There was good interest from buyers at all three of the main Auckland apartment auctions this week, although results were a bit mixed.
Things started on a high note at the City Sales auction on Wednesday, where two properties were offered, a studio on Symonds Street which was definite investor fare, and a 60 square metre, two bedroom unit on Federal Street, which could have appealed to investors or owner-occupiers.
Both properties attracted competitive bidding and both were sold under the hammer.
At Barfoot & Thompson's apartment auction on Thursday just one property was offered, a 50 square metre one bedroom plus study unit in the Victoria Residences building in Victoria Street.
There was competitive bidding on the unit from several potential buyers. But the highest bid of $671,000 wasn't enough to get it across the line and it was passed in for sale by negotiation.
At Ray White City Apartments' auction later on Thursday five properties were on the block, ranging from traditional investor fare such as a three bedroom unit in the Volt building on the corner of Mayoral Drive and Queen Street, to units that would also have appealed to owner-occupiers.
Four of the units attracted competitive bidding, with two of those selling under the hammer and there was no bidding on the fifth.
So of the eight properties offered at this week's main apartment auctions, four were sold under the hammer and there was serious bidding on another three, suggesting a good possibility that deals would be struck on those in post auction negotiations.
The details of all the properties offered and the prices achieved on those that sold are available on our Residential Auction Results page.
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