There was a good level of bidding at this week's main Auckland apartment auctions with half of the properties offered selling under the hammer.
At City Sales just one apartment was up for grabs, a two bedroom unit in the City Zone complex on Liverpool St.
There were multiple bidders for it and it sold under the hammer, so the auction was short and sweet.
At Ray White City Apartments eight units were on offer, five of them in the CBD plus one each in Takapuna, Flat Bush and Mt Wellington.
The apartment in Flat Bush had remediation issues, but there were several potential buyers prepared to take a punt on it and bidding was competitive which saw it sell under the hammer, although it remediation issues were reflected in the price.
Two other apartments sold under the hammer and there was competitive bidding on another two that were passed in, another attracted just a single bid and was passed in and two attracted no bids, including a leasehold unit in the Scene Three building on Beach Road.
Details and photographs of all of the properties offered at both auctions and the prices achieved on those that sold, are available on our Residential Auction Results page.
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14 Comments
You know its very close to the collapse when even the mainstream media talk like this ! I can here those famous words of John Wheeler - 2018 the year of the crash.https://www.youtube.com/watch?v=NMnoG7caC9g
I could be wrong but when I had a quick look at the last weeks auction results there was a much bigger proportion of properties at under $1 million than there normally is. Maybe there’s more properties in the lower price brackets turning up at auction which is great for FHBs and we are seeing auction clearance rates tickle upwards a little bit.
DGZ had to sign out of his TTP account and then re-sign in as DGZ, he's a one man, 12/102 year old, Ponzi scheme machine, but definitely owns a rental, or maybe many rentals, bought his first house aged 2 or maybe 32, could be 72 who knows? Who cares? - you can't expect him to keep up the multi-character charade for too long without making a few mistakes can you? What day is it anyway? Anyway I'm all fairly sure we can believe in DGZ LoLLLZZZZZZ.
Good news for you TTP.
Time to put ya Jandals on and go out there and put your money where your mouth is.
I do think you are being a little premature saying that clearance rates are tracking higher though, I think over all volumes are still in the mid 30s where they have been for the last year
Happy spring house hunting for you :)
I will be holding off for now
You're going to love this home, and you're going to love this area.
https://youtu.be/T7-Kf3NJcuY
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