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Investors Expected To Arrive At The Biggest Auction In Gold Coast

A hassle-free experience is guaranteed if you work with marquee hire in Melbourne on your real estate event. It is common for real estate events like auctions to be attended by a large number of people. The event requires products and services as well as lots of attention to detail to ensure its success.

The biggest auction event will be held in the Gold Coast of Australia this year. Up to $40 million worth of property is expected to change hands within a single day next week. Investors and potential migrants will all be heading towards Queensland to be able to bid on the auction event.

A significant part of the crowd is expected to come from Sydney and Melbourne because they want to capitalize on the Gold Coast’s thriving market. Ray White Surfers Paradise organizes the yearly event where it routinely auctions more than 100 properties within a day.

According to chief executive Andrew Bell, most of the interest is coming from out of town. More than 50% of the people who arrive for open homes come from Sydney. Most of them are investors who are looking for a property to rent out. Most of them want to move out from the NSW capital because it is expensive.

People now prefer the Gold Coast to Sydney because it is a viable relocation destination. There are high paying jobs because the city has diversified. The economy of Gold Coast has become very broad-based, a change from years ago when the economy was dependent on service and retail.

According to Mr. Bell, the numbers are a little bit shy of last January’s record of 135 properties up for auction because the market has tightened. There is high demand but properties are not being replaced as much as they are being purchased.

Real estate events are not the only events that are supported by marquee hire in Melbourne because they have the resources and expert staff for parties, weddings and other gatherings. There are different sizes of marquees that can be hired, catering equipment, tables and chairs, lighting systems, complete dining settings, disposable items, table linens and décor.

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