Andrew White auction surfers paradise
Ray White CEO, Andrew Bell, at the Royal Pines Auction Event (Supplied)
  • Most successful event in Ray Whites Surfers Paradise 29-year history
  • As of Sunday evening (24th Jan), $35 million worth of property sold
  • Clearance rate of 79 per cent
  • Included 25 bids for a single Chevron Island Property

At the Royal Pines event held on Saturday, which was attended by 315 registered local and interstate bidders, tens of millions dollars of property was sold in a sales campaign that Ray White Surfers Paradise CEO, Andrew Bell, hailed as “the best ever” auction event in the Group’s 29-year history.

As of 5pm AEST Sunday, over $35 million worth of properties had been sold with a high clearance rate of 79 per cent.

Auction Event Ray White
The socially-distanced auction at the Royal Pines (Supplied)

“The Gold Coast is in a golden era. It’s quite unbelievable to think where we have come from in just a few months,” said Mr Bell.

“Local and interstate buyers have come out in force today to reinforce the fact that the post Covid environment is ushering in a golden era for the Gold Coast…people have accelerated their decision making when it comes to buying property – they want to be on the Gold Coast in some way shape or form, whether as owner occupiers or investors,”

“This was clearly reflected today based on the record turnout, the robust nature of bidding and the strength of sales.”

The day began with a tense 25 bids for 1 ‘Chevron Riveria’ at 214 Stanhill Drive on Chevron Island where bidding started at $500,000 with the hammer eventually falling at $1.2 million. The winning bidders, Mr and Mrs Hollingworth from Golburn, have longed for a retirement property in the Gold Coast area.

Noel Hollingworth Gold Coast
Noel Hollingworth purchased 214 Stanhill Drive on Chevron Island for $1.2 million (Supplied)

“Covid-19 and the restrictions had no impact on us and it’s always been in our plans to move to the Gold Coast so we’re extremely happy,” said Mr Hollingworth.

“We’ve been looking at a number of properties but this one stood out to us and the fact it was on Chevron Island really appealed to us. We love the Gold Coast because there is plenty of action and just so much to do.”

44 Queen Street in Southport represented the highest sale of the day with the 17-bedroom resort selling for $2.7 million.  Other impressive sales included a 3-bedroom, 3-bathroom villa ay 214 Stanhill Drive that sold for $1.2 million and floor 191 at 63 Thomas Drive that sold for a cool $1.81 million.

2167 “Chevron Renaissance”, 23 Ferny Avenue in Surfers Paradise was the lowest priced property sold on the day at $315,000.

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