At Harcourts' auctions last week only two Auckland homes sold for less than $500,000, the same number that sold for $3m or more

At Harcourts' auctions last week only two Auckland homes sold for less than $500,000, the same number that sold for $3m or more
This three bedroom house at Weymouth in south Auckland sold for $436,000.

It was a busy week in Harcourts' auction rooms last week with 150 homes around the country put on the block.

In Auckland Harcourts auctioned 71 homes with a couple of them hitting the $3 million threshold and only two selling for less than $500,000.

One of those was a two bedroom home unit in Browns Bay on the North Shore, which sold for $421,000, and the other was a three bedroom house marketed as a do up at Weymouth in south Auckland (pictured) that sold for $436.000.

Harcourts also auctioned10 homes in Waikato/Bay of Plenty last week, another 10 in the lower North Island and 58 in Christchurch.

See below for the full results from all the auctions:

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Tension is building as i await Harcourts 21/4/16 auction results.
Sold for 235k 8 years ago
Agent expecting 450k
Final price? sky it would appear is the limit.

Go for 600K

450k does sound very reasonable. Let us know if you find out.

Tga properties around 40% over CV more or less...

These GV numbers are a joke. How are they decided? Seems like they are all too low and all irrelevant to sale price.

They are determined every 3 years - so with the current market it doesn't take long for them to become a joke.


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