Momentum has been building for The Event on the Gold Coast, with six properties finding eager buyers well ahead of Saturday’s auction date.

More than 100 properties were initially listed for this year's program, ranging from one-bedroom apartments to luxury mansions, as well as major investment opportunities.

Ray White Surfers Paradise is responsible for hosting what Australia's largest in-house auction and has been fielding inquiries for the listings throughout the busy Gold Coast holiday period.

CEO Andrew Bell said the six sales achieved ahead of the January 25 auction highlight the underlying strength of the Gold Coast property market which has been buoyed by renewed urgency among interstate buyers.

“As a group we’ve had a very strong start to the year with 16 sales achieved across the board in the first week of January,” he said.

“Some of these sales have been struck well in excess of the asking price, in some cases 15 per cent above what the vendors expected.”

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B27 Rivage Royale at 2/75 Brighton Parade. Source: Ray White Surfers Paradise

Data from CoreLogic has revealed that dwelling values rose 4 per cent nationally over the December quarter – the largest gains in more than a decade - with Sydney outstripping the broader market as values surged 6.2 per cent over the last three months of 2019.

Mr Bell said the statistics augur well for The Event 2020 amid a general shortage of listing across the broader market.

“We’re sensing urgency among buyers from the southern states because they see value here amid significant price growth in their own markets,” he said.

“Some are selling their homes quicker than expected and that is having a positive knock-on effect on demand for Gold Coast properties among those looking to relocate.”

Among the properties listed on The Event 2020 program are:

• B27 Rivage Royale at 2/75 Brighton Parade, an expansive 367sqm apartment with four bedrooms, six bathrooms and four-car accommodation in one of the most sought-after luxury apartment developments in Southport;
• 6 Sea at 3531-3533 Main Beach Parade, a whole-floor luxury apartment at Main Beach with three bedrooms plus media room and uninterrupted views across the length of the Gold Coast foreshore;
• 7309 Bayside Close, Sanctuary Cove, an elegant three-level contemporary riverfront mansion set on an expansive 1228sqm site and featuring six bedrooms, nine bathrooms/washrooms and a 10-car garage;
• 10 Edinburgh Road, Benowa Waters, a Hamptons-inspired waterfront home with expansive water and skyline views and generous living spaces designed for entertaining.

The Event, which is held in conjunction with the Gold Coast Home & Living Expo, kicks off at 10am at the RACV Royal Pines Resort on Saturday, January 25.

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