Picture proved property market is insane

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Real estate agents were left shocked yesterday after hundreds of people flocked to a house auction in Burleigh Heads, dubbed the “biggest on site auction ever on the Gold Coast”.

Footage posted to social media shows just how busy the auction was with people crowded in the kitchen area listening in.for Australians and international buyers eager to flea pandemic hot spots.

Agent Conal Martin told us, “When the southerners came out of their first lockdown we had more enquiries in six months than the previous 17 years from down south. When Victoria went into lock down this week, the enquiry picked up again the day they went into lockdown.”The house named ‘The Palms’ has four bedrooms, three bathrooms and space for four cars. It comes fully furnished and is not far from Burleigh Beach.

There were six potential buyers in the room and on the phone. Interest was narrowed down to two potential buyers and after negotiations between the buyers and seller – the property was sold for $3.75m.Source:Supplied The Gold Coast was the most searched region of 2020, with most interest coming from New Zealand, the US and the UK. Closer to home, Australians are reaping the benefits or remote working and looking to make a sea change.

Busy auctions with eye-watering sales have driven record property growth right across the area. The median house price in the Gold Coast is now $749,950, following a 15.4 per cent annual jump. The record for Queensland’s most expensive home sale was broken during the financial year when a waterfront Gold Coast mansion fetched a huge $27 million.

 

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Wow, close to prices in Sydney these day

Too funny. 'one of the top picks for Australians and international buyers eager to flea pandemic hot spots.' Or flee.

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