“However, next year’s program will be even more important from an investor’s perspective, especially with changes to property rules expected under a potential new government.“We know from history that elections tend to distract the market anyway, but this time around there is the added uncertainty over the future of negative gearing on established properties should Labor win the election.“Combined with the interest we are expecting from our traditional visitors to the Coast, this provides a compelling reason for many property owners to sell in January.“We have no doubt that investors who depend on the negative gearing rules that exist today also will be looking closely at established properties. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham Ray White Surfers Paradise CEO Andrew Bell in action at The Event earlier this year. Picture Mike BatterhamONE of the Gold Coast’s biggest real estate agencies is gearing up for its flagship residential auction event.Ray White Surfers Paradise Group’s annual auction program The Event, on January 28, is set to cap off the busy Australia Day long weekend on the Gold Coast.“We’ve taken a different approach to The Event next year for a number of reasons,” said Ray White Surfers Paradise CEO Andrew Bell.“As always, sellers will still be taking advantage of the peak holiday season on Gold Coast,” he said. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham“January remains our best month for tourism, and with more accommodation coming onto the market we’re expecting record numbers again next year accompanied by another strong buying season.“We’re holding The Event on a Monday for the first time, taking advantage of the full long weekend to give prospective buyers more time to view properties ahead of the auction.”This year’s The Event attracted a crowd of about 1000 people, including more than 170 registered bidders who collectively spent more than $35 million on property.Mr Bell said while the 2019 auction program was being finalised over the next two weeks, he was confident of delivering an array of Gold Coast properties to buyers through The Event 2019 program.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“The Australia Day long weekend will be the prime time for buyers to stake their claim on their piece of Gold Coast real estate,” Mr Bell said.“Inquiries traditionally are up 60 per cent during January and we’re expecting next year to be no different. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham“We’re expecting more buyers to take advantage of the proposed grandfathering provisionsfor negative gearing of established properties ahead of any official changes to theregulations.”The Event, run in conjunction with the Gold Coast Home & Living Expo, is being held at RACV Royal Pines Resort on January 28, 2019.
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