The top result of the week went to Ray White Mt Eden agents Robyn Ellson and Olivia Doyle for 2 Burnley Terrace, Mount Eden, which sold under the hammer for $2 million.
The winning bid went to a family who had been looking to move to Mt Eden.
“The buyers were my vendors for a property I sold at auction five minutes before. Their home sold for $1.4 million and then they bought this one,” Ms Ellson said.
“They were selling at Green Bay and I had been working with them to get them in Mt Eden and I had the perfect house for them.
“We’re finishing up June with a 100 per cent success.
“We’re getting into a real tight supply period and it seems like we’re shifting a bit back into a sellers market.
“I think we’ll stay in this period right up until the election if supply remains tight.”
A property at 18 West Glade Crescent, Birkenhead, North Shore City recorded a whopping 12 registered bidders, selling under the hammer for $1.122 million.
Ray White Verrans Corner listing agent David Millington said the property received a lot of interest with 180 groups through the open homes, with the majority of interest coming from first home buyers.
“The winning bid went to a first home buyer,” Mr Millington said.
“We’re seeing a huge surge of first home buyers who were waiting for the bottom of the market and have now realised the bottom hit a few months ago so they’re rushing to the market.
“Most first home buyers are using Kiwi Saver for part of their deposit at least, including the buyers at 18 West Glade Crescent.”
The sellers were a family who are moving back to the UK.
Another property at 42 Feasegate Street, Manurewa, Manukau City also attracted 12 registered bidders, selling under the hammer for $686,000.
The property was brought to market by Ray White Mangere agent William Vaea on behalf of the vendors who were relocating to Tonga after purchasing a restaurant.
“The house needed a lot of work – there was leaking through the roof and the floor was ready to cave in,” Mr Vaea said.
“The vendors were very realistic about their price but it ended up exceeding their expectations.
“Almost everyone who bid wanted to renovate and sell it, but the buyer was actually land banking it with hopes of developing it in the future.
“If a property has opportunity to add value you can almost guarantee you’ll have a few buyers there.”
A three-bedroom Ohope Beach apartment has bucked the trend of a softening property market, selling under the hammer for $1.71 million, a new record for the Horizon Apartments.
Marketed by Ray White Ohope agent Tony Bonne, 12/232 Pohutukawa Avenue, Ohope, Whakatane District attracted five registered bidders and three active bidders on auction day.
The previous record for the Horizon Apartments was for 6/232 Pohutukawa Avenue, Ohope, Whakatane District which Mr Bonne sold for $1.172 million in July 2021.
Mr Bonne said this exceptional price had gone against the trend of the softened property market which was being felt nationwide.
“This is a fine example of how auctions create competition, particularly when you have more than one person wanting a property, buyers will often pay where they see the value sits,” Mr Bonne said.
“The other key factor I believe is that this apartment was staged which made the apartment feel and look very attractive.”
Media contacts:
Sam Steele
Lead Auctioneer
Ray White New Zealand
027 864 3254
ssteele@raywhite.com
Cassandra Glover
Media Advisor
Ray White Group
+61 447 000 472
cglover@raywhite.com
