Prices ranged from $186,000 for Auckland CBD apartment to $3.42 million for mortgagee sale at Barfoot & Thompson's latest auctions

Prices ranged from $186,000 for Auckland CBD apartment to $3.42 million for mortgagee sale at Barfoot & Thompson's latest auctions

Barfoot & Thompson had an overall sales clearance rate of 43% at their auctions last week.

The agency marketed 95 properties for sale by auction and sold 41 unconditionally by 5pm the day after their auctions, with a small number withdrawn from sale or postponed and the rest being passed for sale by negotiation.

Of the major auctions, the highest sales rate was 64% on Auckland's North Shore, and the lowest was 21% at Manukau (see table below).

Prices ranged from $186,000 for a leasehold apartment in the CBD, to $3.42 million for a house in Epsom sold at mortgagee auction.

You can see the results with the prices achieved on the individual properties that sold on our Residential Auction Results page.

If you are interested in commercial property, check out our Commercial Property Sales page.

Barfoot & Thompson Auction Results 7-13 August 2017
Date Venue Sold* Not sold* Total % Sold
7-13 August On site 3 1 4 75%
8 August Manukau 3 11 14 21%
8 August Shortland St, CBD. 3 3 6 50%
9 August, Shortland St: Mortgagee/High Court 1 0 1 100%
9 August Shortland St, CBD 7 10 17 41%
9 August Whangarei 1 5 6 17%
9 August Pukekohe 1 0 1 100%
10 August North Shore 14 8 22 64%
10 August Shortland St, C BD. 5 8  13  38% 
  11 August  Shortland St, CBD.  3   8  11  18%
Total 41 54 95 43%
*Sold includes properties sold under the hammer or by 5pm the following day. Not sold includes properties remaining unsold by 5pm the day after the auction, or that were withdrawn from sale or had their auction date postponed.

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 help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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.


Looks like the figures the other day with prices coming down is sinking in a little

Tiny sale volumes = falling prices.

Roll on Spring we'll probably be seeing the same results as Toronto is now.
Article: Toronto Detached Real Estate Prices Drop Up To $200,000

100% sales at Pukekohe, it must be the new boom town...

Funny how people see things differently, I see Pukekohe in the peak of the boom and rolling over as willing to take any reasonable offer, it'll naturally keep going down, these things normally go for 4 years but could be worse being the size of the dept and risk taking

What do you mean they usual go for about 4 years? Like they drop in price for 4 years?

In 2002 house prices went up over the years to 2008 , then over the next 4 years went down, I can't remember that corrections figures I think it was a high drop in 2009 with small drops after that for the next 3 years, 1967 and 1975 were bad drops for longer and more, of course house prices don't normally fall all of the boom before that's why long term housing is a good investment ,

O4... could the drop in 2009 have been anything to do with that little blip called the GFC?

I agree historically the property market has proven to be cyclical. I don't expect that to change suddenly.

I have a vested interest to see prices rise but also children and a social conscience. Its been a fun few years but good to see the prices stop skyrocketing. Most experienced investors will agree.

Yes 2008 GFC and 1967, 1975, 1985, 1998, 2008, and 1975 things stayed down and went down over 7 years, I don't know what ended all these booms but the fact we were in a boom and a boom being house prices going up and people paying more and borrowing more and taking more risk is why it's at risk of busting, for whatever reason, maybe if housing was made to only go up 10% per year we wouldnt do this boom bust , it's the nature of how it works, if we flat line low for years people seem to wait, something kicks it of like overseas investors, people scared of missing out or greed pile in, things go to far normally to much dept which is understandable, affordable housing get harder to get, any little thing kills it, it's easy to see why we keep doing the same thing over and over, I'm sure it could be controlled with LVR and DTI , but at the end of the day even our government want high house prices so booms and busts are with us forever

Still some unusually high priced sales - esp North Shore. I did notice the salespeople of the sold properties have Chinese names. Is the China money coming back into the market?

Not indicative of anything, really.
If I were selling a house, I wouldn't care who the agent was so long as they had an Asian sounding name.

chinese money always flows through. what restriction?

There is always a loop-hole underneath the South China Sea that loops the money into Auckland. It's not that hard to figure out.

to be honest less decline than I might have expected. I think the impact of the stock of properties for sale has yet to appear in the sale prices

There's a couple of mortgagee properties that have come up for sale that were last sold for a bit over $1m 7-12 years ago. These large mortgages are a long term risk for the buyers, and the fact that they can't sell fast enough to avoid a mortgagee sale is a concern.

There are hundreds of these sad events every year in Auckland so i fail to see how 'a couple of mortgagee' sales is useful information.

I'd be interested in the back story. If the property was worth $1m 7-12years ago what happen in the interim.....

Auctions are hardly a preferred selling method in the current soft market.

Nonetheless, auctions are still achieving successful outcomes in some circumstances.

Good clearance rate in current conditions, suggests more flexibility from Vendors

But there are still top prices being obtained in various cases.

What has a Chinese agent got to do with anything, 45 % of Aucklands are born elsewhere

My real estate friend on the shore says the chinese have been noticeable in the last few weeks turning up at auctions and paying over the odds for houses. And suggests that they are just wanting to "park some money".

This development is concerning. I hope it's an isolated event. Nothing will make this market take-off again, except Chinese money.

I mean Sunnynook $.1.2M - really, why would you?

$3.42 million for a house in Epsom sold at mortgagee auction.

Address is 201a Saint Andrews Road, Epsom. Sold for $3.5 million in July 2015.'s midpoint estimate for an August 2017 sale was $3.995 million.

add the RE fees into that and its a sizable loss....

Kate, I'm surprised that house had to be sold like that, why didn't the owner sell it, if you brought it for 3.5 he must have had 500k deposit, why wouldn't you sell it yourself to get the 500k back, he must have multiple problems with his bank, all tho I can't imagine the weekly payments on 3 million, id hate to think how many people are in the same boat, but there's still buyers

How's this for a downward trend;

Individual sections range from $67,000 to $143,000, well down from the $650,000 price tags associated with some of the sections when they first went on sale 12 years ago.

An absolutely beautiful beach folks - can't believe the council approved a subdivision for rich folk who never came in favour of the influx of 1000's of motor camp visitors each year. The documentary mentioned is a really good one to give you a flavour of that speculative era.

Your access to our unique content is free - always has been. But ad revenues are diving so we need your direct support.

Become a supporter

Thanks, I'm already a supporter.