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Over $23mil of real estate sold in massive four-week LJ Hooker auction campaign

On Mar 24 2016


In a huge auction campaign, spanning just four weeks, 12 northern beaches LJ Hooker offices sold ...

In a huge auction campaign, spanning just four weeks, 12 northern beaches LJ Hooker offices sold over $23 million in real estate, cementing the cohort as the dominant brand in the sought-after area.

The campaign, which accumulated in the Northern Beaches ADvantage Auction night last Wednesday, saw over 1,000 buyers attend 232 open homes conducted by the 12 participating offices, including; Freshwater, Narrabeen, Palm Beach, Dee Why, Avalon, Newport, Collaroy, Manly, Seaforth, Balgowlah, Mona Vale and Frenchs Forrest.

 

On the night over 150 people turned out to Col Crawford BMW in Brookvale to bid on the impressive line-up of property, with a 70.3% clearance rate.

 

 

Amongst notable auction results was:

-       24/30 Moore Road, Freshwater offered by Cranston Schwarz of LJ Hooker Freshwater that sold for $90,000 over reserve for $790,000.

-       12 Princes Street, Newport, which sold prior for $2,003,000 under the guidance of Lachlan Elder of LJ Hooker Mona Vale

-       While, 48 Woolgoolga Street, North Balgowlah sold under the hammer on the night for $1,490,000 - $40,000 over reserve marketed by Tess Mailman, sales agent at LJ Hooker Balgowlah.

 

NSW state manager at LJ Hooker, Ben Mitchell said this was the first time such a cohort of offices had banded together in the Northern Beaches.

 

“This network of offices is the market leaders in the area, selling 1 in 5 properties on the Northern Beaches,” Mr Mitchell said speaking at the event.

 

“This event further demonstrates the dominance of the network in the area and shows an auction campaign is the quickest and most efficient way to sell real estate in the current market with an impressive 70% auction clearance rate.”


A donated piece of Quorra Jewellery was also auctioned on the evening, selling for $1,500. All proceeds were donated to the Bear Cottage – the only children’s hospice in NSW that offers palliative care for children with life-limiting conditions.

 

“The Bear Cottage do amazing work for sick children and their families, and we feel privileged to be able to help in a small way to raise funds for such a worthy cause,” Mr Mitchell said.

 

“The lucky winning bidder walked away with a beautifully designed Quorra Jewellery piece.”

 

The vendor of 304 Whale Beach Road, Palm Beach, John Lamble was the winner of the $10,000 Flight Centre Travel voucher on the night (pictured).

 

 

A $5,000 and $3,000 Westfield gift voucher was also given out, and a lucky seller won a free home loan health check and $10,000 cash thanks to LJ Hooker Home Loans Northern Beaches.

 

“The night was a tremendous success,” Mr Mitchell said.

 

“ADvantage auction nights offer a rare opportunity for the best property in a particular area to be showcased drawing crowds of like-minded buyers. We endeavour to make this a regular occurrence in the Northern Beaches calendar.”

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