PHOTO: A number of properties at the Sunshine Coast auction event have already sold, thanks to a strong local market. Photo: Supplied

Competition is expected to be hot at a special multi-property auction event on the Sunshine Coast this weekend.

Ray White’s fifth annual auction event will see dozens of properties go under the hammer in-room on Sunday.

However, demand for the coast’s enviable lifestyle has already seen some of the listings snapped up by keen buyers.

In fact, the first weekend of open homes for the event resulted in 20 to 25 groups through some of the properties.

Since the first multi-office auction event on the Sunshine Coast in 2015, $85 million in sales have been achieved from the auction of 195 properties with an average overall clearance rate of 95 per cent.

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