The top result for the week went to Ray White Parnell’s John Q who recorded Ray White New Zealand’s highest auction sale price for the year-to-date with 76 & 76A Lucerne Road, Remuera, Auckland City, selling under the hammer for $6.6 million with five registered bidders and five active bidders.
The top auction for number of bidders went to Ray White Sandringham agent Diane Goer who recorded 11 registered bidders and eight active bidders at her 7 Horoeka Avenue, Mount Eden, auction.
An original 1,105sqm villa, the property was being offered to market for the first time in 89 years. With Ray White City Realty Group director of sales and auctions on the gavel, bidding started at $500,000. After a whopping 92 bids, the property sold under the hammer for $3.29 million.
Ms Goer said it was a very special property with a lovely feel.
“The property attracted interest from both builders and family groups,” Ms Goer said.
“The winning bid went to a young family who purchased the property for generational living.”
Mr Brain said there were some encouraging signs for the property market in the second half of 2025, with Ray White City Realty Group scheduling 35 auctions to go ahead next week.
“After a quieter period, it’s been fantastic to see such strong buyer engagement,” he said.
“While last week's Budget didn’t introduce any major housing initiatives, the Auckland property market is well positioned for a gradual recovery in the second half of the year.
“Interest rates remain a key factor, with many buyers still anticipating further movement.
“Although we’ve seen a slight dip in average open home attendance, average bidder numbers per auction are increasing—which is an encouraging sign.
“Overall, I believe the second half of 2025 is shaping up to be an exciting and active period for the market."
