Expert insightsBuyingSight unseen purchases assists Ray White's weekend Gold Coast auction 58% clearance rate
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.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
