Menu
News

Crowds expected for auction

Rainbow Bay Realty principal Lenny McLennan again presents a significant event in real estate at Twin Towns, pictured, on March 31.
Rainbow Bay Realty principal Lenny McLennan again presents a significant event in real estate at Twin Towns, pictured, on March 31. Blainey Woodham TWE170212realestate02

IT'S almost show time for real estate buyers and sellers.

Rainbow Bay Realty hosts its Showtime auction event for the second year, due to the inaugural event's success, on March 31.

RBR principal Lenny McLennan said during the 2011 event 65% of 30 properties auctioned were sold before, on the day or within 90 days afterward.

"There's a little bit of a difference this year," Mr McLennan said.

"Because of the interest rate cut in December we're experiencing more buyer interest."

Last year's event filled the entire RSL Anzac Room to the point in which extra seating was required, so it will in 2012 be held in the Visions Room's greater expanse.

"If you're a buyer in the marketplace, you're going to want to come to this," Mr McLennan said.

"Last year we had buyers negotiate for more than one property because if they couldn't get one they could get the other.

"There'll be a real mix of properties: units, acreages and houses at all price ranges.

"Some people who are really keen to sell might see a good opportunity here to sell their property in a short amount of time."

He gave an insider warning that, generally, the longer properties were on the market the lower their eventual selling price.

"The average time on the market for homes in the Tweed-Coolangatta is 161 days, which is not really great to be honest.

"Successful auctions during Showtime will mean a shorter time on the market, which is an advantage for any seller."

The advantage of this event for sellers will be the improved buyer interest, and the fact they will be competing to secure their desired home within a contained environment.

The advantage for buyers: a veritable smorgasbord of homes on offer at the right price for the savvy real estate player.

Showtime will be held at Twin Towns Services Club on the Saturday from 1pm (Qld).

Phone 07 5589 8688 for more information.

Topics:  auction coolangatta interest rates real estate tweed twin towns services club



Tweed Link is now available

The Tweed Link is now available in the Wednesday community edition of the Tweed Daily News.

Read everything in the Tweed Link here.

Surf warning continues for Tweed Coast

TAKE CARE: A lifeguard watches over surfers taking advantage of the massive swell at Snapper Rocks. While conditions are expected to subside this week, beachgoers are still urged to exercise caution.

Beaches were closed over the weekend due to swell.

Rings offer hope at treacherous Fingal headland

This all-terrain vehicle was funded for Fingal SLSC after its namesake, Ryan Martin, died at Fingal Head.

Flotation devices and more on the horizon for deadly headland

Local Partners