A Zest apartment bought at auction a year ago for $495,000 attracted interest up to only two-thirds of that price when it went to auction again at City Sales yesterday.
A unit in the inner-city Altitude apartments was sold at City Sales’ auction on Wednesday for just over $7400/m².
Both apartments auctioned at City Sales yesterday were sold under the hammer – a leasehold unit in The Landings at Quay Park and a unit in the Spencer on Byron in Takapuna, where remediation is under way.
An apartment in HarbourCity, on the corner of Fort & Gore Sts in the Auckland cbd, where building defects were identified 5 years ago but still haven’t been remediated, sold under the hammer at City Sales’ auction on Wednesday.
Propbd on Q, 10 sell at Bayleys’ commercial auction, 2 of 4 apartments sell at City Sales auction
The slow market for apartments was evident at City Sales’ auction today, although one unit did sell and the uncertainty over the future of another made the absence of bidding on it unsurprising.