$21M in property sold under the hammer in one day

Ray White Ray White Eastern Group sold $21 million in property under the hammer in one day with a 100 percent clearance rate.

Ray White | Howick | Half Moon Bay | Bucklands Beach | Pakuranga | Botany | Flat Bush sold 11 out of 11 properties during its online auctions on Monday.

Auctioneer Ken Ralph said it was a very good day with plenty of competition for properties.

“We had a total of 844 bids, which equals really good competitive bidding for a vast majority of the properties we had,” Mr Ralph said.

“It was a really good portfolio with a total unconditional sales valued at $21 million.

“They all sold exceptionally well and across the board they sold better than our pre-auction price indications.”

One outstanding result was 45 Old Barn Road, Opaheke ​(pictured above), which sold for $2.821 million — a great result for the vendors and Ray White Howick agents Balli Salyan and Anton Huang.

The property attracted a huge amount of attention with 10 registered bidders, 10 active bidders, and 62 total bids throughout the auction.

“It’s a beautiful property with a lot of future potential,” Mr Salyan said.

“The land was quite big and the house was beautiful.”

Mr Salyan said buyer interest mostly came from people wanting to live on a lifestyle block and people wanting the larger 9528sqm block for business uses.

“The winning bid went to a large family of owner occupiers,” he said.

“He was a honey wholesaler so he had plenty of land to use for beehives.”