8 intensive residences sell at Barfoots auction
3 apartments & Orewa development site sell at Bayleys
Colliers auction yesterday: Avondale warehouse sells at 6.7% yield
Productivity Commission releases final report on land for housing
10.42am:
8 intensive residences sell at Barfoots auction
8 apartments, suburban units, townhouses & cross-leased homes (as a group, what I’d call intensive residences) were sold at Barfoot & Thompson’s auctions yesterday, out of 23 offered.
The agency had 81 properties listed for 3 auction sessions, including one commercial property not sold, 7 sold prior and a couple withdrawn. Most of the properties offered were standalone homes – the market which has been the focus for speculative transactions based on windfall capital gains, which I haven’t been writing about, so I haven’t tracked how many of those were sold.
Barfoots was sprinkling apartments through its residential auctions, but recently started to group them at the end of the morning auction session. 4 cbd apartments were offered yesterday in that auction segment, and 2 sold. Auction results:
Kohimarama, 5 Kohimarama Rd, unit 7, sold for $1.2 million, Zdenka Zinajic
Mt Wellington, 31C Ferndale Rd, townhouse, no bid, back on the market at $685,000, Steve Hood
Remuera, 20 Armadale Rd, unit 1, passed in, Jane Wang & Angela Qi
Remuera, 189C Portland Rd, unit, passed in, back on market at $1.39 million, Fiona Lee
Mt Wellington, 68 Ruawai Rd, unit 5, passed in, back on market at $509,000, Jane Chen
Kohimarama, 46 Southern Cross Rd, unit 1, unit + self-contained flat, no bid, Thomas Weber
Parnell, 27 Birdwood Crescent, unit 8, terrace townhouse, sold for $940,000, Cheryl Burgess & Ian Griffiths
Beachlands, 38 Wakelin Rd, 2 shops + 3-level residence, passed in, David Sylvester & Kim Loo
Remuera, 4A Corinth St, sold for $880,000, Jill Jackson & Emma John
HarbourCity, 16 Gore St, unit 27C, passed in, sold post-auction, Jason Buckwell
Almora, 100 Greys Avenue, unit 1N, sold for $165,000, Mike Campbell
Meadowbank, 24A Archdall St, no bid, back on the market at $975,000, Amy Wilson-Chan & Dawn Buxton
Hobson Gardens, 205 Hobson St, unit 9G, passed in, Stephen & Leo Shin
HarbourCity, 16 Gore St, unit 10B, sold for $185,000, Jason Buckwell
Sandringham, 29 Lancing Rd, unit 2, sold for $640,000, Leonie Stabler
Sandringham, The Kingsway, 11 Kingsway Avenue, unit 2, sold for $430,000, Di Lynds
Sandringham, 11B Euston Rd, unit, no bid, Christine & Mark Wooding
Mt Albert, 17 Burch St, unit 3, cross-leased, passed in, Matt O’Rourke & Joanne Simpson
Henderson, 26 Swanson Rd, cross-leased, no bid, Dennis Law & Helen Lam
Titirangi, 81 Meadowvale Rise, cross-leased, sold for $570,000, Wayne Zhang & Anna Lechtchinski
Mt Albert, 1113A New North Rd, cross-leased, no bid, back on market at $839,000, Christine & Mark Wooding
Newmarket, Kings Square, 26 Remuera Rd, unit 409, no bid, Nick Guan & Richard Pearce
Mt Eden, 812 Dominion Rd, cross-leased, passed in at $950,000, Derek Helliwell & Cathy Giles
3 apartments & Orewa development site sell at Bayleys
3 apartments sold at Bayleys’ residential auction yesterday – one in the cbd, one a cbd hotel unit and the third in Grey Lynn.
A large development site on the western side of Orewa’s beachfront Hibiscus Coast Highway was also sold. Auction results:
The Carlisle, 7 Emily Place, unit 3G, sold for $725,000, Julie Prince & Diane Jackson
Grey Lynn, 10 Rose Rd, unit 8, sold for $1.045 million, Robyn Clark & Peter Tanner
Grey Lynn, 10 Rose Rd, unit 7, no bid, Robyn Clark & Peter Tanner
Orewa, 406 & 408 Hibiscus Coast Highway, 2247m² on 2 titles, sold for $2.9 million at $1291/m², Jenni Finlayson
Amora Hotel, 100 Greys Avenue, unit 5C, sold for $195,000, Marcus Fava
Te Atatu South, 223 Edmonton Rd, 2 single-level 2-bedroom units, sold for $797,000, Simon Spiller & Paul Berry
Colliers auction yesterday: Avondale warehouse sells at 6.7% yield
Productivity Commission releases final report on land for housing
The Productivity Commission issued its final report on Using land for housing yesterday. I’ll report on that tomorrow, but the link is below.
Link: Productivity Council, Using land for housing, final report
Attribution: Auctions, Productivity Commission.