Bayleys auction results: 2 brm Devonport apartment sells for $3 million

Property

Prices at Bayleys' auctions ranged from $407,000 for a house in Hamilton to $3.9m for a house on a lifestyle block at Whitford

28th Nov 16, 2:08pm by Greg Ninness

Bayleys Real Estate auctioned 29 Auckland residential properties last week, achieving sales on 14 of them with the remainder being passed in for sale by negotiation.

There were also a handful of properties that were either withdrawn from sale or had their auctions postponed.

The prices of the properties that sold ranged from $700,000 for a three bedroom house in Pukekohe to $3.9 million for a large house on a lifestyle block at Whitford.

Other sales of note were a large, two bedroom apartment on King Edward Parade in Devonport that fetched $3 million and a one bedroom apartment with a large deck in the Northridge building in Parnell that went for $775,000.

A commercial property at Oneroa on Waiheke Island that is leased to the well known Vino Vino restaurant was also among the offerings at last week's residential auctions and sold for $5.65 million.

At Bayleys' Hamilton office seven properties were auctioned last week and sales were achieved on four, with prices ranging from $407,000 for a three bedroom house in central Hamilton, to $980,000 for a three bedroom house on a 4464 square metre section at Tamahere.

The full results from Bayleys' auctions last week, with photos and details of all properties, including those that didn't sell, and the prices of those that did, are available on our Auctions/Sales Results page.

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26 Comments

by THE MAN 2 | 28th Nov 16, 2:46pm 1480297594

Keep up the good work with the Auction results as it is a very welcome addition to this site.
Always informative and worth reading and as this site says " helping you make financial decisions".
Whereas a lot of information that shows up on this site is not very helpful, for example a lot of info and predictions are not helpful at all.
For example for years some journalists no names mentioned, kept predicting dropping house prices and higher interest rates for many years, whereas if you followed that advice you would be majorly down the gurgler!

by two otherguys | 28th Nov 16, 3:18pm 1480299480

If you have followed the comments you will find that Hippy person who lives in Northland and posts here regularly, informed you that property prices did fall 30%, just not in Auckland

by THE MAN 2 | 28th Nov 16, 3:22pm 1480299766

They may have fallen in Northland but they certainly haven't around the rest of country, unless you know differently.
There was talk of 40 per cent drops years ago and mortgages of 9 percent plus which as we know just didn't happen.
Listen to some so-called economists will certainly put you behind the 8 ball!
Everyone's perogative to follow who they want but often found beneficial to do the opposite to what economists say.

by 2bobmillionaire | 28th Nov 16, 3:23pm 1480299800

I live in northland and prices were down a lot but have recovered,thanks to auckland folks who have sold their houses and are looking for an income producing lifestyle.transformed the cafe at the bottom of the brynderwyns,still plenty of abandoned banks,post offices,dairy factories,motels in the kaipara.

by gordon | 29th Nov 16, 6:54am 1480355650

Where I live I keep meeting people who have shifted north to escape Christchurch and it's problems. No wonder its house prices are falling. Will Wellingtons surging house market slow down?

by THE MAN 2 | 29th Nov 16, 7:59am 1480359574

Gordon, I am hearing the same thing.
All the Christchurch people are moving north I understand to be near you so that they can tap into your great knowledge of the sharemarket.

by gordon | 29th Nov 16, 8:57am 1480363020

I think you will find that to a person they have had enough of the shakes and when you combine it with your terrible weather it is an easy decision to move north. No wonder your property market is declining as workers bought in for the restoration move home. I bet not many of them can find a good enough reason to stay down there. Maybe the cheap declining housing prices would attract a few.

by mvgsmf | 29th Nov 16, 9:07am 1480363672

@ The Man and Gordon....

Just a suggestion guys...

Why don't you both swap email addresses and have your on-going (and seemingly pointless) battle offline from this forum.

I for one am sick to death of it....

The cheap shots are just derailing any pertinent comment about the actual issues.

Can you both give that a thought?

Cheers

by THE MAN 2 | 29th Nov 16, 9:16am 1480364210

To be fair though, the other fellah is always the protagonist.

by mvgsmf | 29th Nov 16, 9:21am 1480364489

Thanks for reinforcing my point... *face-palm* - Good grief I have an 8 year old who says that about his 10 year old brother....how old are you?

And with due respect "The Man" - you are not shy on repeatedly telling us all how wonderful your acumen and your investments are - maybe a NZ property investors forum would be a better choice to get 100% positive feedback on your views? People may disagree here....

Its just descended into both of you taking contrary positions no matter what....frankly its become embarrassing

by frazz | 29th Nov 16, 9:47am 1480366038

Thanks mv...my thoughts exactly

by Roelof | 29th Nov 16, 9:29am 1480364994

mvgsmf... I second that.. ( about the swapping of email addresses to take it away from here..)
They are both as bad as each other in allowing it to dragggggggggg on.

by KH | 29th Nov 16, 9:35am 1480365338

The Man and Gordon. You have had your time and fun. Unfortunately it's also been our time and it has not been fun. Enough. Please take up the email option suggested.

by THE MAN 2 | 29th Nov 16, 10:01am 1480366888

Totally agree with all of you.
The reality is though that I try and engender many on here to get off your butts and try and get ahead rather than moaning all the time, and saying how hard it is to own a home in NZ.
Whereas all Gordon seems to want to do
is crap on about Chch prices dropping and everyone deserting the place, when both are totally incorrect.
I thought this site was for helping people make financial decisions" which is exactly what I try to do.
Anyhow, very hard to convince people that are tunnel visioned!

by nymad | 29th Nov 16, 10:20am 1480368025

Here we go, again.
I'm sorry, but you shouldn't be offering financial advice in any capacity to try and help people make better financial decisions. We actually have laws against this to protect against ill qualified persons.
Note that no other commentators ever offer advice; they simply offer a logical perspective.

As mentioned above; we are happy to engage in logical, non contrarian debate but if it is validation of your perceived investing prowess that you are after, go to a property investors forum.

by gordon | 29th Nov 16, 10:22am 1480368123

I could not agree more. He needs to use a name that is less arrogant than the one he uses and actually show a little compassion for those less fortunate than himself.

by mvgsmf | 29th Nov 16, 10:46am 1480369599

Wow - I think your making a very large leap (and incorrect) assumption that anyone unhappy with the current state of things cant have money and that we require your help and motivation to buy a house in CHC...wrong.

Perhaps we just don't like the way things are being done and have a social conscience since we got it pretty good due to nothing more than some luck of when we were born?

Anyway - why does this bother such a successful (albeit self-proclaimed) man so much ???

Interestingly - one thing I've found to be true in life is those I know or have met who are truly successful are EXTREMELY modest without braggadocio, are quietly confident and just get on with their business.

Also in observation they never close their minds to other methods of making money and know that the past does not equal the future - otherwise Kodak / Nokia / Blackberry / Motorola / Pan Am would all still be in business......things CAN change..

by THE MAN 2 | 29th Nov 16, 11:27am 1480372022

Read the slogan.
If people have got info worth sharing on how to be successful then they should be allowed to share it if they want.
I share it because I have helped many people to improve their lifestyle dramatically but if no one on here want to then you will be pleased that I will leave you to wallow in your self pity

by nymad | 29th Nov 16, 12:17pm 1480375037

Share it, by all means. Have an opinion, by all means.
On more than one occasion I have noticed you giving specific advice on investment, though, and this is what I take exception to.
Especially when numerous people debunk your logic. Even when we outline categorically why your positions are far from optimal, you continue to ignore logic.
We have enough of the housing market anecdote BS flooding the airwaves and mainstream print media, as it is.

Trust me, there is no envy or self pity here. I think that in most cases, the people here are simply smart enough to have much better investment portfolios than what you advocate. That isn't self pity; it is just modesty and decency.

by THE MAN 2 | 29th Nov 16, 12:19pm 1480375156

Nymad, what specific advice apart from investing in positively geared property purchased at good value!
People will always put successful people down, it is human nature, always have and they always will!
Have I not always maintained that the Auckland property market in my opinion is overpriced?
Anyway, wasted enough time on here, so I will carry on with the people who have got an interest in improving their lot, rather than moaning about all and sundry.
At the end of the day we are extremely fortunate to be living in NZ .

by mvgsmf | 29th Nov 16, 1:25pm 1480379138

And again - you just cant help yourself.

If someone disagrees with you then they are "wallowing in self -pity"....yet you expect respectful comment?

Holy moly.....

by THE MAN 2 | 29th Nov 16, 11:27am 1480372024

by J.C. | 29th Nov 16, 12:16pm 1480374994

Interest.co.nz appears to have become a troll magnet. Possibly a pretty good indicator that house prices are beyond the wildest expectations.

by Zachary Smith | 29th Nov 16, 12:38pm 1480376326

With access to the Internet everyone can be a Propagandist now. It's not the exclusive domain of the Fourth Estate.

by J.C. | 29th Nov 16, 1:05pm 1480377906

Not my point. Democracy of the digital soapbox has provided a playground for those with troll tendencies.

by BadRobot | 29th Nov 16, 2:08pm 1480381690

Can does not equal should.