Port Douglas auction bonanza shows no signs of slowing down

Business Feature


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Ray White's Chief Auctioneer, Milo Rasinac, has over 7000 auctions to his name. Image: supplied
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With properties in extremely high demand and a housing shortage in the Shire, auctions are an increasingly attractive option for those wondering if they should sell their property now.

Last weekend saw five properties go under the Ray White hammer in less than 48 hours and according to Ray White Selling Principal, Mark Flinn, all sold with one house even going 25 percent above the reserve.

“We have five ecstatic vendors with these weekend results and all contribute the success to our professional marketing and personal service that we delivered for them across the auction campaigns. We also have five extremely happy buyers with three of the five properties selling to locals. This shows that locals are also on the move upgrading and downsizing in our beautiful area.” Flinn said.

This result is a suspected record for the most number of auctions to sell under the hammer in one campaign within the Douglas Shire.

“It was a collective team effort from all in the business and I am immensely proud of the team's commitment and what we have built together within our infancy period of owning the all new Ray White Port Douglas. We may be the new kids on the block but we have over 70 years of real estate experience between us. Having an auctioneer that has been involved in over 7000 auctions also gives us the capability to be able to offer something unprecedented in the local market.”

Flinn is convinced that after years of slow moving property, auctions are going to be a driving force in the market moving forward for Douglas Shire.

“We firmly believe this is the most transparent way for a buyer to purchase a property and the ideal way for a vendor to be able to truly feel that they have achieved the best possible price for their property within a short time frame.”

Last weekend shows the market is buoyant and buyers are extremely motivated.

“We are striving to achieve great results. The team has sold over 30 properties in the last 2 months but fewer properties are now on the market. This triggers buyer demand and competition with limited supply. The data doesn't show the market cooling off any time soon, buyers are gearing up to purchase when borders open with the opportunity to view properties in person,” Flinn said.

“We are set to present more exclusive properties to the market via the auctions process in the lead up to Christmas and over the Summer holidays. I recommend anyone that is thinking of selling to take advantage of our real time data, unique approach and free market appraisals while the market is hot.”


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