Auction year opens at Gold Coast event, signals ‘bumpy’ market ahead

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Auction year opens at Gold Coast event, signals ‘bumpy’ market ahead
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Australia’s property market is off to a slow start after buyer nerves were on display at Australia’s biggest auction event, held on the Gold Coast over the weekend.

The property market’s continued correction was on display in real time at Ray White’s annual The Event auction extravaganza on the Gold Coast, with buyers demonstrating a high degree of caution.

“Last year people were throwing money, but it’s changed a lot this year. Buying interest is there, but now there’s a question mark of what’s happening,” Mr Bell said. Although happy with the result, the upsizing Mr Thomas conceded his timing was a little out. “Look if I’d sold 18 months ago, the house could have sold for another 10 per cent,” he said.

This Coomera Waters property, which sold on Sunday, features a heated swimming pool, media room and fire pit.

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