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Michael Andrews, CEO of Ray White Surfers Paradise Group, said: “In a real estate market where stock levels are down well over 30 per cent, we’re up some 35 per cent on bookings from the same time last year. That is the result of a huge drive by our team.

“It’s quite remarkable that we’ve actually bucked the trends,” he said. “But it’s really showing the enormous attraction this event has for sellers.”

Bookings for The Event, that will be marking 30 years in operation, are also still coming in.

“Our office officially closed only one day, on December 25, and apart from that it’s all action stations from our admin

to our marketing and sales team,” Mr Andrews said. “We’re truly thrilled to be able to provide such a wonderful array of properties to the market.”

From studios and one-bedroom apartments, to sky homes and penthouses; from amazing residential towers with extensive facilities and views, to small boutique apartment blocks; from $200K all the way up to the highest prices on the Gold Coast, The Event has a unit, townhouse, home, prestige property or commercial property for everyone.

Chairman of the Ray White Surfers Paradise Group Andrew Bell, who was the original founder of The Event concept, said he was thrilled to be marking the 30 th anniversary of this amazing event with such an incredible selection of Gold Coast properties.

“I’ve seen this event grow year after year and it’s reached such a stature that it now has an Australian trademark,”he said. “It is such a wonderful opportunity for buyers.

“We have such an excellent selection of Gold Coast properties. And we match it with an annual expo that provides a lot of auxiliary services to home buyers through an exhibition on the day of the auction.”

Mr Bell said The Event caters to all types of buyers. “We’re acknowledging that at this time of year there are so many people visiting the coast who want to take the opportunity to buy real estate, from the southern areas of the coast to the northern areas, the coast and out to the hinterland.”

Drawing on his decades of expertise in the industry, Mr Bell added: “The housing crisis that we hear about shows no signs of easing. The fundamental problem is that our population is growing by both immigration, which this year increased to 500,000 people, and migration of people from other parts of Australia. This results in continuous demand for Gold Coast properties.

“On the supply side, we’re simply not building enough properties. The result of that is that the number of properties that come to the market are well below the demand for new properties. Of course, that always means when demand is great the supply prices rise.”

The affordability of Gold Coast property compared to major cities continues to be a strong factor in migration to the coast, Mr Bell said. “Homebuyers’ dollar will certainly go further on the Gold Coast and that represents good value for those leaving capital cities.”

The Event – with so many properties available on one day in one location – combined with the exciting auction format is likely to enjoy its biggest turnout ever in 2024.

WHAT: The Event

WHEN: January 28, 2024. Auctions kick off 10am

WHERE: Royal Pines Resort Benowa

To learn more, go to www.theauctionevent.com.au


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