What's happening in the market right NOW
Read Here

Virtual Auction Success Soars at Ray White City Apartments with Strong Bidding.

By Daniel Horrobin

Ray White offices in New Zealand hammered home more strong auction results yesterday as a rising clearance rate indicated buyer confidence was well and truly back.

Success was experienced at Ray White City Apartments on 21st May 2020 as they successfully sold 3/5 properties under the hammer for a combined NZ$1,050,000.

“There was a good mix of telephone buyers, with around 22 online viewers and 50 people in attendance in the office,” says Auction Manager Cameron Brain.

“All bar one person were phone buyers. There were multiple buyers on all properties, with around 15 active buyers and 20 registered.”

“It was really encouraging to see strong bidding on all properties in various price ranges.”

Dom Worthington & Ady Huang (Ray White City Apartment Team) had the first Auction up selling 604/10 Ronayne Street, Auckland Under the Hammer for $170,000

Team Yurak – Michelle Yurak & Judi Yurak (City Apartment Team) Sold 2B/125a Hobson Street, Auckland under the hammer for $490,000

Iona Rodrigues (Eden Terrace Team) then Sold 222/184 Symonds Street, Grafton under the hammer for $390,000. (pictured below with her happy vendors)

Team Yurak (Judi & Michelle) & Marco Sahar (City Apartment Team) had 10/68 Mountain Road, Mt Wellington Passed in, but had offers immediately after and are in close negotiations.

Jean Ooi (City Apartment Team) had her property at 6D/100 Greys Avenue, Auckland passed in and is also in negotiations with the highest bidder.

The highlight of the day was at 125A Hobson Street, Auckland Central (pictured ), where Ray White City Apartments Salespeople Judi Yurak and Michelle Yurak (Team Yurak) managed the NZ$490,000 sale of the property – an apartment that attracted 5 registered buyers.

“We were encouraged by the level of engagement and enquiry among apartment owners and buyers right throughout the lockdown period,” said Ray White City Group Director Daniel Horrobin.

“Leading into today’s auctions, our team was confident yet cautious, given the circumstances surrounding our newly adapted platform and rules under Alert Level 2.”

We also had Team City (Steve Kirk, Habeeb Urrahman and Chris Cairns) who had 2/3 of the successful buyers on the day.

What a great way to start after only recently joining the City Apartments team.

“Phone bidding was encouraged and warmly accepted by buyers, along with a strong engagement online through our Google Hangouts platform. Today’s auctions demonstrated to us that people are still really keen to transact in the real estate world, especially with the tried and tested auction method of sale, as it continues to create strong competition and outstanding results across the board.”

Up to Date

Latest News

  • Activity Elevates in the Auckland Apartment Market

    Momentum hit the Auckland apartment market in January with a high level of new listings coming to the market, and plenty of buyer competition driving one of our strongest January’s yet. This activity was evidenced with our City Apartments business proudly sitting as #2 Office in the group nationwide. Our … Read more

    Read Full Post

  • Affordability, Tenant Confidence and High Returns Continue to Drive Auckland’s Apartment Market

    Auckland’s Apartment Market remained buoyant throughout December with continued interest from investors across the Nation, and first home buyers remaining active in the inner-city and city fringe areas. We’re also seeing an influx of local students starting to snap up inner-city apartments to rent before University starts back, filling the … Read more

    Read Full Post