Struggling Gold Coast Market to be Tested at Portfolio Auction
SOME 10 per cent of properties scheduled for auction on the Gold Coast on January 28 will be mortgagee in possession sales.
All up 150 properties will be auctioned at the Ray White Surfers Paradise auction weekend, now into its 18th year.
The portfolio campaign includes 20 per cent more properties than scheduled, and will expand to include luxury boats for the first time.
Values for Gold Coast properties have fallen 50 per cent since 2008, because of a fall in tourism, and the collapse of high profile projects.