Auction News
First Quarter 2012
The first quarter of this year has seen a 50% increase (in comparison to a record 2011 year) in our auction listing base as more vendors appreciate the value of trying to achieve a totally unconditional contract rather than spending time and money on conditional contracts where special conditions are often used to frustrate the sales process. Buyers also appreciate the comfort of being able to buy in a more transparent sales process.
There have been many “highlights” - beginning with the very large numbers of people who have attended each of the ten auction evenings held at the premier Bucklands Beach Yacht Club venue – which demonstrates the general interest there is in real estate within our Eastern Beaches area.
“Position” properties continue to attract attention – one such property, 5 Marine Parade Mellons Bay, sold “under the hammer” at $1,805,000 – this was a premier cliff top site that overlooked the Howick waterfront and out to a marine landscape, a property that offered exciting future potential. Close to the heart of Howick Village, 82 Uxbridge Road, a very well presented family home with generous living and bedroom options sold “under the hammer” $1,007,500.
Traditional brick and tile homes have received attention - 84 Reeves Road, Pakuranga sold “under the hammer” after 36 bids for $638,000. A brick and tile on a full section site at 21 Hutchinson Road Howick offered a genuine refurbishing opportunity and sold “under the hammer” after 21 bids at $482,000.
Properties that provide the addition of a minor dwelling have also received a great deal of attention – one property at 37 Nevada Avenue in Pakuranga included a main home of 3 bedrooms plus a quite separate 2 bedroom dwelling, after 27 bids the property sold “under the hammer “ at $781,000.
Central Howick has received active buyer interest - we have marketed many homes and it has been noticeable that particularly “refurbished with flair” properties have received immediate attention – 27A Howe Street was but one example selling “under the hammer” at $600,000.
Presentation always does count - another example of appreciation for a property that was “freshened up” for the next owner was 96 Mirrabooka Avenue Botany Downs, 3 bedrooms on a full section selling “under the hammer “ at $670,000 and a contrasting location 2 Anna Watson Drive, Half Moon Bay, on a half section site sold “under the hammer” after 29 bids for $507,500.
Our current May portfolio of properties indicates continuing buyer activity so we look forward to positive results for our Vendors and quality buying opportunities for our buyer customers.