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.
11 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.
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