Sales on round a 3rd of the properties at the cutting-edge auctions monitored through hobby.Co.Nz

Selling prices were fairly evenly clustered round rating valuations on the residential property auctions monitored using hobby. Co.Nz inside the week from 18-24 February. Of the 355 residential assets auctions across us of a monitor with the aid of hobby. Co. Nz in the week, income had been completed on 131 (inclusive of those who have been offered previously to the auction and those that had been provided right now afterward), giving an average income fee of just over a 3rd (37%).


The closing 224 properties have been commonly surpassed in, but some had been either withdrawn from sale just previous to their auction or had their auction date postponed. There were 106 homes wherein the selling charge become capable of being efficaciously matched to a council rating valuation (RV), and that they had been quite frivolously divided between residences that offered for extra than their RV (fifty-seven) and people that bought for less than their RV (forty-eight), with one property selling for the same as its RV.

The highest stage of auction activity was in Auckland, wherein hobby. Co. Nz monitored 234 auctions. Of those, income has been performed on 83 homes giving a universal income price of 35% in Auckland. Of the 68 Auckland residences where selling costs might be matched with RVs, 31 (forty-six %) offered for more significant than their RV, 36 (fifty-three %) provided for much less than their RV, and one sold for similar to its RV.

The consequences for man or woman residences at auctions are monitored through interest. Co. Nz is to be had on our Residential Auction Results page. We welcome your assistance to improve our coverage of this difficulty. Any examples or reviews to relate to? Any hyperlinks to other information, records, or studies to shed more great mild on this? Any perception or views on what might manifest next or what needs to happen subsequently? Any mistakes to correct? We welcome your comments below. If you aren’t already registered, please register to comment or click on on the “Register” link under a comment.

Remember, we welcome robust, respectful, and insightful debate. However, we do not appreciate abusive or defamatory feedback and will de-sign those repeatedly making such remarks. Our modern Comment policy is here.

Read Previous

Government Properties Income Trust (GOV) Q4 2018 Earnings Conference Call Transcript

Read Next

How to Tell Whether Your Home Is Energy Efficient