sign up log in
Want to go ad-free? Find out how, here.

Not much under $600,000 in Auckland at Harcourts' latest auctions, but you could get a house on a big spread in Invercargill for $200,000

Property
Not much under $600,000 in Auckland at Harcourts' latest auctions, but you could get a house on a big spread in Invercargill for $200,000

The cheapest Auckland home to sell among Harcourts' latest batch of auction properties was a two bedroom house (the second bedroom a single) on an 809 square metre section (pictured) at Army Bay at the end of the Whangaparaoa Peninsula.

It sold prior to coming to auction for $532,000.

The most expensive sale was a large house with another two bedroom dwelling on a 6028 square metre site at Coatesville, which sold for $2.175 million.

Significantly only two of the auction properties sold by Harcourts in Auckland last week went for less than $600,000.

Plenty for over $1 million though.

In Tauranga prices ranged from $348,000 for a section in Otumoetai to $920,000 for a house also in Otumoetai.

In Hamilton prices ranged from $435,000 to $725,000, there were a couple of sales Taupo, Hawkes Bay and Wellington, while prices in Christchurch ranged from $340,000 to $860,000.

In Invercargill a three bedroom house and large workshop/shed on a 3731 square metre site sold for $200,000.

See below for Harcourts' full auction results form last week:

You can receive all of our property articles automatically by subscribing to our free email Property Newsletter. This will deliver all of our property-related articles, including auction results and interest rate updates, directly to your in-box 3-5 times a week. We don't share your details with third parties and you can unsubscribe at any time. To subscribe just click on this link, scroll down to "Property email newsletter"and enter your email address.

 

 

 

 

 

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

4 Comments

Only one house in the Auckland list actually sold for under 600k. Possibly quite a good buy at 532k:
17 Shakespear Rd Army Bay. Big section but long commute. Bach-like living.
http://harcourts.co.nz/Property/765361/TK27337/17-Shakespear-Road

Up
0

how long before it gets resold, let me guess due to change in circumstances

Up
0

thankfully the bright line test gets around that loophole now.

in my opinion, anyone buying property in this market should be considered as purchasing for the purpose of getting capital gains, because they sure aren't purchasing for the yield.

Up
0

Wait, wait... There will probably be a mad dash by the Non-resident investors (Well at least the corrupt officials and money launders), to purchase NZ property before the new Anti-corruption restrictions come in to force. You'll probably see a property spike, so it's a excellent time to sell up!! :P

Up
0