Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


$10.6 Mil Auction Success Bodes Well for Summer


$10.6 Million Auction Success Bodes Well for Summer According to Top National Auctioneer

For Release: 11 October 2005

If what’s happening in a Christchurch property auction room is anything to go by, the traditional “Spring rush” which sets the scene for a busy summer ahead has taken off, according to New Zealand Auction Champion, Roger Dawson of Harcourts Grenadier Christchurch.

Mr Dawson reported that in the last three Thursdays alone, $10,648,000 of property had sold ‘under the hammer’ at their state of the art auction rooms in Harcourts’ Madras St office.

“Auction sales are very strong at present with vigorous buyer enquiry. Of the 27 properties offered in the last three weeks, 2 sold prior and 20 sold under the hammer with prices ranging from $185,000 to over $1.4 million for a total sales value of $10,648,000.” He added that a number of the homes had four or five bidders competing for them, with the five remaining properties attracting strong interest.

Mr Dawson said that while Winter traditionally saw auction activity slow, their auction rooms saw 28 auctions conducted in July, followed by 23 in August, jumping to 41 in September with early indications showing October numbers would also be in excess of 40.

“We have definitely noticed an increasing trend towards auction, with our numbers almost double what they were three years ago.”

Harcourts Grenadier has invested heavily in its auction facilities, with a new state of the art auction room re-opening earlier this year providing upmarket hi-tech facilities to the public at the 1pm Thursday auctions as well as broadcasting them live on the Internet for international viewing.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>

Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>

Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>