HOUSE hunters are out in force and keen to buy with the Gold Coast’s auction season in full swing.
Traditionally January is the city’s busiest auction period with several agencies holding events throughout the month, and even into February.
This year prospective buyers are being urged to come prepared as fewer properties were listed on the market, which lead to increased demand.
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Ray White Surfers Paradise Group chief executive Andrew Bell said southern buyers and local downsizers would continue to dominate the Coast market.
“However, the biggest issue at the moment is a shortage of listings, which reflects the level of demand we are currently experiencing,” he said.
“Buyers are always out in force on the Gold Coast in January when holidays are in full swing as inquiries are on average more than 50 per cent above any other month.
“This summer, the timing couldn’t be better for our market as interstate tourism numbers continue to rise amid market conditions shaping up to be the best that we have seen for quite some time.”
More than 100 properties will go under the hammer at Ray White Surfers Paradise Group’s in-room auctions The Event, which is the biggest on the Coast, on January 25.
More than 2000 people attended last year’s event, which offered 95 properties to the market, with 230 registered bidders.
More than $19 million worth of sales were recorded on the day.
Other agencies that will hold auction events across the Coast include Professionals John Henderson Real Estate (January 21), Amir Prestige Property Agents (January 23) and Lucy Cole Prestige Properties (January 24).