If your idea of fun is letting your lizard brain take control of your finances because you’re surrounded by stress and excitement hormones whipped up by an entirely manufactured social phenomenon designed specifically to get you to part with much bigger sums of money than you would in any other case, then get ready to feel some hectic FOMO!
Yesterday saw the Gold Coast host one of Australia‘s biggest ever auction days, with Ray White Real Estate‘s cultishly-named The Event. Two thousand people dutifully trooped into the Gold Coast Turf Club on Sunday morning to watch 333 giddy, disposable-incomed locals bid on 135 properties.
Places sold include a $3.5 million riverfront mansion, a houseboat (!!), and a $312,000 unit, which was bought by a couple who asked not to be named because they hadn’t even told their mates that they were moving to the GC yet. They told the media:
“We started looking for properties at 9am yesterday. I can’t believe it … within 48 hours we found a place to live.“
The aforementioned houseboat went for more than $600,000, and came complete with four bedrooms, a spa, and room for a jet ski. Your houseboat’s looking pretty shabby in comparison now, huh?
Only 50% of the properties had sold by Sunday afternoon, but real estate experts at the event are still insisting that 2017 is going to be a “strong” year for the market, whatever the hell that means. At this point in my life, I’ve so thoroughly given up on ever owning my own property that anything to do with real estate feels about as easy to relate to as the lives of those lipstick worms that live around 1000C thermal vents on the ocean floor.
The state of the market, as relevant to you.
Source and image: Domain.
