the hammer for $810,000.
Commenting on the marvellous results recorded at the in-room auction event, Ray White Surfers Paradise CEO Andrew Bell said, “Spring has always been a launchpad into the end of year to January real estate market, it’s usually when we get an increase in the volume of buyers, and that was certainly the case yesterday."
"There is this air of absolute confidence in the Gold Coast marketplace, we have great belief in our market” he added.
“Auctions are the preferred method of sale now as it allows the market to determine the maximum price that people would want to pay, and at the moment we’re seeing a lot of sales occurring above the reserve price, because buyers are prepared to pay what they want."
See the results throughout the auction event below
Auction 1:
48 Crestwood Drive, Molendinar
Sold - 930,000
Auction 2:
191 Ferry Road, Southport
Sold - 1,625,000
Auction 3:
3 Baratta Street, Southport
Sold - 1,075,000
Auction 4:
33607 ’Southport Central’ Lawson Street, Southport
Sold prior
Auction 5
1315 ‘Circle on Cavil’ 9 Ferny Avenue
Sold - $830,000
Auction 6:
1-9/117 Ashmore Road, Bundall
Passed-In
Auction 7:
80 Smith Street, Southport
Passed-In
Auction 8:
33106 ’Southport Central’ Lawson Street, Southport
Sold prior
Auction 9:
1/29 Tarcoola Crescent, Chevron Island
Sold - 810,000
Auction 10:
8/36 Monaco Street, Surfers Paradise
Sold - $501,000
Auction 11:
12B ‘Hi Surf’ 150 The Esplanade, Surfers Paradise
Arm-wstele
Sold - $1,040,000
Auction 12:
45/3-15 Jackman Street, Southport
Sold - $565,000
Auction 13:
2/125 Cotlew Street, Ashmore
Sold Prior
Auction 14:
17 ‘Waterways’ 40 Ferny Avenue
Sold - $672,000
Auction 15:
2432 'Chevron Renaissance' 23 Ferny Ave, Surfers Paradise
Sold prior
Auction 16
Goldery Four Drive, Tugan
Sold - Undisclosed
Auction 17
2104 Sun City' 3400 Gold Coast Hwy,
Surfers Paradise
Passed-In
Auction 18
1253 Southport Central
56 Scarborough Street, Southport
Sold - $471,000
Auction 19
22E ‘Imperial Surf’ 80 The Esplanade, Surfers Paradise
Sold Prior
Auction 20
21405 ‘Southport Central’ Lawson Street, Southport
Sold Prior
Auction 21
9/2a Hala Street, Coolangatta
Passed-In
Auction 22:
79 ‘The Crest’ 15 Breaker Street, Main Beach
Sold Prior
Auction 23:
5 Pearl Street, Coomera
Sold Prior
Auction 24:
29 Shepton Crescent, Mudgeeraba
Sold - $880,000
Auction 25;
16E Beachpoint
3277 Surfers Paradise Boulevard, Surfers Paradise
Passed-In
Auction 26:
730 Octal Street, Vatala
Sold Prior
Auction 27:
1902 'Sun City’ 3400 Surfers Paradise Blvd, Surfers Paradise
Sold Prior
Auction 28:
AD 'Thornton Tower' 33 Thornton Street, Surfers Paradise
Sold Prior
Auction 29:
31/28 Burnside Road, Ormeau
Passed-In
Auction 30:
17 ‘Anchordown’ 27 Peninsular Drive, Surfers Paradise
Sold - $295,000
Auction 31:
5/35-37 Tarcoola Crescent, Chevron island
Sold Prior
Auction 32:
4/51 Burra Street, Chevron Island
Sold Prior
Auction 33:
1/15 Lee Road, Runaway Bay
Sold Prior
Auction 34:
32 ‘Surfers Del Rey’ 37 Peninsular Drive, Surfers Paradise
Sold Prior
Auction 35:
1701 'Top of the Mark’, 3 Orchid Avenue, Surfers Paradise
Sold - $525,000
Auction 36:
"Horizon' 154 Musgrave Avenue, Southport
Passed-In
Auction 37:
2'Scarborough Fair’
211 Scarborough Street, Southport
Sold Prior
Auction 38:
8A 'Seacrest' 3448 Main Beach Parade, Surfers Paradise
Sold Prior
