It was a game if two halves at this week's main Auckland apartment auctions, held in unseasonably warm and sunny conditions on the first day of winter.
First on to the field was Barfoot & Thompson, with three apartments on offer at their Shortland Street rooms in Auckland's CBD.
All three were upmarket offerings in recently completed complexes and were the type of apartments likely to appeal to owner-occupiers, particularly young professionals or retired folk looking to sell a family home in the suburbs and move into a city apartment.
Over the last few months these types of apartment have tended to fare a bit better at auction than the smaller units popular with investors, but at this auction the bids were thin on the ground.
The first apartment offered was a two bedroom/two bathroom unit in the Sugar Tree complex on Union St and it was passed in without receiving a single bid.
The other two both had just one bidder each and their bids were not high enough to get either of them across the line and they were both passed in.
The second half was a livelier affair played out at Ray White City Apartments' rooms on Lorne Street, where another three apartments were on offer.
Two were studios, one in the upmarket Precinct Residences building on Lorne St, and the third unit was standard investor fare, a two bedroom unit in the Zest building on Nelson St.
All three attracted competitive bids from multiple potential purchasers and all three were sold under the hammer, to cheers from the appreciative crowd on the sidelines.
Check out the full results from both auctions, with the prices achieved on the properties that sold and the details of the properties that didn't, on our Auction Results page.
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29 Comments
"sold under the hammer, to cheers from the appreciative crowd on the sidelines."
This is a firsthand account of NZ switching to a new national sport:
http://www.stuff.co.nz/sport/rugby/super-rugby/10164253/Crowds-lag-as-S…
Just sold at auction tonight. Six registered bidders fought hard to own 82 Upland Road Remuera. Sale price $3,756,000.
http://rwremuera.co.nz/auckland/remuera/82-upland-road-10259183/
Im not sure Ive driven around Auckland a lot and I never noticed Remuera being Auckland.
There is money in Remuera, but normally people with money like being wise with their money, thats how they made money. But you can also get people who have bought money from overseas.
I think thats a nice house for $3.3 better then some from Remmers I have seen posted on here. At least its not 700K for a house in Otara.
There are plenty of wealthy people, places like Mt Eden, Remuera, Herne Bay are well sort after no matter what the market conditions are. These are not the type of people that will be too effected when the squeeze comes on.
Keep an eye out for Waitakere, North Shore & Manukau, thats my bet for a few bargains in the not too distant future
Yeah I'm not convinced Zachary. I had look through the homes sales advertising magazine recently, and Hardcourts proclaimed in on of their ads that they have on average a 55% auction success rate with 6% additional clearance after auction negotiations. And from what we're witnessing from the auction results presented regularly on this site we all know that Hardcourts have grossly exaggerated their success.
Yeah but we can track these phrases and sentiments week to week, month to month from now on. And it might help to get a feel for market sentiment. If those figures don't change or reduce, then perhaps sentiment is unchanged. If these numbers increase, sentiment is worsening.
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