The biggest lineup at this week's Auckland apartment auctions was at Barfoot & Thompson's CBD rooms, where 10 apartments were on offer.
They were a good mix too, ranging form a leasehold unit in a building just off the top end of Queen St to a 148 square metre, three bedroom unit on the CBD fringe.
However, there was a surprisingly small number of people at the auction itself considering the number of properties on offer, although telephone bidders were also active on several properties.
Only two of the 10 apartments on offer were sold under the hammer, with the rest being passed in for sale by negotiation.
Three of those that were passed in received no bids.
The apartments that sold were a two bedroom unit (48 square metres) in the Zest building on Nelson St, which is a mainstay with residential property investors.
Although there was only one person bidding, it sold under the hammer for $450,000.
The other property to sell was a 39 square metre studio in a building on Whitaker Place.
There was keen competition for this unit from several bidders and it sold for $222,000.
Up at Ray White City Apartments, this week's auction was small but perfectly formed, with just two units on offer and both selling under the hammer.
One was a one bedroom, leasehold apartment in the Scene Three building on Beach Rd that went for $130,000 and the other was a studio unit in the Avoka building on Day St, which is facing potential remediation issues.
It went for $175,000.
The full results from both auctions, with details of all properties including those that didn't sell, are available on our Auction Results page.
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