In a positive sign that buyers could be returning to the nation’s property markets, Ray White’s annual Surfers Paradise super auctions recorded healthy attendee numbers and clearance rates over the weekend.
The auction event reaped a total of $31 million in sales, only marginally less than 2008’s $32 million, The Australian Financial Review reported today.
Ray White Surfers Paradise chief executive Andrew Bell said 42 out of the 93 homes listed for auction over the weekend sold and many more were expected to be sold within the next few days.
“It was quite a statement that buyers are back and looking and buying if they think the market price is right,” he said.
“It was the first big test for the country and we came through with flying colours.”
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