Auction

Results from our 25 June Auction Event

Despite the winter weather, it was very pleasing that a number of people filled the Headsail room of the Bucklands Beach Yacht Club, home of Ray White Auctions, for our 25th June portfolio.

Pakuranga Heights, Highland Park, Howick, Botany Downs and Flat Bush properties were included in this portfolio – all of the properties were quite different in terms of style and floor plan, apart from their location within our Eastern Beaches residential area.

There was a very pleasing buyer response at auction with five properties selling “under the hammer”.

During the marketing period we qualify potential buyers as to property suitability and price so that vendors have a clear indication prior to auction of bidding interest and price level. The auction activity then dictates whether the price exceeds the pre-auction indications.

Under the hammer sales included:

  • 23 Vida Place – $1,130,000
  • 2/ 98 Mirrabooka Avenue – $850,000
  • 17 Nier Place – $1,090,000
  • 38 Ennis Avenue – $850,000
  • 8 Tornish Drive -$1,090,000

A very pleasing result for our vendor clients after three weeks of marketing; but also a great result for buyers who were able to secure quality homes in very popular residential neighbourhoods.

There are always various reasons why potential buyers cannot meet the terms of an Auction For Sale and Purchase Agreement which is a totally unconditional agreement, however we try to work with these potential buyers to attract the best conditional sale for our vendor clients.

Ken Ralph

Company Auctioneer