Auction rooms busy with more than 500 properties on offer

Property / news

More properties on offer at the latest auctions while the sales rate dipped very slightly to 35%

12th Apr 25, 6:00am by Greg Ninness

Auction rooms around the country were busy in the first week after the end of daylight saving, with interest.co.nz monitoring the auctions of 508 residential properties over the week, up from 445 the previous week.

Of the properties offered at auction, 176 were sold under the hammer, giving an overall sales rate of 35%.

That's down by the narrowest of margins from 36% to 37% over the previous few weeks.

Of the properties that sold, 37% achieved prices equal to or above their rating valuation.

Next week could be a bit quieter with the start of the school holidays and a short week due to the Easter break.

The table below shows the latest regional results from the auctions monitored by interest.co.nz.

Details of the individual properties offered for auction and the prices achieved for those that sold, are available on our Residential Auction Results page.

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32 Comments

by Houses Overpriced | 12th Apr 25, 6:26am 1744395988

Wow, Auckland getting close to the 20's..new milestone for the soggy housing market.. buyers looking forward to the new lowered CV's while rates jump?

by kraken | 12th Apr 25, 6:49am 1744397349

37%, 37%, 37%, 37%, 36%, 35%

OCR cuts, lower rates, and lower clearance

by DonKerrBab | 12th Apr 25, 8:08am 1744402087

Does anyone know how much it is for an auction campaign? I don’t understand why anyone would take the advice of an auction when you can see that you only have 1/3 of a chance of it being successful.

“Hey jump out of this plane. You have a 30% chance of surviving, go on that’s great odds!!”

by Nifty | 12th Apr 25, 8:15am 1744402502

Consider how many sell shortly after auction... with conditional offers etc.

by Zachary Smith | 12th Apr 25, 8:41am 1744404080

The cost of an "auction campaign" is the same as the cost of a "price my negotiation campaign" or cost of an "asking price campaign" except for the additional cost of an auctioneer which was around $1,000 the last time I did it. Auction campaigns transition to price campaigns without any extra significant cost so, you only gamble that auctioneer fee.

by Pa1nter | 12th Apr 25, 8:47am 1744404448

I don’t understand why anyone would take the advice of an auction when you can see that you only have 1/3 of a chance of it being successful.

That one's easy

- greed

- desperation

by Houses Overpriced | 12th Apr 25, 9:16am 1744406208

One of your most honest responses

by Pa1nter | 12th Apr 25, 9:18am 1744406313

Uhhhh, thanks for offering a compliment and an insult in the same sentence?

by Zachary Smith | 12th Apr 25, 10:58am 1744412314

Convenience.

Getting a genuine market price and interest indicator.

by Averageman | 12th Apr 25, 11:46am 1744415169

So...isn't a no bid at the auction a strong indicator, agents will have clearly socialized a fairy tail price in the lead up.

by Zachary Smith | 13th Apr 25, 7:32am 1744486342

Getting a low bid, perhaps but even no bids is important feedback although open to interpretation.

Auctions generally work in favour of the agent. They take advantage of people like myself that are "bird in the hand" people. Buyers can take advantage of people like me however that is justifiable as they are taking more of a risk buying at auction. Agents should recommend not going to auction if you really want the best price but don't mind more hassle.

by Pa1nter | 12th Apr 25, 1:15pm 1744420550

Getting a genuine market price and interest indicator.

Of the segment of the market that are pre qualified, and willing to bid at auction.

by Averageman | 12th Apr 25, 1:38pm 1744421890

Exactly. So no one making a bid...equals?

by IT GUY | 12th Apr 25, 1:39pm 1744421956

why waste you time paying for a inspection until you have a conditional offer accepted?

by Averageman | 12th Apr 25, 2:32pm 1744425120

Unfortunately not how auctions work. Perhaps the seller should have that done and supply all the info.

by Retired-Poppy | 12th Apr 25, 9:48am 1744408094

Having been confronted with indesputable evidence, even some of the most hardened denialists and contrarians of the world realize how vulnerable our housing market still is. There is much less basis on which so called "conspiracies" can be ridiculed.

by Pa1nter | 12th Apr 25, 1:17pm 1744420625

The world's a turbulent place.

Not sure how many conspirists' bingo cards closely mirror reality though.

by kraken | 12th Apr 25, 2:14pm 1744424061

Idk, Recently Yvil’s turned a corner, every comment's been about the bond market. I'm just waiting for him to say 10% rates by Xmas at this point.

by Houses Overpriced | 12th Apr 25, 3:27pm 1744428424

10% guaranteed

by Yvil | 12th Apr 25, 5:47pm 1744436823

I don't think I've turned a corner Kraken, it's simply that I can distinguish between short and long term rates. I understand why long term UST are rising, but I don't extrapolate this into short term interest rates in NZ rising. That's why I have been pushing back against predictions that NZ rates are about to rise across the board..

by kraken | 12th Apr 25, 6:45pm 1744440335

Any thoughts on what will keep the short end down? Will it be the only safe place for cash to seek yield?

Imo inflation will remain sticky. A crash in equities will only bring the short end down temporarily. The long end’s going above 5%, and the short end will eventually follow.

I figure if long-end debt isn’t worth holding, then short-end debt isn’t either.

by IT GUY | 12th Apr 25, 7:21pm 1744442506

A crash in equities will only bring the short end down temporarily.

I think it all depends how much transfers into the real world if a recession, or major credit event (too big to fail) occurs. If recession effects start hitting banks in US and Europe at the same time, and China as well.... you could see almost synchronized QE , but if just the US does it this time... ? In my mind the world is too interconnected (Especially the Global BOND market), and if the US goes recession so is Europe. QE will stick around longer each time they try it IMHO, until it doesn't produce the desired effect.

by kraken | 12th Apr 25, 7:40pm 1744443637

QE during stagflation might lead to a loss of confidence in central banks.

It's going to depend on the environment and if inflation remains below target.

by IT GUY | 12th Apr 25, 8:02pm 1744444966

I think CBs only enter QE as a last resort, when to not try it would be the end (multiple massive counterparty failures rippling across the word, with no real recovery....). I think this trumps inflation targeting.

by kraken | 12th Apr 25, 8:15pm 1744445737

I agree, QE as a last resort, if it happens, have an inflation hedge. QE next time won't be to save the stock market, but to save the bond market while destroying the IOUs at the same time.

https://youtu.be/n73DD0kv2l4

by IT GUY | 12th Apr 25, 9:17pm 1744449441

I think we are going to experience some supply chain issues popping up. Shipping out of china towards the US is collapsing.

There will be unintended consequences.

by kraken | 12th Apr 25, 9:33pm 1744450431

90 days to get final orders to the US.

by Yvil | 13th Apr 25, 2:13pm 1744510381

Or perhaps not… who knows ..?

by kraken | 13th Apr 25, 2:35pm 1744511719

Singapore’s Prime Minister, major trading hub.

by IT GUY | 13th Apr 25, 8:37am 1744490224

https://www.stuff.co.nz/nz-news/360650311/past-my-use-date-divorced-wom…

Sobering read.

by IT GUY | 13th Apr 25, 10:33am 1744497185

What could possibly go wrong?

https://www.afr.com/policy/economy/albanese-offers-first-home-buyers-5p…

All first home buyers will be able to enter the property market with just a 5 per cent deposit from next year under a new policy to be unveiled by Labor that could significantly boost housing demand if it wins the election.

Prime Minister Anthony Albanese will announce the dramatic expansion of the federal government’s first home guarantee scheme at the launch of Labor’s election campaign in Perth on Sunday, alongside a $10 billion investment to build up to 100,000 homes exclusively available to first home buyers.

by Averageman | 14th Apr 25, 8:44am 1744577097

Gotta protect the ponzi and enslave the next generation of young workers. Hope young kiwis don't fall for this.