PHOTO: The Event – GOLD COAST AUSTRALIA.

Up to $40 million worth of property is set to exchange hands in a single day next week, as investors and potential migrants head to Queensland to bid at one of the country’s biggest auction events.

Buyers from Sydney and Melbourne will make up a significant part of the crowd at The Event next week, as investors and owner-occupiers look to capitalise on the Gold Coast’s thriving market.

Ray White Surfers Paradise holds the yearly auction event – one of the largest in Australia – where it routinely auctions more than 100 properties in a single day. This year it will be held on Sunday, January 28.

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