Nothing under $500,000 at Harcourts Auckland auctions

Prices started at $515,000 in Auckland but you could have picked up an Invercargill cutie for $167,000 at Harcourts' latest auctions

Property

Prices started at $515,000 in Auckland but you could have picked up an Invercargill cutie for $167,000 at Harcourts' latest auctions

30th Jun 15, 3:04pm by Greg Ninness

The cheapest property auctioned by Harcourts last week was a badly fire damaged house in Rotorua which was sold by mortgagee sale for $62,000.

The next cheapest was a tidy three bedroom brick and roughcast house (pictured) at Waverley in Invercargill which went for $167,000.

That price would make house hunter's in Auckland wince, because none of the Auckland properties auctioned by Harcourts last week sold for less than $500,000.

The cheapest Auckland home was a three bedroom house in the west Auckland suburb of Massey which went for $515,000, while the most expensive was a house in Mt Albert that fetched $1.45 million.

In Tauranga the cheapest home auctioned was a house in Parkvale that sold for $200,000, while in Christchurch prices ranged from $210,000 for a house in Burwood to $800,000 for a substantial character home on a lifestyle block near Darfield.

The full results of all the Harcourts auctions are listed below:

Auction Results for Harcourts Northland:

Auction Results for Harcourts Auckland:

Auction Results for Harcourts Bay of Plenty/Waikato/Hawkes Bay:

Auction Results for Harcourts Wellington/Palmerston North:

Auction Results for Harcourts Christchurch:

Auction Results for Harcourts Invercargill:

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11 Comments

by MortgageBelt | 30th Jun 15, 6:44pm 1435646657

There’s only a finite supply of houses, but an infinite money supply.

by bigblue | 30th Jun 15, 8:13pm 1435651996

A tsunami of cheap chinese cash is flooding into NZ. Much of it going into housing on the North Shore area of Auckland. Asian buyers now exceed 50% of all buyer activity on the North Shore.

by Chris_J | 30th Jun 15, 8:43pm 1435653802

Which is why immigration needs controlled. This only benefits existing home owners, not NZers in general.

Auckland is full.

There is no possibility of supply keeping up with demand.

Government control of immigration is common sense. It must be done.

Selling our sovereignty is stupid.

by Thomas | 30th Jun 15, 8:59pm 1435654756

I don't at all agree Auckland is full.
There are large swathes of Auckland that look like a small country town. Drive through Glen Innes, as just one of many examples. Huge amount of capacity. Auckland needs to get real and become a real city. Plenty of options for kiwis to live in small, very low density cities and towns around NZ if you don't like an urban life!

by Chris_J | 1st Jul 15, 7:06pm 1435734406

What bollocks Thomas, you are not considering that there is no infrastructure to cope with the growth and very little developable land in locations where there is infrastructure.

Building on every backyard takes away what people want when they live in NZ.

Parts of London also feel like country villages.

In regards Glen Innes, most of those low density properties are in Crown ownership and are about to be developed. Look at privately owned areas like Ellerslie - most properties are subdivided already if possible or already fully utilised or being land banked. There are limited sites available for immediate infill.

Auckland is full at present and the existing capacity is needed for the city's natural population growth alone. There is no way that there is capacity for such rampant immigration.

by iconoclast | 1st Jul 15, 7:17pm 1435735031

Auckland needs to get real and become a real city

Really? Why?

So we should all breathe in, tighten our belts 5 notches and move over, just to accommodate those who are escaping their own mess

Why don't these newcomers move to the regions and bestow their benefits there?

You couldn't possibly be a born and bred Aucklander could you? Where are you from?

Did you see the post from Kate last week describing the tertiary students she teaches, and the reasons why they come here and what they are looking for?

Kate said
http://www.interest.co.nz/property/76091/population-growth-migration-se…

They are good young people, with hopes and dreams to live in a genuinely fair and democratic society.. one with a social welfare system, one which is more civil, less populated and less polluted than where they come from. The problem is, our society is becoming more like where they are from at an alarmingly rapid pace

Note the less populated - less polluted - two of the reasons they come

by bigblue | 30th Jun 15, 8:54pm 1435654482

Anyone else having trouble communicating with potential tenants for their rental properties - difficult to communicate with tenant applicants of late as few speak English! Quite a change in the makeup of applicants compared with three years ago!

by xelnaga | 1st Jul 15, 12:14am 1435666460

White flight.

by Chairman Moa | 1st Jul 15, 2:02pm 1435716159

bigblue, learn some basic Mandarin, Hindi, French, Italian etc..

by sharetrader | 1st Jul 15, 2:33pm 1435718022

or english from the north , what about welsh or scottish sometimes just as bad

by Chris_J | 1st Jul 15, 7:04pm 1435734268

Yes Big Blue, I also mentioned this recently.

My view is that if a potential tenant can not communicate and (as almost always) they can't provide a reference, they get the short sharp shove.

I also find that recent migrants (English speaking or otherwise) tend to not respect tenancy agreements and move on after only short periods. I prefer to keep the prices low and find long term local tenants.