Sight unseen purchases assists Ray White's weekend Gold Coast auction 58% clearance rate
A 58% clearance rate was secured from the 145 offerings at the weekend’s Ray White Gold Coast auctions.
Some 55% of the listings were sold in early estimates. It was reportedly a record clearance rate.
The joint chief executive of Ray White Queensland Peter Camphin described the investor market interest as strong.“There were a significant number of Victorians, for instance, who purchased,” Mr Camphin said.
“It’s clear there was a lot of interest as well as caution on price," he added.
Mr Camphin said a number of units were sold to people who hadn’t seen them.
The listings included a presumed record of 35 mortgagee offerings.
It was the Ray White Surfers Paradise group’s 19th annual event.
Michael Willems sold 21 of his 25 listings.