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Despite residential auction activity falling this week, and the sales rate dragging, plans are afoot for some #gameday events to try and spark a revival

Property / news
Despite residential auction activity falling this week, and the sales rate dragging, plans are afoot for some #gameday events to try and spark a revival
house auction flags

Residential auction activity fell back a bit over the last week, with interest.co.nz monitoring the auctions of 214 properties in the week of 15-21 August.

That was down from 251 the previous week and back near the three year low of 197 the week before that.

The number of properties being auctioned each week has been alternating from just under 200 to about 250, so overall activity still appears to be bouncing along at winter lows.

Indications about scheduled auction events next week show a marked up-tick however, as the market gets closer to its expected spring lift. Some large consolidated events are scheduled and the week will start with much better early activity.

Of the 214 properties on offer at the latest auctions, 78 were sold under the hammer, giving an overall sales rate of just 36%. That's the second time it has been under 40% in the last six weeks.

We are into the last week or so of winter, and with outsized inventories, there will be plenty of potential sellers hoping to hit the market early.

Details of all the individual properties offered at all the auctions monitored by interest.co.nz, including the selling prices of those that sold, are available on our Residential Auction Results page.

Residential Auction Results
at auctions monitored by interest.co.nz
August 15 - 21, 2026
DistrictTotalSold% sold% of selling prices above or equal to their rating valuation
Northland10770%14%
Auckland Region1385137%33%
- Rodney12217%50%
- North Shore311135%45%
- Waitakere11436%50%
- Central Suburbs461941%37%
- Manukau281139%18%
- Papakura5240%0%
- Franklin5240%0%
- Waiheke Island000%0%
Waikato12542%20%
Coromandel100%0%
Bay of Plenty19737%100%
Gisborne100%0%
Hawkes Bay000%0%
Central North Island500%0%
Whanganui11100%0%
Nelson & Bays100%0%
Canterbury21733%57%
Central Otago / Lakes500%0%
     
All of Aotearoa2147836%49%

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3 Comments

This year's spring rebound will be one for the record books.

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2

Love the truth about our ongoing NZ property crash, rolling on for a few more years H:)   
- Are you are worried about the next leg down?

FRED will tell the REAL, continuation story, come end of year.....

https://fred.stlouisfed.org/series/QNZR628BIS

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3

Pretty sure that quote was rolled out last year, and the year before that. 

The issue is punters cant afford the debt to bail out current owners. Remember bank directors have increased liability for "over lending" so banks are constrained. All this even before we start talking about new property taxes.

Perhaps RE Agent going to hypnotize the greed out of sellers...?

🍿 

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4