Gold Coast has lion's share of auctions this week as Ray White and others hold mega auction

More than half the property auctions scheduled for this week are in Queensland, with the vast majority to be held outside of Brisbane, especially on the Gold Coast.

Several Gold Coast estate agencies will hold mega auctions this week, with multiple properties going to auction in a single day. The trend began with Ray White and has expanded to other agencies. 

Ray White Surfers Paradise is preparing for its 20th annual summer auction, dubbed The Event – which is now spread over three days, January 27, 30 and 31.

As one of Australia’s largest auctions, The Event will bring more than 100 residential, prestige, industrial and commercial properties as well as land sites and even boats go to auction.

Professionals Broadbeach, Ray White Broadbeach and Professionals Paradise Point all have auctions on January 24, which would explain Queensland's mid-week auction boom.