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Properties in south Auckland were particularly popular with buyers at Bayleys' latest auctions

Property
Properties in south Auckland were particularly popular with buyers at Bayleys' latest auctions

There was no shortage of buyers at Bayleys' latest auctions in south Auckland where all of the properties offered up for auction found new owners.

These included a brick and tile house at Papatoetoe that sold for $800,000, another brick and tile house in Pukekohe that fetched $697,000, and a third brick and tile house up a right of way in Northpark that fetched exactly $1 million.

In Manurewa a family home described as a do up went for $630,000.

In the rest of the Auckland region there were sales in Green Bay, Mt Albert, Takapuna, Remuera and Epsom, and further down the line Bayleys' Matamata office was busy, selling four out of the five properties offered at their latest auction.

To see the full results of Bayleys' latest auctions, with details of all properties and the prices of those that sold under the hammer, hover your cursor over the Property tab just under the banner near the top of this page and select "Auction/Sales Results" form the drop down menu, or simply click on this link.

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14 Comments

Well there you go, no slow down at all.

Anyone who says otherwise was not at this auction.

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I can see quite a few 'passed in' properties on the link to the results page though?

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Hey Zac are you seeing a slow down up in Auckland?Hamilton getting a few more properties passed in but the ones that are selling are for good money.Do you think the 40% equity on investment homes will send more buyers down our way as they can't afford to invest in Auckland?Cheers

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I think Hamilton has been playing a bit of catch up as it was pretty stagnant for a while. I reckon people are afraid more drastic measures will be introduced if they don't tone the buying down a bit. They could buy with the 40% thing but generally everyone wants to see things at least get a little less hectic. Around me the houses are selling but there are not many for sale.

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I tell you what, just two mornings listening to commercial radio 8.30 to midday, and I was heartily sick of hearing the real estate agents advertising themselves over and over in insincere, unctuous, oily terms .......even offering the enticement of a commission return 'lottery'.....at least prostitutes are more honest with their ads offering 'stress' relief.
Talk about hounding us out of our homes.

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On a rough count over one third of the properties on offer were not sold.
A strange result in the light of a "housing crisis"
Maybe the stories that are appearing here and there that the market is slowing down are correct?

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It is slowing down.
But not because people don't want to buy houses anymore. It's because they can't get finance.

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It won't slow.

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I have just come from an open home and the agent told me that people were having real trouble getting finance. This was a lovely family house, the auction is on Thurs but he doesnt think there will be any serious buyers. Weird as this time last year they were queuing down the street. Very little for sale though so I don't think it will crash but I think prices will come down somewhat this spring.

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You're dreaming, it's about to go bananas.

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Why?

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Ron Fong Choy says so.

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;)

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Hi Buzby, would it be possible to share the property details?

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