Next Auction scheduled for Thursday 16 November, 2017.
Set against a background of increased mining output and large infrastructure projects coming online Euro Auctions is finalising arrangements for its next ‘one-day’ Brisbane auction on Thursday 16th November 2017 that will see around 700 lots go under the hammer at its Pinkenba near Brisbane, Queensland site.
Following the slow up in demand from China, Australia is again showing signs that the mining industry is in a state of regeneration. The demand for iron ore and coal is accelerating and as such the need for heavy earth moving and mining machinery is set to rocket.
Added to this large infrastructure projects in Sydney where housing and utilities are being developed, in addition to developments on the Gold Coast and in Brisbane collectively totalling in excess of $6 billion is driving demand for a diverse range of machinery and equipment. Queens Wharf in Brisbane sees a revamp of the waterfront with new casinos and hospitality infrastructure, whilst on the Gold Coast a $3 billion project will deliver a world-class waterfront destination that provides an immediate and ongoing economic boost.
To fuel the expected economic boom and extraction projects Australia will need mining equipment and heavy excavation machinery, as well as bulldozers, large dump trucks, excavators in the 10 to 30 tonne range, Telehandler, backhoes and smaller dumpers and diggers.
“Our ‘no reserve’ auctions are now firmly established as an excellent platform for selling and buying all manner of quality used and sometimes even brand new equipment,” explained Joe Rafferty, Euro Auctions’ Country Manager for Australia. “With no indigenous manufacturing, Australia is totally reliant on machinery imports and retains its preference for high-end International brands. With marques like Caterpillar and Komatsu being much sought after and with new equipment commanding a premium, demand for used equipment remains consistently high and prices are strong.”
Therefore of particular note in the upcoming November auction are a number there is also a choice of 2017 Doosan DX225LC excavators and these are expected to attract considerable interest from bidders and achieve high final bids. Added to this is a selection of Barford Radial wheeled stockpilers that are brand new and have never been used.
Continuing, Rafferty explained “We have a great range of all types of equipment with everything from a crane, telehandlers, dozers, dumpers, trucks and rollers down to smaller items such as compressors, generators, garage equipment and tools. We have something for everyone.”
Further details for this event are available on the Euro Auctions website at www.euroauctions.com. Individuals must register to attend or participate in the auction. Registrations to attend the event are now being received and bidders can signing up to Euro Auctions’ Free Internet Bidding Service or place a Pre‑Bid.