Auction competition strong in South Auckland with $33 million sold in lockdown

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Lockdown has proved to be a hugely successful auction period for Ray White Manurewa | Manukau | Mangere Bridge | Mangere who have sold  $33.125 million in property with a 96.5 per cent clearance rate. 

The offices had yet another successful auction night on Tuesday, with seven out of seven properties sold under the hammer, with each auction called by Lead Auctioneer for Ray White New Zealand Sam Steele. 

He said each auction received an average of 50 bids. 

“It shows real confidence in the South Auckland market that these results continue to showcase and the disparity of conducting auctions in lockdown has become a strength with many sales records being set,” Mr Steele said. 

“The resilience of buyers bidding is not fortuitous but instead concentrated and well planned out by the team involved.” 

A Papakura property located at 28 Sutton Crescent received keen interest with 11 registered bidders at auction on Tuesday night, receiving a total of 103 bids. 

The property sold for $1.566 million — $916,000 above CV — a great result for the vendor and listing agent Nelson Takle. 

Mr Takle said interest had come from local developers. 

“There are a lot of developments and projects going on in Papakura,” he said. 

“It’s seen as one of the most affordable areas in Auckland and the land is very flat.

“It was a solid development site — it was a perfect rectangle and it was flat with a wastewater connection on site and stormwater close by.” 

Another property at 136 Weymouth Road, Manurewa, sold for $1.351 million — $731,000 above CV. 

The property also received a lot of interest with 15 bidders registered and active. 

Ray White Manurewa | Manukau | Mangere Bridge | Mangere has 20 auctions listed for next week, with a total of 79 auctions booked for September. 

Principal Tom Rawson said the team had used its experience from the previous lockdown to achieve fantastic results during the most recent lockdown. 

“Our team are treating this lockdown as another working day, the difference being we are each in our own homes,” Mr Rawson said. 

“It’s been great to be able to help people who need to sell. 

“A lot of people had sold in the week prior to lockdown with the intention of buying the following week, as we went into lockdown. 

“So it has been great to still be able to help people with a genuine need to buy or sell.” 

Mr Rawson said despite lockdown, demand had been driven by buyers and sellers with a “genuine need to transact”. 

“We have had people from the South Island who needed to move north, and vice versa,” he said. 

“People are not letting the lockdown stop them from their intended plans, not knowing when we may be out of this lockdown, people have chosen to act.”

While lockdown presented some challenges to buying and selling homes, Mr Rawson said the demand was still there. 

“The properties coming to the market now are generally not professionally photographed as this isn’t an essential service, so try to work with your agent remotely to get the best exposure of your property,” he said. 

“Supply and demand is still a critical consideration and as supply is declining the longer we are in lockdown, your home may stand out more to the pent-up demand.”