100 bidders at auction
DESPITE tough economic times, PRD Nationwide's Saturday property auction at its Cannonvale office was nothing short of a big success.
In a sign of returning confidence to the real estate market, more than 100 bidders registered to take part in the auction with 19 properties up for auction.
There was also plenty of interest from non bidders with standing room only in the auction room for much of the morning's proceedings.
Of the 19 properties listed for auction and a further two that were added to the auction list, 13 were sold, totalling about $4.4 million of property changing hands.
The most expensive property to go was a block of land at Cape Gloucester, which went for $890,000 to a Bowen buyer.
PRD Nationwide Whitsunday Principal Christie Leet was happy with the result of the auction and said the majority of buyers were locals. “The auction went fantastically well and I think it's a strong sign of confidence in the marketplace,” he said.
“That was the biggest auction we've done and I think one of the reasons for our success is that we're happy to sell at market price.”
PRD's next auction is scheduled for September 5.