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Spring mega auction event

Property

Spring mega auction event

Ray White is holding a huge auction event and anticipates much interest from buyers far and wide. WORDS: Tracey Johnstone.

All Ray White agencies from every corner of the Coast are preparing for one huge residential property auction day to kick off the traditionally busy spring selling season.

On September 19, The Auction Event will have the widest selection of property ever offered on the Coast on one day, says Ray White Maroochydore director and auctioneer Dan Sowden.

He expects across the almost 60 properties there will be something for every buyer with all types of property being bought to the market. There will be an entry-level apartment in the university precinct at Sippy Downs. “Great for an investor or first homebuyer,” Mr Sowden says. At the other end of the scale there is an expansive home in Maroochydore. “It may break $2 million,” he adds.

Mr Sowden says the event will be advantageous for buyers. They get to be in one location to attend multiple auctions. “In some cases, the buyer might miss out on one property and then move onto the next one on the same day,” he says. “The event collapses the time frame the buyers need to be looking in the market.”

In 2019, the last time the spring mega event was held, 60 properties were listed in a market where there were far more properties for sale.

Buyer attendance at the September 19 event will be subject to Covid restrictions, but Mr Sowden says Ray White has set up video technology for bidders to be online in the lead-up to the event and on the day. This will open the way for inter-state and intra-state buyers to be in the thick of the action, and Mr Sowden expects there will be plenty of people virtually attending as the extended lockdowns push more buyers into acting now to secure a home on the Coast.

“We are already seeing more enquiries from people in Sydney and Melbourne,” he says. “Already, between 35 and 40 per cent of all our contracts across all our Coast offices are signed to those coming from outside the state. Two years ago, that number was closer to 10 per cent.

“I think they are thinking the move to Queensland looks better and better,” he adds. “The Coast is going through a one-in-20-year growth spurt in terms of the CBD establishment, medical precinct, the new international airport and more employment opportunities.”

Mr Sowden says listings are being accepted for another week. Find out more at raywhitemaroochydore.com.au/the-auction-event-2021.

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