Real Estate
28 May, 2025
Giant property auction
THE biggest property auction in Cairns resulted in 22 sales from 35 homes going under the hammer last Monday night.
Ray White hosted the city’s biggest property auction, involving 35 homes from budget dwellings to luxury listings.
The auction at the Pullman International hotel drew over 150 buyers and sellers ready to get their paddles out and give their best bids for the 35 listings across Cairns, the northern beaches and even Goldsborough. It was led by Ray White Queensland’s chief auctioneer Gavin Croft, who kept the bidding running smoothly.
The night was a success, delivering a 62.8 per cent clearance rate with 22 out of 35 properties sold – 18 under the hammer, four sold under contract after the auction and the remainder still under negotiations.
Properties like 51 Mazlin St in Edge Hill sold under the hammer for $600,000, 4 Torazzi Place in Mooroobool sold post-auction for $850,000 and 39 Pilosa Street, Redlynch sold under the hammer for $700,000 – some of the most successful sales of the night.
Ray White Cairns sales director David Murphy said the results of the auction showed a lot of confidence in the Cairns market.
“Multiple properties sold well above reserve, with one achieving $120,000 above and another $95,000 above. An unbelievable showcase of the strength and confidence in the Cairns market,” he said.“We anticipate an 80-90 per cent clearance rate within seven-14 days.
“We have three of these gala auction events a year, and this one is the biggest we’ve had and it’s getting bigger and bigger. The very first we had 22 go under the hammer, then we had 27, now 35 and the goal for the next auction is to get 50 under the handle.”
First home buyers Jordan Monk and Kai Iso-Aho from Smithfield were trying their luck as bidders for the first time for a property in Trinity Beach.
“You’ve got to be in it to win it, so we want to give it a go,” they said.
Whitfield residents Kristy and David (surname withheld) were interested in lot number two, a small house on Nolan St.
“We’re right next door to that house, it doesn’t have a kitchen, but I’m a carpenter so I’d like to fix it and renovate it,” he said.
The couple ended up bidding $485,000 for the house but they were outbid by another couple at $495,000.
Mr Murphy encouraged sellers to prepare for their next auction event in July. “No one in Cairns holds events like this, we’re leading the market in this space for Cairns,” he said.
