Bayleys auctioned 19 Auckland properties last week and sold nine of them, achieving a sales rate of 47%.
The properties that sold included an 891 square metre section with four x one bedroom flats on Tamaki Drive at Kohimarama that went for $5.2 million, a four bedroom bungalow at Mt Wellington that sold for $1.615 million, a three bedroom house at Half Moon Bay that fetched $795,000, and a three bedroom house in Titirangi that achieved $852,000.
In Hamilton Bayleys took a mix of 18 houses and rural properties to auction, selling eight of them.
The residential sales were mainly towards the top end of the market and included a large house on River Rd in Hamilton that sold for $1.135 million and a 440 square metre section in Cambridge that went for $273,000.
Bayleys' Hawke's Bay office auctioned seven properties last week, selling five of them, including a house with its own vineyard at Havelock North that fetched $2.75 million, and a 1950s-era house in Hastings that sold for $390,000.
In Matamata Bayleys auctioned three homes and sold one, a modern two bedroom house with a double internal access garage that went for $460,000.
The full results' from Bayleys latest auctions with prices and details of all properties offered including those that didn't sell, and the individual prices of the properties that sold, are available on our Auctions/Sales Results page.
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4 Comments
I commend your optimism Zachary but most new property listings for Auckland are now not going to auction.
And the reason for that is that they;re just not selling that well, if you look at the results on pages 1 and 2 for the last few weeks for Auckland only 21 sold out of 50, so less than half.
Which is it to be ?
High demand or low demand ?
Or is it the 15,000 plus homes bought for pure speculation that nobody lives in that are the problem?
High immigration with no government plan to deal with the issue satisfactorily even today
Failure to crack down on house speculation by foreigners too late which collected 0 taxes which could have gone towards development infrastucture. Gee why was that too hard JK ?
Failure to address shortage of skilled trades people with enough years of experience which has gone on since Roger Douglas deregulation days. If he is still alive I wonder if NZ taxpayer is still paying his air travel ? Hypocrite
Lack of enough modern machinery & skilled operators with years of experience especially when building bridges or roading infrastructure & scale of house building to achieve quick satisfactory new home builds
City Council restrictive policies on extending the urban limit while failing to address that increasing the intensity of housing within the existing limits will still require infrastructure upgrading at a significant cost.
All of these problems have not been satisfactorily dealt with by anyone in power.
Now Bill English plans to ignore them further by having no Housing Minister.
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