Most apartments attracted multiple bids but buyers were picky, with half sold and half passed in at the latest apartment auctions

This 38 square metre, two bedroom apartment in The Crecent building sold for $416,500.

Exactly half of the apartments offered were sold under the hammer at the latest Auckland apartment auctions.

City Sales was first off the blocks, with four apartments on offer.

One had its auction date postponed but there were multiple bidders on the other three with two selling under the hammer.

One was a 91 square metre leasehold unit on Quay St in the CBD that went for $122,000, and the other was a 46 square metre unit on Symonds St that fetched $420,000.

Of the five units due to be offered at Barfoot & Thompson’s apartment auction, one was sold prior to the commencement of the auction, one was withdrawn from sale, two sold under the hammer and one was passed in.

Two commercial properties were also offered at the same auction, with one selling and the other passed in.

Things were comparatively restrained at Ray White City Apartments’ auction where they have been getting a high success rate recently.

There was competitive bidding on all five apartments on offer but just two were sold under the hammer.

The auction had an unusually high percentage of Chinese people bidding compared to other recent auctions, but they tended to remain cautious on price.

However the level of interest suggested most of the passed in properties would have found new owners by the start of the Easter break.

You can see the results from all three auctions, with the prices achieved on individual properties and details of those that didn’t sell, on our Auction Results page.

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