First published 25 Sep 2023, 4:42pm
More than 300 homes went under the hammer at a national auction event on Friday to help raise money for Beyond Blue, making more than $79 million in sales on the day.
Harcourts held its inaugural Blue Friday national auction event, where 325 homes went under the hammer at in-room and onsite auctions across Brisbane, Tasmania, the Gold Coast, Sunshine Coast, Adelaide, Perth, and Sydney.
The national auction event sold more than $79.33 million worth of property on the day and raised more than $80,000 for mental health organisation Beyond Blue.
There were hundreds of registered bidders for the national event, creating one of the strongest auction room floors seen in the past few years, according to Harcourts Australia chief executive Adrian Knowles.
"[The event] was just another indication of the shift in the market – good supply, high demand," he said.
“Our research told us that our huge leap of faith in our network to step up to the challenge of this massive one-day auction would pay off for them and their clients, and it did in spades – this was easily the strongest bidding I’ve seen from the floor in three years.”
The day got off to a strong start, with 17 out of 20 properties going to auction in the first hour selling under the hammer.
The five-bedroom home at 88 Vise Road, Buderim sold under the hammer for $3 million.
The biggest auction sale of the day was the five-bedroom, five-bathroom dream home at 88 Vise Rd, Buderim on the Sunshine Coast, which fetched $3 million under the hammer.
Situated on a 6,171sqm site, the Buderim property featured an in-ground pool and hot tub, wine cellar, home gym and more.
Harcourts Buderim principal Jarrad McCarthy said the properties that didn’t sell under the hammer were likely sell within days.
Also in Buderim, the peaceful and private four-bedroom home at 28 Elliot Dr sold for $1.17 million on the day.
More than 320 homes went under the hammer at Harcourts' Blue Friday auction event on Friday. Picture: Supplied.
Another major sale was the auction of 26-28 Verran St in Bellbird Park, where an exciting bidders battle drove the sale price to more than $1 million.
The successful auction event comes as this year's spring selling season looks set to be busy, with stronger conditions than at the start of the year.
"Sales volumes rebounded early in 2023 and remain strong, and prices have risen every month as limited stock on market has heightened demand," PropTrack director of economic research Cameron Kusher said.
"Even though borrowing costs have significantly increased, certainty around mortgage costs is likely to increase the willingness of buyers and sellers in this market, boosting activity."
Harcourts pledged to donate $100 from every property sold on Blue Friday to Beyond Blue, with a minimum of $50,000 guaranteed to be provided by the Harcourts Foundation.
“We’ve enjoyed offering support from the Harcourts Foundation in the past, but Blue Friday is taking it to the next level," Mr Knowles said.
Harcourts said the sale figures were preliminary and were expected to increase as more sales were confirmed.
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