There was a slight increase in the number of properties offered at the latest auctions but a significant improvement in the sales rate.
Interest.co.nz monitored the auctions of 267 residential properties around the country over the week of 12-18 July, up from 232 the previous week.
However that only brought the numbers back up to where they had been over the few weeks prior to that, suggesting the previous week's numbers were particularly low.
The more significant change was in the number of sales achieved.
Of the 267 properties on offer at the latest auctions, 114 sold under the hammer, giving an overall sales rate of 43%.
That was only the third time so far this year that the sales rate has been above 40% and was the highest it has been since the end of October last year.
Of the 114 properties that sold that sold, 59% achieved prices that were at least equal to or above their rating valuations, which was within a percentage or two of where that number has been settling over the last few weeks.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of those that sold, are available on our Residential Auction Results page.
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22 Comments
Things are looking up!
51 John Street
Sold for 2.035mil on Thursday, 17th July '25, 24% below peak cv and probably 8-900k below what it would have got at the top....
Current CV - 2.25mil past cv 2.75mil, this was a deceased estate so its fair to say this was market value on the day.
Its all tip top.... what we are seeing is the beginning of capitulation
Deceased estates are good buys these days. No general capitulation will occur, you can be sure of that. Another boom is more likely.
No general capitulation
so just a little tiny bit of capitulation... but not general
Obviously the odd person will "capitulate" as they always have, but an entire Western country capitulating? I don't think so.
that's clear only the odd ones, the evens will not....
I'm just tired of the "sky is falling" narrative.
All markets have a bottom... where the fundamental returns are better then other markets, it attracts investment.
ZS......."Boom just around the corner", really means: "I need it to Liquidate, help me"
"Housing boom just around the corner, beeee quick" Tue Billboard.
Old Spruiky said, "you cannot lose on proooperty mate", "they not making any mooooore mate", "Best time to buy was yesterday"
- Meanwhile the high priest of the Spruikuvester Congregational Church (Angry Hashly Churchless) has had go into protective custody, as investors who followed this high priest's bad advice, are now being liquidated and seeing increasing bankruptcy proceedings.
The new "BBBEEEE Quiiick".....is to hide all other assets, from the bank forced bankruptcy.
Bit sucky, to gamble and lose 400k, but is happening everywhere in NZ now. Sad sack tales, about to flood the media, as it gets worse going into 2027....
5 Allington Road | Massey | Waitakere City | Houses for Sale - OneRoof
Shriek all you like, lmao. There's bargains out there for sure. Property investors forgot that you need to be able to hold on for a decade or more if necessary.
Glad to see you been happy clapping at the property investors A Churchless meetings, and swallowed the baited hook, line and sinker.
Yep "doubles every decade, sure as eggs", promised Churchless. Ironic that a supposed very godly man, spends most days and efforts worshipping at the money spinners table. Enslaving his Neighbour into his debt leverage servitude, also not so churchly.
Another beauty auction to follow keenly.
I feel an rough haircut a comming......
7 Chamberlain Road | Massey | Waitakere City | Houses for Sale - OneRoof
How to torch more than $100,000 a year? Buy a house in Auckland.
You really can't stop banging on about the "doom and gloom" in the Auckland real estate market can you? It's called a dip. Dips follow spikes. Spikes and dips happen, and will continue to do so in the future.
Ok, trying to minimize the biggest property crash in NZ history I see.
So a real -24% drop nationwide and -40% drop in NZs major cities....is just a diiiiiiiip ???
https://fred.stlouisfed.org/series/QNZR628BIS
Its a major crash that most ignored in 2022, like you did as you loaded up on the Ponzi.
This diiiip has a way to go and any recovery maybe starting in 2027, once DTIs of 4 or 5x routinely occur.
JK wants an immediate drop in the ocr interest rates of one percent. Apart from the risk of inflation, I really don't see the need for this right now.
Of course he is head of the extortionate society who would like to bump up their NIR margins
Strong mid-winter auctions and house sales is a harbinger for a turnaround.
Strong mid-winter auctions and house sales
Really? are you smoking green shoots?
No I'm reading the tea leaves not smokin 'em but am on a high. I just discovered that my rural property's been included as part of a bigger FastTrack application for housing and retail centre. Good chance of being approved
that's good news, lots of this occurring around dairy flat, near the new surfing complex. Sub division is one way you can currently make money in real estate.
I don't know much about the DF subdivisions, its been future urban zone since 2016 1748ha. I remember Silverdale when there was just a garden centre and not much else
Another 4500 houses to be built behind Ara hills
Great. While the little fella nzgecko sees despair and crashes everywhere, others are just getting on with it.
To clarify, are you the Riverhead land banker with a new account?
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