The sales rate improved at Barfoot & Thompson's auctions last week but the full results of its North Shore auctions have not been released

In fact there is no North Shore, it is a fantasy land created by B&T to push up the Auckland average house prices to keep the Ponzi going. The Harbour bridge is in fact half a bridge with a mirror and a couple of cars and trucks driving around in circles.

#Fakenews#Devonportmyth#Takapunawhere???

542 Remuera Road, Remuera – 2017 CV $17,000,000 - SOLD $25,500,000
50 Clonbern Road, Remuera – 2017 CV $2,600,000 - SOLD $3,300,000
8 Peach Parade, Remuera – 2017 CV $2,625,000 - SOLD $2,906,000
11 Martin Avenue, Remuera – 2017 CV 2,300,000 - SOLD $2,740,000
17 Rangitoto Ave, Remuera – 2017 CV $2,320,000 - SOLD $2,600,000
5 Corinth Street, Remuera – 2017 CV $1,925,000 - SOLD $2,600,000
12 Joseph Banks Tce, Remuera – 2017 CV $1,550,000 - SOLD $2,350,000
33B Koraha Street, Remuera – 2017 CV $1,425,000 - SOLD $1,845,000
5C Glenbrook Street, Remuera – 2017 CV $1,550,000 - SOLD $1,580,000
1C Haast Street, Remuera – 2017 CV $1,360,000 - SOLD $1,410,000

DGZ, since 08 March, it appears that 20x Epsom, Greenlane and St Johns properties were presented for auction, ALL were either postponed or passed in. None have sold since 08 March in Papakura either.

292 Kohimarama Road, 2017 CV-$1,260,000, sold for $$1,180,000
30 Bassett Road, Remuera, 2017 CV-$3,450,000, sold for $3,150,000
1 Douglas Road, Mount Eden, 2017 CV-$1,340,000, sold for $1,240,000
21 Poronui Road, Mount Eden, 2017 CV-$2,525,000, sold for $2,200,000
162 Rathgar Road, Henderson, 2017 CV-$1,020,000, sold for $1,031,000
52 Bodi Place, Te Atatu South, 2017 CV-$660,000, sold for $660,000
75 Seymour Road, Sunnyvale, 2017 CV-$690,00, sold for $680,000
129 Glamorgan Drive, Torbay, 2017 CV-$1,425,000, sold for $1,380,000
12 Peachgrove Road, Te Atatu Peninsula, 2017 CV-$950,000, sold for $830,000
123 Captain Scott Road, Glen Eden, 2017 CV-$770,000, sold for $758,000

No doubt unique properties such as ones that a completely gutted and renovated seem well supported but I personally still think the market is trending down.........

I'm not sure about you, but I find it irrelevant that people boast luxury properties as the basis of the house price market. The hell average FHB families are keen to have a swimming pool despite of struggling to buy a small unit.

Pretty sure auctioned houses are way more luxurious or have a location advantage. FHB will skip and proceed to the next page.

I'm scratching my head, please enlighten me.

This is why you’ll never gain a doctorate DubleD
Using Remmers paradigm is not representative of Auckland

Just pointing out "legit skilled shortage immigrants" and "not a laundered foreign money".

Aotearoa, land of the wrong white crowd.

But there will likely be a land tax applied to that 270,000km2 because, in the words of Milton Friedman, it's the least bad tax. That'll likely change how it's valued and motivate more productive and efficient use of land.

Don’t be fooled the percentage of immigrants entering NZ has been far higher on a population per capita basis than what has happened in Britain & the British got so fed up they voted for Brexit
albeit that was a silly outcome.
NZers merely write on blogs & flip houses
Some even have a weird fascination with Remuera homes go figure

Can go the other way too. Look at the Kaikoura earthquake.

@Didge "If the rate of ocean rise continues to change at this pace, sea level will rise 26 inches (65 centimeters) by 2100"

Unlikely. Seal levels have been rising at pretty consistent rate of ~2mm/year (with minor decadal variations) since 1860 (end of little ice age before CO2 started to rise significantly in 1940's.
http://notrickszone.com/wp-content/uploads/2014/04/C7.gif

Antartica is very slowly losing ice ~0.2mm/year sea level rise, Greenland about ~0.7mm/year and biggest causes of rise is ground water abstraction (~0.8mm a year) and thermosteric expansion ~0.6mm/year. There are no other significant sources to take account of, and nothing to indicate that they are accelerating - ground water abstraction can actually be expected to diminish as water is drawn down.

There are real threats to humankind, 2-300mm per century sea level rise isn't one of them.

You will be OK. With the raise of crypto currencies, there will be no real money left and your wealth will be just a digital script stored on some "secured" servers on the moon. The trick is finding somewhere to stay dry.

"The only thing worse than being blind is having sight but no vision"

Helen Keller

Don't forget the impact of AML regulations on RE agents. Isn't that supposed to kick in July?

Let’s not pretend we don’t know the pattern. People saying Remuera is holding up so the market is fine are being disingenuous.

Here is how the cycle works - the centre rises (that is Remuera and such), the growth spreads further and further out - first in Auckland, then to the other centres, then to the regions, then snap it starts reversing from the regions on back to the centre.

Now, it may or may not be true that Remuera is not impacted yet. But we wouldn’t expect it to be. We expect the drop to be most severe in Rotorua. Then we expect the south, west and north to be hit. Then it would be completely consistent with our prior for Remuera to drop, but by the least (percentage wise).

This will all hold true unless they change the school zone rules, and the the DGZ is f**ked.