Christchurch auctions hammer home over $6.5M
Auction in-room success for Ray White offices across Christchurch continues to impress as 10 properties sold under the hammer for more than $6.5 million combined.
“This campaign was attracting both investors and young families and that led to two of the registered buyers actively competing against each-other,” Ms Milne said.
“The market remains strong and we’re still seeing the demand for stock outstripping the supply and buyers are still wanting to purchase.”
Another stand-out came via Ray White Metro Salesperson Rebecca Toone as she successfully sold 136 McFaddens Road (pictured above) in St Albans for $440,000.
“We had 21 groups through during the open homes with three of the registered buyers being a mix of land bankers and developers,” Ms Toone said.
“From what we can see on the ground, we’re not witnessing any effect on the market from the recent changes in LVR by the New Zealand Government.”