PHOTO: Andrew Bell in action on Saturday morning. Photo: Glenn Hunt
Properties worth more than $17 million sold under the hammer on Saturday, rewarding buyers, sellers and investors who braved a hot and humid day to attend Australia’s biggest auction event on the Gold Coast.
Momentum has been building on the Gold Coast over the summer months with a number of high-profile deals, including the recent sale of fitness guru and social media queen Ashy Bines’ Burleigh Waters property, which changed hands for $2.2 million.
Expectations were high on Saturday as the crowd passed through the exhibitor’s stalls at RACV Royal Pines Resort, tasting free ice cream, and picking up information as they made their way into the auction room.
It was fully packed ready for an 11am auction start. Domain’s House Price Report released last week shows that the area’s median house price sits at $640,00 ( up 3.2 per cent year-on-year), and the unit price at $420,000 — and with stock levels at record lows, the anticipation of competition was palpable.
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