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More than $14 million worth of property has sold at Ray White Coastal Living Network’s huge auction event held over the weekend on Queensland’s Sunshine Coast.
The network of eight offices and 80 agents teamed up on Sunday to take 65 houses, apartments and vacant land to auction with around 600 people in attendance throughout the day.
The eight offices are Ray White Noosa, Ray White Noosa River, Ray White Maroochydore, Ray White Buderim, Ray White Mooloolaba, Ray White Kawana, Ray White Sippy Downs and Ray White Nambour.
Combined sales figures from the event, including properties sold prior, reached a total $14,602,000 as 24 of the 65 listings sold under the hammer.
Ray White Mooloolaba|Kawana director James Goldsworthy said that it was a successful outcome.
“We’re delighted with the outcome,” the director said.
“We know across the offices that there’s still a lot of negotiating happening and we’re expecting those sales to continue across this week.”
Mr Goldsworthy added that there was an exciting level of competition at the event.
“I know we outperformed the Queensland market as our clearance rate on the day was higher than the state’s and we’re proud of that,” the director said.
“The Sunshine Coast market remains strong, sales are still occurring, with buyers and sellers negotiating freely.”
The highest sale under the hammer at Sunday’s event was a $1,925,000 transaction of a luxurious four-bedroom Cotton Tree penthouse in Maroochydore.
At the opposite end of the spectrum, a one-bedroom, one-bathroom unit in Mooloolaba sold for $252,000.
Ray White Maroochydore|Buderim|Noosa|Noosa River director Brett Graham said that it was an impressive range of properties.
“It was great to see a wide variety of properties sell under the hammer and to see competitive buyers across all markets.
“Our investor market is still strong, compared to southern states, and it’s prompted me to consider organising an investor property expo and investment stock-only auction in the first quarter of next year.”
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