More than $19 million in property was sold at Ray White Manurewa | Manukau | Mangere Bridge | Mangere’s auctions on Tuesday, with a 100 per cent clearance rate.
Ray White New Zealand Lead Auctioneer Sam Steele called all 17 auctions.
“Ray White’s leading auction business put on another masterclass in auction success showcasing their skill sets and in-depth understanding of the South Auckland market,” Mr Steele said.
“With 17/17 properties selling under the hammer and just under $20 million in property value, the lockdown restrictions in Auckland are doing little to dent the enthusiasm shown by buyers and sellers with stock levels at historic lows.
“Special mention must be given to the wider team at Ray White Manurewa | Manukau | Mangere Bridge | Mangere, results like this don’t simply happen and it’s a combined team effort of advice, expertise, and shared knowledge that ensures we maximise the value in a client’s property on auction day.”
A property at 35 Mervan Street, Mangere (pictured above), sold for $1.401 million — $791,000 above CV — a great result for the vendor and listing agent William Vaea.
The vendors had bought the property in 2006, and decided to sell as they wanted to upsize.
The property received a lot of interest from investors with 23 bids from 13 registered bidders.
The winning bid went to an investor who plans on developing the property.
Mr Vaea said the property was on a very good street where a number of developments were already taking place.
“The zoning is urban and the shape of the property was perfect,” he said.
“All services were onsite — the wastewater and stormwater were on the driveway near the fence which is ideal for developments.”
Mr Vaea said the Mangere market had been “crazy” as the suburb continued to grow.
“It’s popular because it’s in the central district,” he said.
“It’s right next to the airport and the tunnel really changed everything.
“On a normal day you can get from here to Auckland City within 20 minutes and to Manukau on a normal day it would only take 10 minutes.
“Plus all the developments happening on the outskirts of Auckland are making Mangere more central.”