Newspaper article The Northern Star (Lismore, Australia)

Red Hot Sales at New Year Auction

Newspaper article The Northern Star (Lismore, Australia)

Red Hot Sales at New Year Auction

Article excerpt

LOCAL real estate agency LJ Hooker has described its recent New Year Red Carpet Auction as "one of the best auctions of the decade".

Held last Thursday at the Ballina RSL Club, the auction attracted more than 30 registered bidders and saw 11 of the 17 local properties being offered sold prior to or under the hammer on the night.

LJ Hooker Ballina principal Michael Shay said many properties sold well above expectations, the standout sale of the evening being the sale of a Lennox Head property near the roundabout for $2.4million.

Also attracting some excellent bidding was a top floor unit in Ballina's Dockside complex in Cherry St, which sold for $915,000.

Properties up for sale on the evening included home sites, acreage, apartment and houses.

Distinct from an on-site auction, LJ Hooker's red carpet auctions present several properties for auction in a single event.

Both buyers and sellers can benefit, according to the agency.

"Buyers enjoy the convenience of attending multiple property auctions at the one time. …

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