$50m Worth of Gold Coast Real Estate to Go under the Hammer

The Gold Coast’s real estate calendar is set to open-up for 2024 when $50m worth of property goes under the hammer through an in-room auction event hosted by LJ Hooker Property Hub. 

Forty-five lots are planned for the January 31 event, spanning everything from two-bedroom apartments overlooking North Burleigh beach to contemporary waterfront family homes at Hope Island and rural lifestyle properties at the foot of the Gold Coast Hinterland. An additional 12 properties which were scheduled for the auction event have sold prior. 

LJ Hooker Property Hub Group Director Dave Manby said there has been a noticeable uptick in buyer interest in the New Year. 

“In December, we were getting three groups through open home inspections,” he said. “Since Christmas that turnout has doubled to six on the back of the pause in interest rates and inflation slowing down. 

“Sentiment has really turned around and we’re excited to bring together the buyer community on the Gold Coast for what’s a diverse showcase of city real estate.” 

On the back of the city’s peak tourist period, Mr Manby said beachside apartments in the sub-$1m market were attracting strong levels of enquiry. 

“Each year holidaymakers fall in love with the Gold Coast and then want to take a piece of it back with them,” he said. 

“But the hottest market segment is at the upper end. There’s a short supply of turnkey homes around the $1.5m price point and we’re expecting strong bidding activity for those lots in the order of sale.” 

One of the headlining properties expected to garner high-end buyer interest at the auction is an equine lifestyle address at 763 Tallebudgera Creek Road, Tallebudgera Valley. The property includes a five-bedroom home, creek frontage, an excellent equestrian arena and stabling across 1.46 hectares. 

LJ Hooker General Manager of Network Steve Mutton congratulated Mr Manby and his business partner Raymond Pienaar on the auction initiative. 

“Back in September and October, Dave and Ray identified the opportunity to capitalise on what’s the peak real estate selling period for the Gold Coast,” said Mr Mutton. 

“Across the LJ Hooker Property Hub’s offices, sellers have bought in to the vision and are set to benefit from the increasing competition in the market.”   

LJ Hooker Property Hub’s in-room auction event will commence at 6pm, Wednesday January 31, in the Anna Rose Room at the Robina TAFE Campus.