Sales rates varied widely at Barfoot & Thompson's latest auctions, with many properties not receiving any bids

Sales rates varied widely at Barfoot & Thompson's latest auctions, with many properties not receiving any bids

Sales rates ranged from 14% to 57% at Barfoot & Thompson's main auctions this week.

The highest sales rate was at the Manukau auction where 17 of the 30 properties auctioned were sold (57%).

That was followed by a 43% sales rate at the Shortland Street auction on December 13, where most the properties were in central Auckland suburbs. 

At the North Shore auction the sales rate was 33%. And at the two Shortland St auctions on December 12 and 15, where most of the properties were in inner west or west Auckland suburbs, the sales rates were 23% and 14%.

There was still a high number of properties that didn't receive any bids, and at the North Shore auction 15 of the 30 properties offered did not receive bids.

See below for a summary of all five Barfoot & Thompson auctions covered by in the last week.

12 December. Shortland St, CBD.

Most of the properties at this auction were located in inner west suburbs, including Sandringham, Mt Roskill, Mt Albert, Hillsborough, Blockhouse Bay, Avondale, New Lynn, Henderson, Massey, Glen Eden and Te Atatu.

Eighteen properties were scheduled to be auctioned but two were withdrawn from sale, two were sold prior to the auction and one had its auction date postponed, leaving 13 to go under the hammer.

Of those three were sold and 10 were passed in.

There was only one bidder on one of the properties that sold, and there were no bids on eight of the properties that were passed in.

12 December. Manukau.

Properties at this auction covered a wide geographic spread that included Papatoetoe, Manurewa, Wiri, Otara, Flat Bush, Beachlands, Half Moon Bay, Dannemora and Pakuranga.

Thirty seven properties were set down for auction but four were withdrrawn and three were sold prior, leaving 30 to go under the hammer.

Of those, 17 were sold and 13 were passed in.

Four of the properties that were passed in didn't receive any bids.

13 December. Shortland St, CBD.

Most of the properties at this auction were in central Auckland suburbs such as Remuera, Kohimarama, Orakei, Epsom, Mt Eden, Three Kings, Royal Oak, Westmere, and Grey Lynn.

Thirty three properties were scheduled for auction but three were sold prior, one was withdrawn and one had its auction date postponed, leaving 28 to go under the hammer.

Of those,12 were sold,16 were passed in and six of the properties that were passed in received no bids.

14 December. North Shore.

Properties at this auction were spread throughout the North Shore.

Of the 37 properties scheduled for auction, five were sold prior, one was withdrawn and one was postponed, leaving 30 to go under the hammer.

Of those, 10 were sold and 20 were passed in, with 15 of those receiving no bids.

15 December, Shortland St, CBD.

Properties at this auction were mostly in western suburbs, ranging form Pt Chevalier to Avondale, New Lynn, Ranui and Swanson.

Of the nine properties scheduled for auction, one was sold prior and one was withdrawn, leaving seven to go under the hammer.

Only one of those was sold and the remaining six were passed in, with five of those receiving no bids.

A summary of Barfoot & Thompson's apartment and commercial property auction held on December 14 is available here.

Details of all the properties offered at the auctions covered by and the prices achieved on the properties that sold, are available on our Residential Auction Results page.

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

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Highlight new comments in the last hr(s).

These are relatively small numbers - so need to avoid reading too much into it.

No surprise that the Central Auckland suburbs continue to do quite nicely. In a relatively subdued post-upswing market, a clearance rate of 43 percent is nothing to be sneezed at....... As always, location counts.

Have a good weekend!



23 out of 65 to go under the hammer is 35%


Hahaha if ttp can't get such basics right, no wonder they fail to see the bigger picture

Again, No mention of sale prices !! .. conveniently avoided as it surely upsets the narrative ... Month after month sales volumes will mean little to this market and expectations and hopes that prices will go down as a result of low volume are evaporating ....

I checked few sold on the North Shore and prices are holding up quite strongly ( close to new QVs) and noticed that most sold are the cleaned up, renovated, and modernized properties where little or no effort is needed to make any immediate improvements.

I expect Dec reports will come up with another positive price movement ...

So only excellent properties are able to sell and of course these may very well be from those that have previously sold in the current Auckland market thus price is not important. Job changes are often a reason to relocate.

Hi Eco Bird,

Indeed, lower sales volumes do not mean prices will fall.

Some people here find that hard to accept.


I totally agree with you TTP. The market is definitely more ‘steady as she goes’ than ‘the sky is falling’. Don't let the idiots talk you down. Keep up with the good work, love all your posts ^^

Aah idiots that disagree with the narcissist's. Sky is not falling its great news. Sky is falling when house prices double in 3 years and are unaffordable for average house buyers.

House prices in line with income is the ideal great news no ones buying over priced property. Takes one hole in the dam for all the water to start breaking through. Can we see cracks appearing, with government changes more cracks will form. Tightening of credit by scared banks will help and interest rate increases in the US.

Interesting times.


HAHAHAHA the 2 biggest idiots on this site are Double-GZ and tothepoint.. thumbs up if you agree!!

Early days the environment has changed significantly
Give it 2 years and see
There are more restrictions now being imposed by the new govt which appear to me over the top

Morons never realise they are one.. this applies to you

That’s why you are where you are in life my friend
Lack of intelligence

You are obviously in the same league as dgz... morons

Clearly shows how dumb you are.. my response was to dgz, but you presumed I referred to you

You are terrible Muriel LOL!!

What about the rising inventory?
Sure you’re on stable ice right now in the central Auckland Area but the ice is melting along with investor values for many in the wider market
Building inventory and lower sales numbers is hardly healthy for the wider housing market
This is indisputable in any market

Hi Northern Lights,

As I wrote above, there's no law stating that when sales volumes fall, prices have to fall as well.

A slowdown in the market can simply manifest in fewer sales but no drop in prices - despite inventory levels.

If vendors won't sell below their target prices, then so be it, prices will be "sticky down". Historically, that's a situation that's repeated on many occasions in NZ.

Thus, it's quite likely house prices will fluctuate around their current level until the next market upswing - when they will rise again.


TTP, there are certainly times when "sticky down" applies but you've missed the mark when saying it best describes this as being the bottom or base of this market. I'd say "sticky down" stage will next set in after a plunge or capitulation, house prices hit rock bottom and the only way is UP!

One need only perform some unbiased research to discover the risks are stacked to the downside. You're right when saying there is no law that house prices will fall if there is increased unsold inventory but when the greedy herd buy on the emotion using leverage then chances are they will sell on the fear - period.

TTP, you together with DGZ, Yvil and Ecobird are paid up members of a club of short sighted house enthusiasts. You think the next 10 years will be the same as the past! You might as well use stars and luck as your guiding beacon - foolish.

Again, like with most credit cycles past their mature stage, capitalism will soon swing a fatal blow leaving many of its loyal worshipers broke and disillusioned.

Your comment is more wishful thinking than anything else. Capitalism will again swing a fatal blow?

Zachary Smith, I would NEVER wish this on anyone.

And your views are more than wishful thinking. This sounds just a little desperate.


I generally just report what's happening right now. How is that wishful thinking?

Nice try - but you are commenting on Retired Poppy's comment not reporting on the current status of the market.

Zachary, in line with just reporting the facts. Another good week in 1071 with multi offers on a plaster home near the beach in Sage Road. Sold at 2017 CV for close to $3,000,000. The agent I keep in contact with has sold 7 houses this month. Can’t find homes for everyone. Buyers around $2,500,000 for family homes. That’s where the demand is apparently.

$2.5M is a good price. That's about the average on my street but nothing for sale right now except for these two:

It would be interesting to find out who these buyers are. The common selling reason seems to be off to the rest home or directly to the pearly gates e.g. the Sage Road House was owned by a couple in their 90s that died in a car accident. Sad.

You guys are so funny.

If you had a 6 pack you would cut a hole in your shirt so everyone could see your AB's.

Price aside you would enjoy the Sage Road property. Rig up, walk down the street, sail for a couple of hours, back home for lunch, sail some more, then home and wash the rig on the front lawn.

swapacrate, this article is about house auctions, the guys are on topic.

Zach it’s more like capitalist welfare in the rental housing market and you know it
Majority of my rental companies house tenants over the decades were welfare recipients as is the case today especially
with working for families the middle class welfare Labour added

I agree wholeheartedly with you that the spruikers believe because they think it’s always been it will remain
TTP neglects the significance of the China quotient this time around
This combined with lowest of interest rates over an extended period being the other factor this time around
Frankly I enjoy the supercilious arguments from the spruikers
I had one advise me he was right because he’d sold his house to a top NZ sportsman Whatever that means
Upon reflection it probably means the spruikers here believe the same paradigm repeats in the property cycle
Maybe it will and all will be well
Looking at the comments by spruikers here they’re actually more concerned with telling us how clever they’ve been and how only they know the future of Auckland property based on historical facts.
There is no previous history of foreigners boosting the Auckland market to this extent along with low mortgage rates over many years so this time it’s all new with an all new ending

So if houses get no bids are they worth less then nothing, prices are really dropping.


Housing market is still unresponsive to lower mortgage rates and in many areas, lower asking prices. Current valuations clearly a concern to potential buyers. Excessive debt levels has rendered this market completely vulnerable to a financial shock which most will agree is way overdue.

Housing market has lost its Mojo!


I hope the two words "housing" and "market" part company, never to re-unite

So you keep saying and enlightening us everyday with every comment RP ....

Month after month, Auction after another , people who are blinded to see and understand market movements are sinking their head deeper in the sand to avoid the light - it is becoming an obsession for some !!

We all wish that barking at the same tree would change facts - wouldn't we? ...


And trying to spruik up a dying market is never obsessional. If you property despots were not so desperate to keep this ponzi alive you would not be so enormously involved in sites such as this.

lol, thank you for making my point,
Maybe you are on the wrong site Sir !!! ..some of us are here to guide the people who can SEE and Digest information, the utterly blind ones are hopeless cases ( like the ones who now think that Price is not important - lol !)

Eco Bird, how do you get a raven to stop raving?

Confiscate his computer ;-)

Retired Poppy
The central Auckland Area has seen some higher prices & Coastal NShore only down 1% from last year
Overall market is definitely trending down sentiment wise and that’s without any catalyst to really see some serious declines
Perhaps a capital gains tax on the value of the family home with the first million exempt ? How about that Labour ?


Small sales + increased inventory = falling prices

Just adding to the left side equation..

+ upcoming massive kiwibuilds

= prosperity for all :)

Yes, as much as the likes of the not to the point ilk would prefer, Housing as an exploitive investment is and will become an ever poorer choice. Especially as our young cohorts start to truly exercise their capacity to vote.

Clear indications that property is no longer the preferred choice of investment...

All those sitting on excessive properties will see their wealth deteriorating

bought yesterday in west auckland - 35K below new cv - vendor delighted and relieved ! probably overpaid but needed for work purposes so still huge value to us

give it another three months and the first 10% drop will be showing through - 9 months and if the panic starts .....

I received the agents email for Shortland Street. 16 auctioned, 9 sold of which three were prior sales. That said I don’t see the obsession over auction clearance rates. The same agent told me a couple of weeks back that he had three at auction of which one sold at auction and two had no bids but sold that day.

Another agent sent me the November stats for 1071. 53 sales with an average of 103% of CV, but don’t let the facts get in the way of your posts. Property will go either up or down, if it goes down it doesn’t make you any more a guru than tossing a coin.

I know a lot of people here are over the moon to see Mike Hosking leave Primetime TV but that doesn't mean house prices are falling! If you think you can buy an average house for less than $2M in DGZ you're trying to steal something! Nuff said.

DGZ is not Auckland, just a market within a market.

That's true LOL!!


I was over watching middle-aged white guys preach their personal views on everything to the nation. I was over watching their long-suffering co-host (usually a woman) sit dumbfounded, before flashing a smile to distract Aotearoa from the antics of her idiot TV 'husband'.... the focus of my frustration is Mike Hosking, not Toni Street. I watched Hosking this week waffle on as the head of his on-screen television family, completely oblivious to anything and anyone but himself....He reminded me of that uncle that decides to speak up at family gatherings and embarrasses everyone - but mostly himself - through his idiocy.

Got it pretty much spot on!

A $200K price drop, DGZ;

Its OK DGZ people idolise you because you live there, we all worry for you guys, and talk about how lucky you are. I've told my kids I can't take them to sports because I constantly think of your area. I have no life because I only think of your area. The all blacks are on the back burner now, no beach in summer its all about house prices in Remmers. How do we survive.

Don’t fret Swapacrate
See the new word the new moneyed has learnt “Nuff” ?
The multimillion $ nuff
Pity him his lack of education

Nuff education with 2x Bachelors and 1x Master degrees.
Nuffield Street = You can only shop there if you have enuff.
Nuff said.

DubleDzz Why do you write so poorly then ?
Wasn’t it you who told me about the union steam ships ?
When you’ve obtained a doctorate let me know

I'm working on my thesis about Kiwis who left NZ and shit on their own country when they're overseas.

As opposed to narcissist's that want to bury average income earners in debt and homelessness. I will take an opinion over debt and homelessness any day.


I know I should just let it go,but why oh why put an apostrophe in 'narcissists' when it's used as a plural? Since I'm at it,'that' is also wrong-it should be who.

Lots with no bids, must be gut wrenching

Housing won't get tax free gains so everyone is switching to bitcoin. I heard about someone who borrowed money and sold his kids bikes to buy bitcoin. Bitcoin is amazing and the crash will be spectacular.

I thought I'd take a stab at it early this year, but only decided to put around 2-3% of my equity into a few coins (bitcoin, ethereum etc.). That turned out to be an insanely good decision.

Just been to two auctions and I was the only one there, both auctions were not called

Barbie doll auctions ?

Lol. Seemed that way

DGZ, have you been monitoring pageviews on In the past they wasted no time releasing statements spruiking how the Chinese are lining up to buy up houses.

"Step right up people, buy NZ houses before the immigration crackdown"!

Things are a little quiet indeed. Chinese are no longer biting at the bit to buy "leafy suburb houses" or anything else for that matter.

Yes – it may be indicative of a trend – but maybe too much being read into events over this time of the year.

Expecting much clearer signals from the tea leaves in a month or two.

As for cryptocurrencies – I have tried a couple of times to get my head around it all – confess I’m still struggling.

Fascinating to watch though!

A plate of fry rice is now $12.50 at the food court, used to be $7.50!! When will the price come back to $7.50? It’s getting too expensive!

Move to Christchurch. $2.50 fried rice at uni.

Just need to open a restaurant next to the food court and sell similar dish for 10.50, surely customer would go to the new restaurant. Then the food court would have to drop their price :)

But it hasn’t happened. Need to build more food court and shopping centers!
I know you can buy cheaper fry rice in Tokoroa, but it’s a long drive..

Have you noticed the turnover of businesses in the food court – sometimes simply new owners, sometimes a new business or business model and sometimes a vacant space for a while.
Behind the scenes some bloodletting or someone’s misfortune being someone’s opportunity.
Money being made and lost over that fried rice – however there’s hardly sirens and loud speakers blaring to make all and sundry aware of such developments.
Have a look at the US if you want to see a hard fought battle over the $7.50 or $12.50 plate of rice – brutal doesn’t begin to describe that bun (rice) fight.
A slowdown in consumer spend here could be very telling – good news though, maybe you’ll then be able to get your now affordable $7.50 option! If you don’t have an income - $12.50 is probably out of reach.
And of course yes, one day in the future the dish of fried rice will probably be $17.50 – inflation and time having done its job.
And as always there will have been various winners and losers behind the scenes on the march to that $17.50.

Pretty sure food courts and 100% of new businesses in new housing areas are to serve the purpose of providing a pathway to immigration into the country via operating a business, I would struggle to point one out that has a NZ born NZer owner operator in it.

The plate of fry rice will never go back to $7.50. Make it yourself at home, only be careful that the electricity and rice costs are not more than what you would spend to buy plate of fry rice.

Really, 1 cup of rice + 1 unit of electricity / gas = very little indeed!

Labour cost may be of much more consequence - but it would seem that I ( and possibly yourself) were doing very much of anything as regards monetary value this weekend,

Possibly a bit harsh on myself - gorgeous weekend - quality beach time - a lively dip in unseasonably warm waters - and a wonderful stroll around the viaduct this morning with the good wife.

Let the fried rice fall where it may....

Hmmmm – Tokoroa, not everyone’s’ plate of rice to be sure.

But take a look at the quality of life - only an hour or so drive away from some fabulous spots to be enjoyed - now that a disproportionate amount of income isn’t being frittered away…..

There is no quality of life when you return home to an empty house.
Maybe a generalisation but true.

Home prices set to climb on buyer demand in GTA: forecast

Mr. Soper believes there is a greater risk of a return to runaway price increases in Toronto and Vancouver than a market crash in both cities.

Zachary, yeah I know, I have posted the following quotes previously but they serve as a timely reminder of how blind some people have once again become.

In 15 Feb 2006, Ben Bernanke said 'Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.'

"There will be no interruption of our permanent prosperity." - Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928

Yup, good times are ALWAYS just around the corner aye Zachary!

Yes, I believe it would be a better strategy to have a prosperity mindset.

Zachary - thank goodness!!

I seem to be lost in fried rice...

Speaking of high turnover of food court businesses...was talking to a local RE as to why our local shopping centre (MT Albert)doesn't get any new businesses except noodle houses,internet cafes etc.
She said there is an 'unwriiten' buy a business or start one up to gain immigration and then agree to onsell to another potential immigrant once your paperwork is completed,which answers the question as to how they survive as a business selling 3 plates of fried rice a's not about making money as a legitimate business.