Mega auction will see 13 homes go under the hammer
MULTI-property auctions are gathering momentum in Tweed.
Property buyers and sellers are out in force, with the Reserve Bank's record low official interest rate of 2.5% meaning properties are generally on the market for a shorter length of time.
Harcourts Murwillumbah principal Peter Reading said auctions were gaining popularity in the region.
"It's probably quite new to this area, but there have been other agencies around doing it for a while," he said.
"People were reluctant to auction, especially in Murwillumbah, because they thought they didn't really work, but they do work and usually lead to a shorter time on the market.
"It's certainly a style of selling that is starting to become more acceptable in this area."
Harcourts is hosting their own Gala Auction Night at Murwillumbah Services Club tonight, with 13 properties up for grabs.
"This is definitely our biggest auction ever," Mr Reading said.
"We're confident we'll get a few away and we have already sold one property.
"There is also interest on most of the properties."
Mr Reading said despite the club setting, bidding would not be relaxed and buyers would be determined to make a mark.
"I don't think they do hold off on bidding," he said.
"The auctions are designed to create interest and there's a whole range of properties available."
When asked for a personal favourite of the 13 properties Mr Reading couldn't go past 409 Kunghur Creek Road, Kunghur.
"There's an extremely beautiful house out at Kunghur," he said.
"It's a great setting with the dam at your front door."
Registrations for the Gala Auction, which features vacant land, residential houses, small acreage and luxury properties, start at 5pm, with the first auction commencing at 6pm.
The properties available are:
- 55 Glencoe Road, Murwillumbah (photo attached)
- 36B Waranga Crescent, Burringbar
- 2 Tombonda Road, Murwillumbah
- 22 Auro Court, Murwillumbah
- 1255 Urliup Road, Murwillumbah
- 156 Braeside Drive, Uki
- 89 Warwick Park Road, Pottsville
- 163 Bakers Road, Murwillumbah
- 409 Kunghur Creek Road, Kunghur
- 67 McLeod Street, Condong
- 9B Noble Road, Blue Knob
- 42 Hinchinbrook Road, Burringbar
- 790 Upper Burringbar Road, Burringbar