There was an air of buoyancy at this week's Auckland Ray White City Apartments auction, although the Barfoot auction was a bit quieter

There was an air of buoyancy at this week's Ray White City Apartments' auction, with nine Auckland CBD apartments put on the block and seven selling under the hammer.

The first apartment offered was in the Sugartree complex on Union St.

It was a 43 square metre, one bedroom unit with a 10 square metre balcony and had been scheduled for auction next week, but that was brought forward when a pre-auction offer of $510,000 was made, which had been accepted unless a higher bid was received at auction. So it was definitely going to be sold.

But when no higher bids were forthcoming it was sold for its pre-auction offer of $510,000.

There was also very competitive bidding for a unit in the Grand Chancellor complex at the bottom of Hobson St , which sold for $618,000. Meanwhile a studio unit in the Heritage Tower complex on Nelson St fetched $295,400.

The cheapest apartment sold was a 59 square metre leasehold unit in the Q City building on City Road which was leased to Housing NZ.

It sold for $92,000 (ground rent currently $6800 a year).

An apartment in the Nova En Scotia building overlooking Myers Park was passed in when the only bidder wouldn't increase his bid past $375,000 and there were no bids for an apartment in the Harbour Green building on Union St.

At Barfoot & Thompson's apartment auction earlier the same day, three properties were offered and one sold under the hammer.

The first property to go under the hammer was an office/warehouse building on Boston Rd in Grafton, which had been partially converted to include a four bedroom apartment and a separate two bedroom apartment.

There was good interest in this property and it sold under the hammer for $2.82 million.

The other two properties were a two bedroom sub-penthouse apartment in Pitt St, which had been advertised as a "short notice auction," and a two bedroom home unit in a street next to Eden Park.

There was only a single bidder for each of them and both were passed in.

The full results of both auctions with the prices achieved on the individual properties that sold and the details of those that didn't, are available on our Auction Results page.

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.