Buyers snap up property at Lucy Cole Prestige Properties auction event

first_imgPrincipal Lucy Cole said she believed the 2017 outlook for the Gold Coast property market was positive. Picture Mike BatterhamLUCY Cole Prestige Properties took a list of 15 properties to auction at the agency’s sixth annual alfresco auction on the weekend.Principal Lucy Cole said about 150 people including 40 registered bidders turned up to the event last Saturday where the team sold about $8 million worth of real estate.The agency sold six properties under the hammer including two above the $1 million mark.“There was a lot of spirited bidding on the day which was great to see,” Ms Cole said.“Two of the sales were above reserve which was also promising to see. We had another three that sold prior to auction and we have another four under negotiation now.” Auctioneer Scott Harman in action. Picture Mike BatterhamMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North11 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoMs Cole said there were a range of buyers including international, interstate and local.Among the sales was an apartment in The Waterford building at Main beach. The three-bedroom apartment, which has 360-degree views of the Coast, fetched $1.85 million under the hammer. The crowd wait for the hammer to fall. Picture Mike Batterham A crowd of about 150 took part in the auction event. Picture Mike Batterham Auctioneer Scott Harman engages with the crowd. Picture Mike BatterhamA four-bedroom waterfront house at 11 Riverbank Court, Ashmore, also sold for $1.4 million.Ms Cole said she believed the 2017 outlook for the Gold Coast property market was positive.“I think it’s looking very healthy — there’s a buzz in the air and it’s very exciting.“Buyers want to be involved in our marketplace.“They can see that we’re moving forward.”last_img read more