The sales rates were particularly high at Barfoot & Thompson's Manukau and West Auckland auctions, not so strong on the North Shore

TTP I agree.
Success figures being slightly down are quite possibly a reflection of an initial reaction to the Convid-19 virus. A couple of posters on this site have already commented that having been on the verge of buying, they are now holding off and waiting.
The interest.co auction figures will be particularly valuable - and probably the best source of data - to get an early indication of what impact the virus is having on the market.
However, I feel that at the moment the extent (range, level of incidence and duration) of the virus and its economic implications is still unfolding.

“Market remains active enough ...” who cares about market activity in real estate. The houses have been built and are housing people so their purpose is being served. Who cares if they are being bought and sold.

Bring out the Banhammer! This one's clearly a Doom and Gloom Merchant!

Do not blame on the coronavirus what was already coming to the real estate market...

Non sense! - Even as we speak after last time JK/ANZ visit to CCP direct? - the money flow is directed via online, in clever way. Wealth is undermining Health, not being sarcastic here, just reality.. keep your health by being at home, and do the online bid/purchase to increase the main goal in life Wealth. So stop scare mongering please, just make sure when you somehow need to pay certain expensive cancer drugs. Be Very Away from talking about your wealth, trust me you want to be in the 'tax payers subsidy band wagon' - after all you pay more through your wealth ay? .. make sure you go by public transport, and try to look poor during the check up. - By the way, like the current recent modified TV ads of Chinese ballet Shen Yun, after the Covid19? it's clearly stated made in New York cannot be seen in China. So? do the same for the South East AKL RE - Chinese owned but managed locally never been occupied by the owner... damn ouchy its xenophobes.

Hi xingmowang,

If you're that anxious, go purchase funeral insurance.

TTP

xingmowang
You are probably too young to remember a novel and film called "Soylent Green".
You would really love it - in a world short of food, old people were euthanised, and processed into a high protein food (called Solyent Green) for the younger generation. You would definitely love it. ;)

As much as I don't subscribe to xings comments, based on infected cases overseas he raises a valid point. Old people are in the majority that are not surviving. Its will be no surprise that old people (boomer or older) are the ones that own a good chunk on NZ. If the impact follows overseas trends it could lead to more estate disposal type sales. See what happens.

Equally Financial pressure of a stalled China could force Xings colleagues from the home country to sell their Awk houses for cash flow. And yes energy consumption and reduced pollution via satellite observation tell us that China is indeed stalled, contry to CCP reporting. Perhaps central Banks will step up and spay money everywhere as been the case in recent times, in which case they can keep calm and carry on, if they don't die or starve. Again...see what happens.

All the above is only an issue if you are heavily leverage, or get sick and die. Action....update your will, and reduce debt. Good advise in any case.

Yaaay.. let's rejoice! - plenty of those Chinese young family that we've met in Flat Bush area, just renting from their overlord in China. Those young couple/family spoke fluent Chinese, house painter, car groomer, folkliv driver, elektician, chef, cleaner ex. bottling company or ex Fnp/Haier employee instead of care taker, now they can own it - Give money to boomer to be invited, eradicate them, then just simply replace with the new young generation marching forward with guidance from strong dear leader - wait, where did I've seen this b-grade movie?

It's a 'unique' system for the agents.

Make more money, quicker, easier, stuff everyone else.

Take all the properties that have unconditional offers on them each week, throw them in the auction mix and come auction day go "oops sold prior". One way to pad the numbers out, as the auction rates tend to draw headlines.

that's if you believe that story,
they have not found the animal yet it came from

Ozzy indeed has indeed a lot to be responsible for.

As someone who is currently house hunting the available stock is woeful...

Anything decent you would need to give a pre-auction offer and flight over each other on the brought-forward auction.

Indeed. Listings in Auckland are falling on RE NZ
And total listing is down 30% compared to a year ago.
A healthy market.
Stock up 13% in 5 years and sales lower than in 2009.
Brilliant.

I wouldn't go to a large crowd gathering like auction room.. it'll be like a Petri dish!