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Auction Report 15 November 2022

This portfolio was a reflection of the variety of property type across our Eastern Beaches area, to satisfy the variety of buying criteria, for young to older alike plus investment options.

Buyers, in particular, are taking advantage of quality property listings to focus on their requirements for the new year, be that for schooling requirements, size of home or lifestyle. Our Eastern Beaches area certainly offers buyers quality real estate options and quality buying real estate assets.

Again, it was our pleasure to welcome a pleasing attendance to the Headsail room of the Bucklands Beach Yacht Club, the home of Ray White Auctions. Those attending included people who had registered bidding interest, those who had expressed conditional buying interest and obviously those who came along to see what is selling and for what price to give an idea of what is happening very currently in the real estate market.

This portfolio included quality properties across our residential areas of predominately Pakuranga, Bucklands Beach, Cockle Bay, Howick, Highland Park and nearby Takanini.

As with previous weeks, it was evident that being able to place properties “on the market” to sell “under the hammer” was the key factor in vendors being rewarded with further bidding and achieving the pleasing final prices.

Highlights throughout the evening:

1/ 161 Aviemore Drive Highland Park attracted buyers who appreciated the presentation of this three bedroom, two bathroom home, that included a new kitchen, updated bathroom. Highland Park always proves popular as it enjoys quite a central position to offer a variety of shopping, services and schooling. With 6 positive competitive bids it sold “under the hammer” at $1,055,000.

20 Ayr Road Pakuranga invited a change of ownership after some 63 years of family ownership – a rather special feature. 883m2 surrounds the traditionally built home of three bedrooms. Terrace housing zoning no doubt played a part in buyer interest either for the near future or a land bank for a longer future investment. Very competitive positive bidding resulted in a total of 29 bids, and a sale “under the hammer” at $1,655,000.

1/30 Galsworthy Place Bucklands Beach was a property that demonstrated the variety of property type found within our residential areas. The floor plan provides efficient living with two bedrooms, all of which benefit from a contemporary presentation. Outdoor section space ensures easier care outdoor living.  Very positive bidding resulted in some 20 bids and a sale “under the hammer” at $873,500.

3/32 Millen Avenue Pakuranga offered buyers a brick clad one level floorplan home where new ownership will have the opportunity to refreshen up the presentation with new ownership décor preferences.  Two bedrooms and combined living ensured indoor efficiency with easier care outdoor living. Easy access to waterfront, shopping, services, public transport either side of the Panmure Bridge makes this neighbourhood address very appealing. After some 8 bids it sold “under the hammer” at $732,000.

6 Sale Street Cockle Bay is found in a highly popular established street that enjoys a Howick/ Cockle Bay border locality, with this property perhaps demonstrating the established nature of this address offering a 1950’s classic home of three bedrooms, surrounded by a very spacious 1070m2 section. Four strong bids and auction negotiations ensured that the property changed hands with a sale “under the hammer” at $1,540,000.

4/55 Willoughby Avenue Howick was another easier care option as part of a unit complex, again, part of an established neighbourhood. The floor plan provides two bedrooms, open plan living which includes contemporary kitchen fittings/ fixtures. It sold “under the hammer” at $650,000.

The balance of the portfolio attracted bidding which did not reach seller expectations to allow a sale under hammer, or, conditional buyer interest, and so we continue to work with these interests to secure a sale satisfactory to our sellers.

So, after three weeks of marketing, an extremely pleasing, positive, response to the three weeks of marketing. A market confidence result, however, it needs to be acknowledged that, the “under the hammer” sales provided buyers with an opportunity to buy quality real estate assets knowing that while having to competitively bid/ buy to be the “winner” they were bidding/buying property that was also the first choice for a number of other buyers.

The excellent prices achieved confirmed our ability to maximise price for our vendors, however, to achieve such results, buyer interest, working with our mortgage broker partners, bidding registrations and actual competitive bidding are the components to achieving great results.

It should also be noted, that our considerable experience during the auction of these properties, was the catalyst to ensuring that both vendors and buyers completed the evening with the success they had wished for prior to our 6pm start.

Ken Ralph

Auction Services Manager