Ray White Surfers Paradise Group’s (RWSP) auction clearance rate has continued to climb above 60 percent following Australia’s largest in-room auction program a fortnight ago.
RWSP has now secured a total of $26.5 million in property sales since The Event 2019, which was held at the RACV Royal Pines Resort on Monday, 28th January.
The Event saw $19 million in real estate sell on the day, but RWSP has finalised an additional $7.5 million in property sales since.
There has been an additional $30 million in private treaty sales as a result of The Event.
A further seven percent of properties are under conditional contract, awaiting finance approvals.
RWSP CEO Andrew Bell said he expects to see further homes sell in coming weeks.
“We’ve been assisting buyers and sellers in the negotiation process and of course post auction we’ve been able to start negotiations with conditional buyers,” he said.
Mr Bell said many parties missed out on their first choice of property at The Event, but did not want to miss out on purchasing property at today’s value.
“Six of the properties that were sold at The Event 2019 were to purchasers sight unseen,” he said.
“The RWSP auction videos were so impressive that buyers were prepared to buy on the day without the need for an internal inspection.
“Of the unsold properties, the last two weeks has given many additional buyers the opportunity to inspect the remaining properties and enter negotiations, and we can expect to see those results flow through over coming weeks.”
Mr Bell said he had been thrilled with the results, both on the day and in the days since The Event.
“These results are representing some of the best sales figures in the country at present.”
“There has been some negative sentiment around real estate markets of Australia recently, although the market here on the Gold Coast has spoken differently,” he said.