Most of the auction action for Bayleys happened in Auckland last week, with 40 properties throughout the region going under the hammer.
The properties in Auckland's southern fringe around Pukekohe and Papatoetoe proved particularly popular, with most of them selling under the hammer.
Prices started at $625,000 for a three bedroom home in Conifer Grove.
Elsewhere in the region a five year old brick and tile house with four bedrooms at Massey in west Auckland sold for $868,000, a two bedroom brick and tile unit at Hillcrest on the North Shore went for $730,000 and a five bedroom house on a 900 square metre section at Dannemora in the eastern suburbs fetched $1.28 million.
There was also a couple of properties sold at Bayleys' Hamilton auction room, including a house on an 8.08 hectare lifestyle block at Matamata sold for $485,000.
To see the full results of Bayleys' auctions last week, with photos and details of all properties including those that didn't sell, hover your cursor over the Property tab located just under the banner near the top of this page, and click on "Auction/Sales Results" from the drop down menu.
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6 Comments
Don't put too much weight into US based think tanks unless you are confident in their source of funding. That said the default rate on mortgages is not something I have access to. There have been a number of defaults that have been reported but still withing tolerable limits as far as I can see.
You can only be sure of a crash when it's underway and people are panicking.
I can tell you that here in Brisbane there are a monumental number of new apartments just completed / being built / nearing completion. I've also noticed that lots of newly settled apartments are on the market and vendors are willing to take a haircut.
None of this suggests that a crash is imminent but it's certainly a possibility. I think the epicenter of an Australian crash if it happened would probably be Melbourne closely followed by Sydney.
Having been back to Auckland this weekend just been I can say the level of construction happening is nothing like Brisbane.
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