The prices of home sold at Bayleys Auckland auctions this week ranged from $477,000 to $3.11 million with only two properties selling for less than $800,000.
The cheapest property was a two bedroom apartment (pictured right) in the Prince Albert, a character building on Albert St just around the corner from Sky City in the CBD. It featured high stud ceilings, large windows and a small balcony off one of the bedrooms and sold for $477,000.
The next cheapest was a traditional two bedroom, brick and tile home unit with a carport on the St Heliers/Glen Innes border, which went for $608,000.
The most expensive home sold at Bayleys auctions last week was also located in St Heliers, a five bedroom, solid masonry house overlooking Glover Park with expansive urban views towards the CBD. It sold for $3.11 million.
Around the rest of the region you could have picked up a 1970s, three bedroom, Castor Bay house described as a "great do up" for $950,000, a three bedroom brick and tile home in Howick for $970,000 or an "original character" villa in Grey Lynn for $1.35 million.
To see photos and details of all the homes offered for sale at the auctions, including those that didn't sell, click on this link.
The home unit pictured below sold for $608,000.
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2 Comments
April Fools Day....again..April 2nd
I think some have hedged their bets...only a mere 3.11mill...small beer to these rich gamblers.
Well marginally.!?....cashed up...or cashed out,...we shall see....
Wonder who is betting on the House. Cos as we all know...cannot lose with Houses.
Maybe we have all been Shanghaid....no, cannot possibly...no, no I tell you.
That would be what...is the words for it...importing debt. Yaun...Yaun.
.http://www.bloomberg.com/news/articles/2015-04-02/shanghai-traders-make…
Read David's other article on the gyrations of the RBNZ where it is flopping around worrying how to manage local debt and interest only loans
Green Light for RBNZ action
http://www.interest.co.nz/opinion/74827/heightened-activity-and-strong-…-
Meanwhile the RBNZ either cannot or will not tell you how much of Auckland property transactions for the last 12 months were "not" financed by local onshore finance
While the RBNZ can command the banks to divulge what they are doing, how much are LVR's, how much are interest-only loans, Capital Ratios, etc, etc, they have no jurisdiction over the Real Estate industry and its business activities and where the money comes from
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