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Susan Edmunds
Susan Edmunds
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More vendors choose auctions: REINZ

Thursday 14th of June 2012

May statistics from the institute showed that sales by auction represented 14.9% of all sales nationwide for the month – up from 10.1% in April.  But 71.9% of those were in Auckland.

More than a quarter of properties sold in Auckland in May went to auction.

O’Sullivan said with not a lot of supply, auctions were a good choice for vendors in Auckland and the number of properties sold that way was steadily increasing.

“We are seeing some fairly extraordinary results.”

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11 hours ago Paul Flood
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