Forty-four homes going under the hammer at mega auction

Millions of dollars in real estate will change hands at a mega auction of 44 Brisbane and Gold Coast homes this afternoon, with 200 families already signed up to bid on them.

Sophie Foster

@SophieFoster

less than 2 min read

May 31, 2023 - 1:43PM

News Corp Australia Network

10 homes in a 54-strong auction extravaganza have sold prior.

Millions of dollars in real estate will change hands at a mega auction of 44 Brisbane and Gold Coast homes this afternoon, with 200 families already signed up as bidders.

Ten other homes that had been scheduled to also go to under the hammer at the auction extravaganza Wednesday have already sold prior to auction.

The auction extravaganza, which kicks off at 2pm, involves homes listed by Ray White Catanzariti Family Group, Ray White Tugun, Elanora and Ray White Sherwood, and Graceville offices.

A four-bedroom house at 6 Lenna Court, Mount Warren Park in Logan sold prior for $800,000.

66 Bridie Drive, Upper Coomera, sold prior to auction for $1,055,555.

MORE: See the latest PropTrack Home Price Index

Ray White Queensland chief auctioneer Gavin Croft confirmed 200 parties had registered beforehand to bid on 44 homes, with an Elanora home attracting a massive 19 bidders before the event.

“We’ve got 54 lots. At the moment we have just reached 200 registered bidders which is really exciting. Obviously a few have sold prior,” he said at midday Wednesday. “Fairly well priced property is particularly strong, a lot of that is price point driven. There’s that real balance of affordability but in that top end there’s still strength. There’s real depth in particularly that $1m to $1.5m (demand) for houses.”