A small number offered at the latest apartment auctions – buyers were active but remain cautious on price

The interior of a two bedroom unit in the Alpha building that sold for $490,000.

There were just eight apartments on offer at this week’s main Auckland apartment auctions, and although buyers were about they were generally cautious in their bidding.

City Sales was first out of the blocks with three apartments on offer, one in the Aura building on Cook Street, another in The Quadrant building near the High Court, and the third in the CityZone building off the top end of Queen St.

Buyers were unusually shy when it came to making opening bids, forcing the auctioneer to open the proceedings on all three apartments with vendor bids, but that then encouraged other bidders out of the woodwork with multiple bids received on The Quadrant and CityZone units and a single bid on the Aura unit. But only The Quadrant unit was sold under the hammer.

Barfoot & Thompson also had three units on offer, all of them good quality units that would usually appeal to owner-occupiers, and there was particularly strong bidding for a one bedroom apartment in the Shortland Apartments building at the top end of Shortland St which sold under the hammer.

A unit in the Eclipse building on Vincent St attracted multiple bids, but was passed in. There were no bids for a unit in the Connaught building on Waterloo Quadrant.

Two units were offered at Ray White City Apartments’ auction and both attracted multiple bids.

A unit in the Alpha building on Vogel Land was sold under the hammer and although there were multiple bidders for a huge 100 square metre, one bedroom apartment in The Hobson building, it was passed in for sale by negotiation.

Further details of all the properties offered and the selling prices of those that sold are available on our Residential Auction Results page.

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