Ray White New Zealand scheduled 199 properties to go under the hammer last week, up 13.1 per cent year-on-year.
The group recorded a 51.1 per cent clearance rate, up 2.35 per cent, with an average of 2.0 registered and 1.8 active bidders per auction.
"Ray White’s auction portfolio continues to show impressive strength and momentum, with 199 auctions scheduled nationwide. A solid clearance rate of 51.1 per cent underscores the growing prominence of auctions within today’s market landscape," Ray White New Zealand head auctioneer Sam Steele said.
"Strong buyer engagement lifted the average number of registered bidders to 2.0 per auction — a notable increase that reflects the effectiveness of transparent, competitive bidding in achieving successful results.
"As listing volumes begin to stabilise, this trend is encouraging more homeowners to embrace the auction method, attracted by its ability to draw a wider pool of unconditional buyers. Meanwhile, anticipation around Auckland’s forthcoming CV updates has the market attentively watching for shifts in buyer and seller behaviour.
"Once again, auctions have outperformed private treaty sales in terms of time on market, with an average of just 32 days compared to 50 — a clear advantage in an increasingly competitive environment.
"With auctions now comprising 29 per cent of all Ray White listings nationwide, it’s clear that market confidence is steadily building."
The top result for the week went to Ray White Remuera’s Jayne Kiely and Amy Robertson who sold 268 Victoria Avenue, Remuera, Auckland City, under the hammer for $4.5 million. With Ray White auctioneer John Bowring on the gavel, the auction recorded two registered bidders.
“Located on a full 895sqm site on the favoured westerly side of the avenue, this home was loved and looked after meticulously by our vendors who fell in love with it the moment they walked in the front door 11 years ago,” Ms Kiely said.
“We had good numbers through the three and a half week campaign, but more importantly quality buyers came through the open homes, and we sold under the hammer to a buyer that absolutely loved the location, aspect and proximity to Hobson Bay, Remuera Village and excellent schooling options.
“268 Victoria Avenue was one of those homes that shone, and our vendors are now looking forward to spending more time at their beach house and planning some fabulous trips overseas.”
The auction with the highest number of bidders went to Ray White Manurewa agent Uros Bojovic who recorded 10 registered bidders and eight active bidders at his 31 Gainsborough Street, Manurewa, Manukau City auction. With Ray White New Zealand head auctioneer Sam Steele on the gavel, the property sold under the hammer for $673,000.
Mr Bojovic said the property was in need of a renovation.
“It had a lot of potential to add value,” he said.
“We had more than 32 groups through the home throughout the campaign with interest mostly from traders as well as investors and home buyers.
“The winning bid went to an investor/trader.”
Ray White City Realty Group were also feeling the effects of this week’s rate cut at their second auction event for the year, selling nine properties under the hammer to a total of $2.198 million. The average sale price for the event was $199,818, with 51 registered bidders and generating 196 individual bids.
Notably, 90 per cent of all properties were purchased by investors, which Ray White City Realty group sales and auction director Cameron Brain said signalled renewed confidence in the investment market—particularly in Auckland’s apartment sector.
"This was our second auction event for 2025, and it was pleasing to see bidding on every property within the order of sale—many of which had more than three active bidders," Mr Brain said.
"The Auckland apartment market has faced significant headwinds in recent years with the removal of interest deductibility and restrictions on overseas investment.
“Last week’s results clearly showed that with full interest deductibility now reinstated, investors are returning with confidence and momentum."
