There was a smaller selection on offer at this week's main Auckland apartment auctions and although there were bids on all of the properties offered, buyers were being cautious on price.
It was also perhaps significant that all of the properties offered this week were better quality units that could have appealed to owner-occupiers, as well as investors.
At Barfoot & Thompson's main apartment auction two units were on offer, the first a two bedroom unit in The Metropolis building which had east facing views over Albert Park, and the second was a spacious two bedroom, 2 bathroom penthouse with a car park in the Summit building on the corner of Symonds St and Karangahape Rd.
There were multiple bidders for the Metropolis unit but it was passed in with a top bid of $510,000, and just a single bidder for the Summit unit, which was passed in at $850,000.
Ray White City Apartments also had two units on offer at their regular auction this week, a one bedroom unit in the Spencer on Byron building at Takapuna, and 116 square metre unit with three bedrooms, two bathrooms and a car park in the Sugartree Centro complex on the Nelson St ridge.
The were multiple bidders for both properties and the Spencer on Byron unit sold under the hammer for $460,000, while the Sugartree unit was passed in at $900,000.
Details of the apartments from both auctions and of many other auctioned properties from around the country are available on our Residential Auction Results page.
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