Hoteliers from Sydney were a few of the fortunate consumers on the Gold Coast

With simply eight auctions scheduled in Brisbane the day before today, the Glitter Strip became the area to be for those seeking to get a cracking deal below the hammer.

while there were 32 Gold Coast auctions scheduled yesterday, the lion’s share of the properties will cross underneath the hammer today at Ray White Surfers Paradise’s largest inroom public sale of the year – The occasion – wherein nearly a hundred sellers will positioned their houses available on the market on the Gold Coast Turf membership.

but matters were already heating up on the Glitter Strip the day gone by with Ray White Broadbeach preserving 14 auctions on the ULTIQA Freshwater factor hotel in Broadbeach.

The event attracted a crowd of greater than 70 searching for what you offer, a lot of whom had been compelled to face. 

feelings ran high, with a few bidders voicing dissatisfaction when priced out of the contest by means of supplier bids.

among the ones keen to snap up a belongings were Sydney-based hoteliers Angelo and Sandy Elliott who purchased a beautiful apartment in Broadbeach’s trend building beneath the hammer for $2.seventy five million.

The eight/five Broadbeach Blvd belongings, bought thru Ray White Broadbeach sales agent Rob Astbury, changed into inspected through 71 involved events and received two offers, prior to going to auction.

the day past, it attracted 5 registered bidders and had a gap bid of $2 million.

After aggressive bidding, the Elliotts secured the belongings. The pair, who've visited Broadbeach on vacation for some 15 years, will use the condo as a holiday home, while last in Sydney to run their lodge enterprise.

“while we looked at it we knew it changed into the one we wanted,” Mr Elliott said.

they may be considered one of many interstate consumers locating better value at the Gold Coast than in southern markets.

“The rate of the property just doesn’t examine to Sydney,” Ms Elliott said.

“You simply wouldn’t get anything like this in Sydney and why would we? We’ve already were given a home there,” Mr Elliott stated.

Mr Astbury said 2016 will be the year for the Gold Coast auction market with investor self assurance already returning.

despite it handiest being status room at Ray White Broadbeach’s auctions the day past, many consumers appeared to be saving their pennies for the majority of auctions being held these days.

Of the 14 properties on offer at the inroom public sale the day prior to this, many have been surpassed in. while it has attracted the hobby of many, Broadbeach’s sky high ultra penthouse at 3002/14 George Ave, didn’t see a unmarried bid. 

some place else at the Coast, Scott Euler and Nicola Buchanan, of Ray White Benowa, bought four Cheval court docket, Benowa Waters below the hammer for $1.583 million the day before today after six registered bidders made fifty eight bids.

In Brisbane, a neat unit with a river view at 8/146 Macquarie St, St Lucia became most of the properties offered below the hammer for $502,500 to a local client.

RE/MAX – Profile real estate marketing agent Elliott Dean said 30 humans attended the auction and there had been five registered bidders.