Menu
Property

Auction revival defies slump says PRD

BUYERS are snapping up property at residential auctions in Coffs Harbour, defying the housing market slump and heralding 'an auction revival'.

Last month, PRDnationwide Coffs Harbour offered six properties for auction.

Two sold under the hammer and one sold the following day.

Principal Damien Campbell said more than 100 people turned up for the auction following an intensive marketing campaign.

“I certainly believe the interest generated by the campaign enabled our extremely happy vendors to achieve excellent prices for their homes in a relatively short space of time,” Mr Campbell said.

PRDnationwide auctioneer Paul Cavanagh said big crowds and strong bidding pointed to an auction revival.

“Clearance rates are increasing, particularly in near to water locations,” Mr Cavanagh said.

“Increasing numbers of bidders are registering and sales not made 'under the hammer' are occurring in the immediate post auction period.”

Mr Cavanagh said buyers are coming from across the board, including ex-pats from the Middle East through to rural folks looking for beach property, to retirees and first home buyers.



Regions declared big winners in SCU funding deal

ALL SMILES: Professor Shoemaker is thrilled by the deal struck with the Federal Government.

Funding deal puts Allied Health campus in Coffs back on track

Swimmer missing at Valla while others rescued along Coast

An IRB is searching the waters at Valla Beach for a missing swimmer.

Search for missing man caught in Valla rip will start again at 6am.

Axemen start season with bang in 9s

The Hoey Moey Tooheys Coffs Coast 9s final at Geoff King Motors Park was played between Group 2 rivals the Coffs Harbour Comets and the Orara Valley Axemen who won 12-10. Nines rugby league 17 February 2018 Photo: Brad Greenshields/Coffs Coast Advocate

Promised improvement more than just empty words after Coffs Coast 9s

Local Partners

The millionaire real estate mogul who rents

Luis D Ortiz, the real estate genius who made millions in New York, then walked away, is on his way to Australia.

The millionaire real estate mogul who prefers to rent

Coffee king forks out $6.5m for Queensland home

Philip and Gianna Di Bella now have a new New Farm at home. Picture: Annette Dew.

Phillip Di Bella has forked out $6.5 million for a New Farm home

Rare look inside ghostly abandoned casino

Photojournalist Jakub Kyncl managed to get inside Romania’s creepy old Constanta Casino. Picture: Jakub Kyncl

The haunting remains of Romania’s grandest casino

REVEALED: Rental numbers rise at the start of the year

RENTAL RISE: The number of residential rentals available in Coffs Harbour rose marginally since the end of 2017.

Coffs records marginal rise in number of rentals