City Sales auction – 1 sells out of 3
One apartment sold out of 3 on offer at City Sales’ auction today.
Celestion, 19 Anzac Avenue, unit 705, sold for $302,500 + gst, agent Maryanne Wong
Scene 1, 2 Beach Rd, unit 1518, no bid, Maryanne Wong & Dahui Chen
Fiore, 152 Hobson St, unit 5, passed in at $330,000, Grant Elliott & Tony Kelly
Reserve Bank holds
The Reserve Bank held the official cashrate at 1.75% today, and governor Adrian Orr said: “Given the weaker global economic outlook & reduced momentum in domestic spending, the more likely direction of our next OCR move is down.”
Updated: First apartment sells at Bayleys auction
The first apartment on Bayleys’ auction list today, one of 2 penthouses on the otherwise-commercial building at 2 Emily Place, sold under the hammer for $1.35 million. It was taken to market by the mortgagee.
A Grey Lynn apartment & units in Hillsborough & Otahuhu are also listed – I’ll add to this report later today. And here they are:
2 Emily Place, unit 9, sold for $1.35 million, agents Cheryl Regan & Harry Cheng
Hillsborough, 26B Bel Air Drive, no bid, Victoria Turner & Peter Cashmore
Grey Lynn, 19 Surrey Crescent, unit 504, sold for $912,000, Cheryl Regan
Otahuhu, 73 Mangere Rd, unit 1, no bid, Clive Lay & Kalala Bowden
About Propbd on Q
You’ll find brief entries in Propbd on Q (as in property on Queen St, Auckland’s main street) about a variety of topics. I’ll enlarge on some of them in subsequent stories.
It’s a handy way for you (& me) to keep track of listed company announcements, which often don’t justify more than a sentence or 2.
The Propbd on Q entries from auctions will give you the price, and subsequent stories will fill in the detail.
Propbd on Q is not a daily entry, just posted when the occasion arises, and it can be updated several times in one day.
You can keep an eye out for new Propbd on Q pages in the left-hand column of the website or via social media (following me on Twitter or Facebook), and track that section of the website via the BDeep & the Quick tab at the top of the page.
I’ve also brought back World property and introduced World influences to post short items from overseas – World property on the property sector, World influences focusing attention on economic, financial & political events that I see influencing markets.
You’ll be able to access them in the same ways.
Attribution: Auctions, Reserve Bank release.