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You are here: Home / Articles / First Online Auction for Regional Australia Rural Real Estate

First Online Auction for Regional Australia Rural Real Estate

January 14, 2016 By editor

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To wrap up the end of 2015, Ray White Rural Forbes held an auction at the Forbes Services Memorial Club on the 16th December 2015. There were two attractive rural properties going up for auction on the day and this ensured that there was a great crowd in attendance. This auction created a number of firsts for the group at Ray White Rural, as it was the first online auction conducted in regional Australia by the Ray White group.

The results have been impressive as this online auction enabled prospective buyers and bidders to log onto their computers, smart phones and ipads to participate in the auction, or to simply view the proceedings online. Buyers can now bid from the comfort of their own home, and indeed, buyers from around the world are able to be involved. “Tingarra” Forbes sold under the hammer with a very happy vendor and a successful purchaser.

At the moment “Sunnyside” Grenfell, which was passed in on the day, is open for further negotiation. It was a great experience for the team at Ray White Rural Forbes and something that they will be involved in in the future as they take more properties to auction. Ian Simpson, Director said, “ he was pleased with the results on the day and added that he can see the online auctions becoming a regular feature of property sales in the future.”

Filed Under: Articles, General Interest

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