Queensland Property Auction

Queensland Properties in Auction Extravaganza

More than 100 Queensland properties will feature in a trans-Tasman auction extravaganza held by Australasia’s largest real estate group, Ray White.

Hundreds of properties in Australia and New Zealand are for sale in the 2009 Ray White Auction Spectacular. The super auction events will take place in 25 different locations over 11 days up until March 29.

The Auction Spectacular’s first major event will be held at the Sheraton Mirage on the Gold Coast from 10am on Sunday.

Brisbane, Melbourne, Darwin, Adelaide, Sydney and Perth as well as Christchurch and Auckland in New Zealand will take part in the Auction Spectacular.

Ray White’s Queensland Chief Auctioneer Phillip Parker said more than 40 properties will go under the hammer at the Gold Coast auction with another 96 properties listed for sale at the Brisbane Convention Centre on March 29.

Mr Parker said the Gold Coast and Brisbane auctions had a wide variety of South-East Queensland properties listed, including several on the Sunshine Coast.

“We have waterfront mansions at Paradise Point and Runaway Bay on the Gold Coast, a bluechip block of land at Caloundra, inner-city apartments in Brisbane as well as properties in rural areas such as Rosewood,” he said.

“There are plenty of houses and apartments to suit the first home buyer and also a range of properties at the higher-end of the market as well as properties that will suit those looking to get back into the investment market.”

Ray White CEO Business Growth, Mark McLeod, said the event is being backed by every arm of the Ray White Group, including Ray White Rural, Ray White Commercial and the Loan Market Group.

Mr McLeod said Ray White Auction Spectaculars had proven to be highly popular at a local level, with a recent combined auction on the Gold Coast defying the economic downturn and generating sales of more than $30 million.

“The Ray White Auction Spectaculars have set the benchmark for industry-leading marketing and selling strategies despite economic conditions,” Mr McLeod said.

“The 2009 Auction Spectacular will be an unprecedented event. It’s more massive than anything attempted before and better co-ordinated.”

Mr McLeod said the Auction Spectacular offers many advantages over a private treaty sale.

“It’s a highly competitive environment and there’s a sense of urgency which stimulates buyer interest and a call to action,” he said.

“The other advantages include no upper price barrier and the opportunity to expose properties to more buyers via large-screen presentations.

“We have display photographs and on-hand expert advice and the safe knowledge that those present are serious buyers.”

Mr McLeod said the difficult economic climate meant 2009 was a challenging time for the Australasian property sector, but low interest rates and concessions such as the boosted First Home Owners Grant made it a good time to be in the market.

“In unpredictable markets, more than ever, house property auctions are proven to be the best way to find the real value of a property – for both the vendor and the purchaser,” he said.

Mr McLeod said Ray White held almost twice as many auctions as its nearest real estate rival during 2008, with auctions generating more than $1 billion in residential property sales.

“The 2009 Auction Spectacular offers an opportunity to get on the front foot and show the true value and potential of real estate in the Australian and New Zealand marketplace. We’re confident it will make a bold statement.

Source: Northside Chronicle