Local buyers lead the way at mega-auction event

first_imgPictured at the RACV Royal Pines Resort for the Ray White’s The Event, mega auction. Picture Mike BatterhamBidding on the property inched upwards before the Parzatkas took it from the underbidder by just $1000, for $1.256 million.Mrs Parzatka said she had an eye on a few properties she had viewed in the lead-up to The Event, but was ultimately attracted to the Isle of Capri home for its weekly rental return of $1250. “We bought it as an investment property,” said Mrs Parzatka, who lives in an apartment in Surfers Paradise with her family. Pictured at the RACV Royal Pines Resort for the Ray White’s The Event, mega auction. Picture Mike BatterhamBernadette Parzatka and husband Henry were among several buyers on the day who “stood fairly firm” to successfully outbid their competition.The Parzatkas snapped up a five-bedroom, three-bathroom home at Isle of Capri. “I think from watching all the reality TV shows … we know the tricks,” Mrs Parzatka said. Pictured at the RACV Royal Pines Resort for the Ray White’s The Event, mega auction. Buyers Henry and Bernadette Parzatka with their daughters Brooke (left) and Zoe. Picture Mike BatterhamA MIX of local and interstate buyers engaged in frenzied bidding as Ray White Surfers Paradise Group cleared a whopping $35.4 million worth of sales at a mega-auction yesterday.A crowd of about 1000 people, including more than 170 registered bidders, crammed into the RACV Royal Pines Resort in Benowa to be part of the agency’s legendary annual The Event auction. Ray White’s The Event at the RACV Royal Pines Resort. Picture: Mike BatterhamWhile the $35.4 million worth of deals confirmed at time of going to press was impressive, that figure is expected to climb further in coming days and weeks as sales are finalised.More from news02:37International architect Desmond Brooks selling luxury beach villa20 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“We’re likely to see the momentum from this auction continue into the next month or so,” Mr Bell said.“We’re expecting to secure sales for a number of properties passed in over the weekend over the coming weeks.” Bidding frenzy. Picture Mike BatterhamThe highest price paid under the hammer yesterday was $1.4 million for 360 acres at 126 Blacks Rd, Kingsholme.However a Xanadu North penthouse at Main Beach sold for more than $5 million ahead of The Event.There were also some great buys for eagle-eyed bargain hunters, with a Southport unit snapped up for a mere $132,000. Pictured at the RACV Royal Pines Resort for the Ray White’s The Event, mega auction. Picture Mike BatterhamMrs Parzatka has bought property through auction before, but said The Event was the largest of its kind and that she would recommend it to other buyers.“It is a bit scary … you just have to be careful not to get caught up in the action,” she said. Auctioneer Andrew Bell in action. Picture Mike BatterhamRay White Surfers Paradise Group CEO Andrew Bell said the success of the auction showed confidence in the Gold Coast economy remained strong.“The strong contingent of local buyers was the big surprise of the day,” Mr Bell said.“The other was the strength of bidding for properties around the $1 million to $1.5 million mark.“Together they are an indicator of the strength of the local economy and the confidence of local buyers in their home market.“The other notable trend is the return of the holiday home market, particularly from Sydney.”last_img read more

This modern Kallangur townhouse was great vaule for money

first_img37/34 Duffield Road, KallangurShe said one and two-bedroom townhouses and units in the area were ideal for buyers with a low budget.“It’s not everyone’s cup of tea because of the size (but) they’re a good little investment as well,” Mrs Burke said.She said it was rare that they sold for less than $300,000 but there were still bargains to be found like the Duffield Rd property.According to the latest CoreLogic market trends data, the median sale price for an apartment in Kallangur was $290,000. 37/34 Duffield Road, KallangurA MODERN one-bedroom townhouse in Kallangur has sold for $180,000.David Deane Real Estate sales consultant Lee-Ann Burke said smaller properties were often difficult to sell but the one at 37/34 Duffield Rd was snapped up a month after being listed on the market.It was the cheapest sale in the Moreton Realestate area within the past two weeks.Mrs Burke said it sold for such a low price because it was only a one-bedroom home.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019However, she said the location was ideal, with public transport and shops close by.“It’s a cracker location,” Mrs Burke said.last_img read more