The Property Industry Foundation (PIF) raised a total of $210,000 at its sell-out Annual Charity Ball recently. The funds will help build the next PIF house for homeless young people.

Sponsored by Ganellen, the 'Once Upon A Time In Shanghai' themed night saw close to 500 guests comprising of property and construction leaders come together at the Hilton Hotel in Sydney, to help raise funds for the home.

The shelter will be built in partnership with Parramatta City Council to house homeless young people under the care of Marist Youth Care.

Thanking the property and construction industry for their support in helping PIF raise awareness and funds for at-risk youth, Rosemary Smithson, National Chief Executive Officer of PIF said that they were able to successfully cross this year's target amount.

Guests at the charity ball participated in bidding for a variety of silent auction items throughout the night, including a priceless experience at Hidden Italy's Clinque Terre, an exclusive dining experience at the ARIA kitchen table and tickets to the Lord Mayor's New Year’s Eve party at the Sydney Opera House.

A number of hotly contested prizes were on offer for the live auctions, which raised $74,200 for the Foundation. These included a trip on Greg Paramor’s private train carriage on the Indian Pacific, an Ultimate Woolworths Experience, advertising space donated by Fairfax Media, a three course lunch on the luxury Kokomo II and a day on Andrew Wenhem’s Southern Excellence II Yacht.

Andrew Daddo was the Master of Ceremonies for the night with leading auctioneer David Scholes donating his time for the evening.

Last year's Annual Charity Ball raised $200,000, which provided funding for the Foundation’s charity building project with proceeds supporting housing and home-care for young people taking part in the Foundation's employment program ‘Rebuild a Young Life’ initiative.