Sell with Confidence
Read More

Competition for Coast Property Remains at an all time high!

By Dan Sowden

With the first weekend of auctions for 2018 now behind us; the questions have been answered about how buyers would react in 2018. Would they come back as strongly as 2017 or did the winds change over the holiday break that may cause some buyers to shy away in the hope the market may cool?

Well with the 9 auctions conducted so far over the last 2 weekends, we can report that 6 were sold under the hammer with the average auction drawing 4 bidders ready to purchase on the day. It’s this average bidder number that is of interest and really does signal the depth of the buyer market. Already in 2018, the average bidder number has doubled that of 2017 an early indication that our market is set to strengthen through the year

Widely regarded as a sellers market, where sellers are benefiting through buyer competition. Our Ray White Network conducted 333 Auctions across the Sunshine Coast in 2017, selling 273 at a success rate of 90%.

There is no doubt that most properties listed are selling in this market; however the real story of the strength of the market is in the depth of buyers at our auctions. Already this month we have seen one largely unremarkable property in a beachside area sell well over the reserve price with 19 bidders competing at auction.

We anticipate that the market will continue to provide outstanding results for sellers as the year moves on; while still offering value for buyers who get in and secure something quickly.

Up to Date

Latest News

  • Important Updates to Queensland Rental Legislation

    You may have heard, there are new rental laws for Queensland that have been passed under residential tenancy legislation (RTRA Act). The rental law reforms were passed by Queensland Parliament and will commence in two stages. There are some laws that commenced upon assent on 6 June 2024 and others … Read more

    Read Full Post

  • Gavel came down hard on Sunshine Coast

    Ray White Maroochydore’s inaugural auction event held at The Altitude Nine Function Centre marked a significant achievement in the local real estate market, drawing an impressive gathering of more than 150 people plus almost 400 online market watchers. Demonstrating the strength of the property market, the event booked an outstanding … Read more

    Read Full Post