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Auction

Auction Report 15 November 2021

Our 15 November portfolio offered buyers an opportunity to buy properties within our residential areas of Pakuranga, Bucklands Beach, Howick, Golflands, Dannemora, Flat Bush, plus just outside of our Eastern Beaches area in Totara Heights and Goodwood Heights.

With Level 3 Lockdown still in place, our real estate activity has continued using the Online virtual platform to conduct auctions, giving our vendor clients the opportunity to sell with a totally unconditional sale agreement.

Despite the continuation of the lockdown restrictions real estate activity, as indicated above, has continued with an obvious confidence which has been amply demonstrated with multi bidding competition for the properties that have been offered For Sale through our Auction Programmes. The sale success has been a tribute to the quality of our clients’ properties and also the demand to live within our Eastern Beaches area and also the attention to buying options outside of our Eastern Beaches area.

Highlights from 15 November

13 Moycullien Lane, Dannemora started our busy afternoon. It offered buyers a very well presented, brick and tile one level floor plan home located in a popular cul de sac street within close distance to the Botany Town Centre. After 23 years of enjoyable ownership, buyers quickly appreciated its many attributes and neighbourhood location with 35 competitive finalising a sale  “under the hammer “ at $1,688,000.

9 Annalong Drive, Dannemora offered buyers a brick and tile one level floor plan home which included four bedrooms , a separate lounge, sitting room, excellent kitchen fittings/ fixtures and more separate dining. A central courtyard was a feature of the outdoor living. Determined buying resulted in a sale “under the hammer “ at $2,310,000.

14 Els Close, Golflands offered buyers an opportunity to buy an easier care one level floor plan home and a  buying opportunity that would cater to a mortgage budget to suit more buyers. Two outdoor courtyards will ensure pleasing outdoor living while its close proximity to the Botany Town Centre would have been another positive buying factor. After some 32 competitive bids it sold “under hammer “ at $909,000.

11 Ilex Place, Totara Heights offered buyers a great viewing landscape that stretched from the Manukau multi-level buildings, outline Manukau Harbour, CBD buildings even a Rangitoto outline on the skyline. The floor plan provides three bedrooms separate dining and lounge with the lower-level spacing offering new ownership utilisation options. It sold “under the hammer “ at a pleasing $1,380,000.

12 Finesse Lane, Bucklands Beach offered buyers a near new Finesse Homes built townhouse with a well-designed floor plan over two levels. Easy access to The Parade of Bucklands Beach and the sports, recreation, restaurants, and services that surround the Peninsula offer a special lifestyle with Macleans school zoning under pinning value. It too, sold “ under the hammer “ at $1.860,000.

122A Moore Street, Howick was able to confirm an auction date due to an unconditional offer that was presented to our vendor and accepted subject to the property being submitted to auction at the confirmed date. Waiting more time was never going to be an option for buyers who would have immediately appreciated the very stylish presentation of this near new townhouse. Décor, finishing touches amplified the contemporary chic presentation throughout the two level floor plan which includes combined living at the lower level and three bedrooms, two includes en suites. A Howick Village neighbourhood would have been another positive buying factor. This townhouse deserved the bidding attention which started at the preauction offer at $1,385,000 and after 21 further bids sold “under the hammer “ at $1,436,000.

646 Redoubt Road, Flat Bush finished the busy afternoon. A lot of buyer attention was paid to this substantial home surrounded by 15,462m2 offering privacy in a country living environment. Spacious formal and family living rooms, six bedrooms, outdoor dining, large patio paving and imposing gazebo over spa pool, ensures family and guest outdoor living, while the grounds and garden landscaping enclosed by natural landscaping ensures appealing privacy. With six bidders joining and re-joining the bidding and with patience required for bidding during 51 minutes, after extremely competitive 45 bids it eventually sold “under the hammer “ at $3,800,000.

The balance of the portfolio faced bidding, however, not to a level that met vendors selling price expectations, so we continue to work with the buyer interest to effect a sale for our vendor clients.

So, despite the continued interruptions of Lockdown, extremely pleasing, positive, competitive bidding, for these  properties sold under the hammer , but also, it needs to be acknowledged that the 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.

It has been quite apparent that both vendors and buyers have made transaction decisions to best suit their current requirements, not needing more time to secure their future, after all, life does not wait for any of us, and we should note that there are now relatively few weeks left to complete a real estate transaction prior to the Christmas/ New Year break.

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.

This was all completed despite all the challenges of our Level 3 Lockdown.

Ken Ralph

Auction Services Manager