Auckland Property Market

The Auckland Auctions-A day of action at the auctions in Auckland New Zealand

The Auckland Auctions-A day of action at the auctions in Auckland 

A few weeks ago I sent a day with one of my customers looking at what houses were being sold for at auctions in Auckland.

Here is a summary of the action that took place. 

First up at 9.00am were the mortgagee / receivership property auctions. 

1; The first home up was a property in Park Avenue Papatoetoe which was a brick and weatherboard one level solid home. It was low maintenance due to it being brick and weatherboard with aluminum joinery. Three bedrooms with internal garaging. This sold for $339,000.00.

2 ;The second home up was a place in McLennan Rd Mt Wellington which had three lounges, and so many bedrooms that it was not advertised in the preauction order of sale. This required work done on it but sold for $372,000.00.

3; The third home was a brick and tile property in Sheehan Ave Papakura. The property was on a full section which was fully fenced. Three bedrooms, large lounge, with a huge separate garage sold fro $256,000.00.

4; The forth home was a four bedroom home in Holland Street Pukekohe. This a one level brick home with 4 bedrooms and a separate lounge. It also had a huge workshop on a full site sold for $190,000.00.

5; The fifth home was another property in Holland Street Pukekohe. It was a 3 bedroom home made of hardiplank with a tile roof. Level section with a double garage sold for $165,000.00.

 6; The last place in Arnhelm Place Pukekohe was a one level brick and weatherboard house. With three bedrooms, large separate garage on a 1257m section this sold for $180,000.00.

The auction room was only half full of customers. By the time the next lot of properties were put up for sale the auction room had a few more people there to bid on the new stock on offer. 

7; First up was a 5 bedroom home on a level fully fenced site with a study, double garage and sea views inKohimarama Rd, sold at auction for $1.3m.

8; Second up was a property in Riddell rd which was 4 bedrooms, 3 bathrooms, office, rumpus room and garaging. This didn’t sell and was passed in at $1.8m.

9; The third property up was a large piece of land in Colonel Barton Glade (1234 Sq meters). This was also pasted in for $1m dollars.

10; The next two properties were two units side by side up for sale in Gowing drive Meadowbank. Both were two bedrooms with a carport. The first one sold for $361,000.00 was the second one was pasted in as it did not get any bidders.

11; The following property was in Gladstone Rd Parnell which was a 3 bedroom villa with a new modern kitchen. This sold for $900,000.00.

12; Next up was a property in Balfour Street Parnell. Three bedroom home with designer kitchen, rumpus room, patio and double garage sold for $1,430,000.00.

13 ; Following this property was a totally renovated 4 bedroom home with modern kitchen, polished floors and conservatory in Holland Ave Pt England and this received no bids at all starting $380,000.00.

 14; Apartment time now. This was a massive three bedroom penthouse inNelson StreetAuckland. With designer kitchen, office, large balcony and car parking this sold for $1.4m.

 15; With time running out the next home was two properties on one title inKohimarama Rdhad no bids at all.

 So then the next lot of properties was up at around 11.45 but the auction was behind by about 15 minutes.

 16; Next home up was in Syliva rd St Heliers which was a modern 4 bedroom home with modern kitchen deck and double garage. There were no bidders.

17; The following home was in Elstree Ave St Heliers which was a 4 bedroom home on full site, rumpus room double car port. This sold for $590500.00.

18; Towai Street Kohimarama was next. This was a 1930’s 3 bedroom home with a patio and garaging. They had no bids at all.

19; Then apartments where next up. This was aGore streetapartment with 2 bedrooms and a garage. This went up to around $320k when the bidding stopped and no one made any further bids. 

I then left the auctions to go and have a coffee with an old friend. Around 1.30pm I came back to find that the room was overflowing with people trying to bid. You could not move. Not only were all the seats taken but also there were people everywhere trying to see what was happening.

 20; The next property I saw was in Brown Street Ponsonby which was a three bedroom villa with new designer kitchen, polished floors and carport. Sold for $915,000.00

21; Tawera Rd Greenlane was next up. This was a 4 bedroom home with modern kitchen, large deck and garaging. It passed in at $820,000.00 with no bids at all.

22; This was a hotly disputed property beingOnlsow Avein Epsom. This was a 1940’s brick and tile 4 bedroom homes with a conservatory, garage, carport.This sold for $1605000.00.

23; Aspen Street Avondale was a 2 bedroom home with polished floors and a carport. This was passed in at $490,000.00.

24; Tawa Rd One Tree Hill was a 2 bedroom home with a self contained granny flat and carport. This sold for $711,000.00.

25; Sutherland rd Pt Chevalier was a fully renovated 3 bedroom home with modern kitchen, open plan living, deck and carport. Sold for $570,000.00.

26;Volcanic Streetin Mt Eden was a bungalow home consisting of 2 times 3 bedroom flats. This sold for $942,000.00.

27;NiagaraCrescent Lynfield was a newly built 4 bedroom home with designer kitchen, office and 2 internal garages. This was passed in for $800,000.00.

28; Hackett Street St Mary’s Bay is a 5 bedroom home with new kitchen, garage, and Sea views sold for $1.4m.

 29; A 4 bedroom home in Valley Rd Mt Eden with designer kitchen and polished floors and garaging sold for $1.3m.

30;Canal Rd Avondale was a four bedroom home with designer kitchen, polished floors and double internal garage sold for $622,000.00.

40; Hayr Rd Three kings was a four bedroom unit with modern kitchen, internal garage was passed in at $410,000.00.

41;Mt Albert Rdis a big 4 bedroom home on a flat section with conservatory, rumpus, deck and garage was pasted in at $650,000.00.

42;Toru Street Te Atatu Peninsula was a two bedroom brick and tile home with garaging sold for $320,000.00.

As you can see this was a busy day at the auctions. Some houses sold while others did not have any bids at all on them. The room really got busy after 1 o’clock.

Here are over 42 properties on sale at Auction in one day. This is just a sample of what is taking place in Auckland. If you are looking to buy a property by Auction and you need a home loan to buy that property make sure you have your home loan preapproval before you go?