More than $13 million worth of property changed hands at Ray White’s Auction Spectacular on the Gold Coast. Auctioneer Mitch Peereboom. Photo by Richard Gosling

MORE than $13 million worth of Gold Coast property changed hands at Ray White’s Auction Spectacular, held at Main Beach over the weekend.

A crowd of about 300 people packed into a room at the Sheraton Grand Mirage for the Sunday event, which was the culmination of a marketing campaign by Ray White to leverage off the Commonwealth Games.

The crowd at Sheraton Grand Mirage. Photo by Richard Gosling

Among the sales was a block of land in Southport that fetched $1.46 million and a five-bedroom home on the Sovereign Islands that sold just ahead of its auction slot to a Sydney buyer for $3.93 million.

There were 60 registrations and 200 bids for 51 properties ranging from prestige houses to entry-level units.

Lisa and Mick Rafferty bought a house at Currumbin Valley. Photo by Richard Gosling

After searching for more than two years Gold Coast couple Lisa and Mick Rafferty bought a four-bedroom home at Currumbin Valley for $900,000 under the hammer.

“We have been looking for about two and a half years in this area and we are so happy with this place, and it’s got a pool,” Mr Rafferty said.

“We are upsizing and need more space for our family.”

More than 50 properties went under the hammer. Photo by Richard Gosling

Ray White Queensland CEO Tony Warland said more than 25 per cent of the properties cleared on the day, with the rest in negotiation with buyers and likely to sell in coming days.

“We are delighted not only by the amount of sales today and prior but with the amount of property still being negotiated,” Mr Warland said.

“Buyers have more faith in a property’s value when other people are looking to buy it too and there was more than 200 bids today on these properties.”

Auctioneer Jason Andrew in action. Photo by Richard Gosling

Mr Warland said Ray White ran a huge marketing exercise during the Commonwealth Games.

“We made it our focus to enhance our owner’s properties to increase exposure for them during this period and the real success is now the market is re-emerging after the Commonwealth Games,” he said.

Ray White Queensland chief auctioneer Mitch Peereboom said the auction event highlighted that buyers see long-term value in the Gold Coast.

Auctioneer Mitch Peereboom. Photo by Richard Gosling

“The eyes of the world has firmly been on the Gold Coast in recent weeks with the Commonwealth Games and this auction event confirmed there is still a strong demand in this buoyant market,” Mr Peereboom said.

“The diversity of property highlighted buyer interest for properties from $200,000 to multimillion-dollar waterfront homes.”

Top Sellers

15 Queen Anne Court, Sovereign Islands — $3.930 million

45 Cotlew Street, Southport — $1.46 million

4/183 Currumburra Rd, Ashmore — $1.140 million

60 Pebble Beach Drive, Runaway Bay — $1.070 million

13 Port Drive, Mermaid Waters — $917,750

11a Joanne Court, Currumbin Valley — $900,000