A waterfront apartment on Quay St sold at Bayleys’ auction today, but a new penthouse unit in Urban Collective Ltd (Kelly McEwan)’s The Citizen, across the road from Basque Park in Eden Terrace, attracted no bid.
Te Atatu Peninsula
5 of the 8 properties auctioned in Bayleys’ Total Property 5 auction in Auckland today sold under the hammer, and a sixth sold a couple of hours later at a hefty premium above the last bid.
4 suburban units and a studio in the Connaught apartment building were sold at Barfoot & Thompson’s city residential auctions on Wednesday, out of 19 homes offered.
As more of Auckland’s unitary plan has become operative this year, awareness has grown of the changes in residential land potential, and therefore potential value.
Amid the noise over a decline in residential sales, it’s important to establish where that’s happening and in what types of market.
You could see a residential property market at a crossroads yesterday.