New Zealand, North Island, Auckland, suburbia Auckland, aerial view of the affluent suburb Herne Bay. NZH 19Dec20 –
The Auckland housing market is starting to walk the talk, with more sales and prices gaining steam in November, Barfoot & Thompson said today.
The agency’s average price was $1.186 million. That was up 8.7 per cent on October and the highest in 19 months.
“November was the month when all the talk about positive gains for the housing market showed up in the sales data,” said Barfoot & Thompson managing director Peter Thompson.
“The recovery is modest, but steady, and gained momentum in the later part of the month, indicating that December will also be a good trading month,” he said.
The median price in the metropolis was $1.018m, the highest it had been in eight months.
But sales were up too – 13 per cent higher than the previous month and 33 per cent higher than October 2022.
Thompson said the company sold 956 homes last month.
He said the latest data indicated “a sound, rising market” rather than a temporary blip.
“Buyers returned in strength to the top end of the market, with 91 sales of properties for more than $2m, the highest in a month for 20 months,” he said.
Two dozen homes sold for more than $3m, the biggest sales bonanza in that price level since early 2022.
“The rural and lifestyle markets in Northland, and the rural markets to the south, west and north of Auckland were more subdued than the metropolitan market and overall experienced a more moderate lift in market activity,” Thompson added.
“There were, however, pockets of high local activity with the Franklin market achieving its highest ever sales in the month of November.”
He said new listings gained traction in the rural markets from late November.
Thompson was upbeat about summer sales prospects.
“The recovery is modest, but steady, and gained momentum in the later part of the month, indicating that December will also be a good trading month.”
About three weeks ago, the Real Estate Institute (REINZ) October report showed the house price index, which measures the changing value of properties, rose 1.1 per cent in October.
REINZ chief executive Jen Baird at the time described the market as having a “slow but steady improvement”.
New Zealand billionaire Graeme Hart is selling up some prized real estate. Photo / Getty Images
The Business Herald’s new column offers insight into what those on the inside of the property industry are talking about, what worries them, what they’re celebrating, the rises, the falls and who’s doing what.
Heel, you property managers
All on the move – Fisher & Paykel x 2
Sir Bob’s sense of humour
Act leaders David Seymour and Brooke van Velden have both spoken this week in favour of lower house prices. Photo / Sylvie Whinray
Falling house prices were welcomed this week by Act leader David Seymour, his deputy Brooke van Velden and National’s Epsom candidate Paul Goldsmith.
The surprise confessions came during candidate debates in the electorates of Auckland’s
A group of robbers armed with guns, hammers and crowbars burst into an Auckland bar, then marched a staff member to a back office, forced her to her knees and demanded she open a time-delayed safe while pointing a firearm at her head.
The bar manager says he is grateful none of his staff were physically harmed during the early-morning aggravated robbery, which left staff terrified and fearful to return to work.
It is the latest in a string of armed robberies which police believe may be linked.
Anton Rogers-Williams, manager of the Wapiti Sports Bar in Pt Chevalier, says he hasn’t been able to sleep since hearing news of the robbery in the early hours of Saturday.
He was not present during the armed incident, but five staff had just cleaned up for the night and turned off all lights in the bar.
“Eight guys wielding guns, hammers and crowbars just rushed through the doors and went straight for the staff members that were inside,” he told the Herald.
Rogers-Williams said the robbers escorted the duty manager to the bar’s office and instructed her to open the time-delayed safe while pointing a gun at her head.
“They had her on her knees and were getting more and more aggressive while the safe was on a three-minute timer before it could be opened,” he said.
Once the safe was opened, the armed criminals grabbed a rubbish bin from behind the bar and loaded bundles of cash into it.
“It took them about 30 seconds to leave our safe completely bare and leave,” said Rogers-Williams.
The robbers loaded up the bar float, gaming float, banking for the past few days, petty cash and numerous amounts of alcohol before fleeing in two vehicles.
A pub patron who witnessed the robbery said the group didn’t seem to care about anyone at the bar.
“One had a gun, it was scary.”
Staff could be seen hugging each other and being supported by police shortly after the robbery, with one breaking down crying while on the phone.
Detectives had gathered statements from witnesses, while armed officers stood guard.
Rogers-Williams said it was a miracle none of his staff were physically harmed, but the emotional damage would linger every time they returned.
“In my previous experiences with other employment, after ram raids and robberies, staff don’t feel safe coming back to work. It can take anywhere from a day to almost two weeks before a staff member feels comfortable coming back to work,” he said.
The bar is now offering free counselling sessions to all staff who were present during the robbery and has told them to take as much time off as needed.
Along with all the cash stolen, Rogers-Williams said the event also disrupted income as the bar was forced to close ahead of the New Zealand Warriors’ biggest match of their season.
“We had spent weeks getting our sound system upgraded, creating new bar menus and organising food specials in anticipation of the game, but instead we have taken a massive hit.
“But above everything, I’m just glad that no one here was touched. You can replace money but you can’t replace a person,” he said.
The robbery was the fourth in three nights involving armed criminals hitting late-night businesses in the area.
Just 24 hours earlier and less than 400 metres up the road, the Harlequin Bar and Restaurant was targeted by multiple people armed with hammers and a firearm.
Rogers-Williams says he had the Harlequins staff in the Wapiti Sports Bar on Friday night, hearing more about what had happened.
He had then talked to his own staff about what to do if this situation ever happened at their venue.
“I’ve caught up with a number of other bar owners in the area and they are all questioning whether or not to open,” he said.
As of Sunday evening, the Wapiti Sports Bar had been cleaned up and was once again ready for business, but Rogers-Williams said “emotionally and mentally” he didn’t feel ready to open the doors just yet.
One of the witnesses said the robbers “knew what they were doing for sure”, and seemed to be operating in a similar fashion to three other recent robberies.
Police have confirmed they are looking into a possible connection between Saturday morning’s robbery and two others earlier this week.
Yesterday, CCTV footage was released in the hunt for multiple armed robbers, including one with a gun, who burst into an Auckland bar after it closed to steal cash.
Detective Senior Sergeant Martin Friend, Auckland City Criminal Investigation Branch, said enquiries were continuing to try to identify and locate the persons responsible.
“Last night there was an increased police presence in the area. Members of the public can assist us in responding to crime by reporting suspicious behaviour in their neighbourhoods and places of work.”
Friend said police would continue to respond to any unlawful or suspicious behaviour.
“We have no tolerance for violence or unlawful activities taking place in our communities,” he said.
Police have singled out one of the alleged offenders, who was caught on CCTV.
The footage shows him wearing a white shirt and jacket and a black cap.
“Inquiries continue to try and identify and locate the persons responsible, of particular [sic] we are keen to identify the second man pictured in the colour image provided,” Friend said.
A silver Toyota Mark X with the registration HTU397 is also sought, along with another man, who was captured on CCTV.
Overnight Thursday: two robberies in two hours
In those attacks, multiple people launched armed robberies on premises in Pt Chevalier and Mt Albert.
That included two robberies in the early hours of Friday morning.
In the first incident, multiple people armed with hammers and a firearm robbed staff of Harlequin Bar & Restaurant at 1am.
“One person has fired a shot inside the premises which has struck a TV on a wall behind the bar,” Friend said.
“The offenders have taken money from the tills and gaming machines before fleeing. It’s incredibly lucky no [one] was physically injured during this incident.”
A photographer at the scene could see a smashed register lying on the ground afterwards.
Later on Friday morning at 2.21am, police were called to the GC VapeShop 247, on New North Rd in Mt Albert, less than 1km from Harlequin Bar.
Police said a large group of people were also involved.
“Up to seven offenders armed with hammers have entered the building on New North Rd, which at the time had a staff member and four customers inside.
“Two offenders have threatened the victims inside the store while the other offenders have taken a number of items before fleeing.”
Police said no one was injured but all were left shaken afterwards.
Friend said the group left in a stolen vehicle which police found a short distance away in a neighbouring suburb on Holbrook St, Blockhouse Bay.
Overnight Wednesday: Mt Albert robbery
Police now say they believe the same group of offenders involved in the Harlequin Bar & Restaurant robbery are also responsible for an aggravated robbery at another commercial property in Mt Albert on Wednesday night.
In that incident, which happened just before midnight, four masked offenders with weapons including a firearm smashed their way into the Mt Albert Sports Bar and stole the contents of the cash register.
Police said a staff member was inside at the time. They were uninjured but shaken and were being supported.
“We believe these two incidents are linked and are following positive lines of inquiry,” Friend said.
Authorities are appealing to the public for any information that may help find those responsible.
“This type of violent behaviour is unacceptable,” said Friend.
“We are now working hard to identify and locate those involved so we can hold them accountable.
Police have asked anyone with information to get in touch by calling 105, or if they wish to give information anonymously, call Crime Stoppers on 0800 555 111.
The public can quote the following file numbers in relation to these events when reporting information: 230914/9893 for the Mt Albert Sports Bar robbery on Thursday, September 14; 230915/4397 for the Harlequin Sports Bar on Friday, September 15; and 230916/8450 for the Wapiti Sports Bar on Saturday, September 16.
An elderly couple were sentenced this week for fraudulently doctoring a LIM report when selling their North Shore house. Photo / Getty
A former real estate agent and now convicted fraudster once described the charges he faced as a “storm in a teacup”. But the respected 81-year-old businessman is now pondering his deception while serving home detention alongside his elderly wife. Lane Nichols investigates the curious case of the doctored Lim.
A professional couple who feared being stuck with two mortgages deliberately altered a Land Information Memorandum (Lim) report so they could sell their leaky home at full market price and believed they did so with “full knowledge” of their real estate agent, court documents reveal.
The husband, who later became a top-selling agent for the same firm – Barfoot & Thompson – continued to sell houses for a year while facing a fraud charge that carries a maximum penalty of 10 years in jail.
But he was forced to fess up to his employer following Herald involvement in 2021, before being cut loose by the company and reported to the industry watchdog, and finally faced justice this week with his co-accused wife.
During an emotional restorative justice meeting with the victims last year, his wife admitted she had masterminded the deception to avoid losing money on their old house.
“I was really nervous and didn’t want to end up with two houses so we had to sell.
“I wanted to be mortgage-free and thought, ‘I can’t go on like this’.”
She said she regretted her actions but couldn’t reimburse the stiffed buyers – Mark Dansey and Amanda Clough – for their significant lost equity, after they were forced to sell the North Shore home as a leaky property for hundreds of thousands of dollars less than it would otherwise have been worth.
“If I had the money, I’d give you everything you’re asking for but I can’t,” the wife said.
“I feel wicked, terrible and really bad. It was a bad call and I apologise profusely. I wish I could take it back.”
The husband and wife both pleaded guilty last year to altering a document with intent to deceive and were sentenced on Wednesday to four months’ home detention and six months’ community detention respectively.
They were ordered to pay $55,000 in reparation, despite a valuation showing Dansey and Clough were left nearly $300,000 out of pocket.
And though the couple admitted deliberately falsifying the Lim for personal gain, their names have been permanently suppressed after the husband successfully argued stress from being publicly identified could trigger a catastrophic health condition with lethal consequences.
“I may have a heart attack or a stroke, and die,” he told the judge.
‘Storm in a teacup’
The fraudsters came face-to-face with their victims last August during a restorative justice meeting in Glenfield.
Court documents obtained by the Weekend Herald show the husband and wife were downsizing to become mortgage-free and had gone unconditional on a new property at the time of their offending in 2015.
With settlement approaching, they were desperate to sell their old home to avoid being stuck with two mortgages.
But there was a catch.
The Lim report had a historic notification warning of “major moisture-related cladding defects”.
Attempts to have the Auckland Council remove the notification had proved unsuccessful and they knew it would put off potential buyers or dramatically affect the value of their major asset.
And besides, the house had always been bone-dry, the wife would later tell Corrections staff preparing a pre-sentencing report.
So they devised a plan. They would simply make the “nasty thing” go away.
The couple ordered an electronic copy of the Lim from the Auckland Council. Using their home computer, they deleted the moisture reference and replaced it with a blank space.
They then forwarded the doctored version to their Barfoot agent Yvonne Wang, and it was subsequently uploaded to the company’s website and made available to prospective buyers.
Clough, 55, and Dansey, 61, viewed the property on June 22, 2015. Two days later they learned the auction had been brought forward to June 26.
They had less than two days to either commit to the purchase or withdraw from tendering an offer.
The next day, on June 25, they obtained a copy of the report from Barfoot & Thompson’s website and forwarded it to their lawyer as part of their due diligence, a summary of facts says.
Believing the Lim was “full and correct”, the couple purchased the property on June 26 for $1.19 million, “a decision they would not have made had they sighted the original Lim documents”.
Four years later, Clough and Dansey decided to sell the home through Barfoot & Thompson.
Their agents requested a copy of the Lim direct from the Auckland Council and discovered the moisture reference.
They were shocked to learn their property was leaky and decided to sell it “as is” on July 22, 2019 for a loss, at $1.165 million.
Rocked by the deception, Dansey and Clough went to police.
Incriminating emails from the couple to Wang were uncovered a year later during a warranted police search of their new house and computer.
The emails read: “Just waiting on the Lim to be corrected”, and, “You will be relieved to hear the nasty thing has been removed”.
The couple were charged and put before the court.
They initially denied knowledge of the doctored Lim, with the wife telling police “she believed everyone knew it was a leaky home”.
The husband later told the Herald the case was a “storm in a teacup”, with the complainants “hell-bent on making life difficult for us”.
His words would come back to bite.
And the case would expose the risk of buyers relying on property documents supplied by vendors or their real estate firm and raise questions of legal liability.
‘She never gave it another thought’
Court documents show the fraud was the wife’s idea and her husband agreed to play along.
“She commented that she thought [the Lim notification] should not have been there, and that they did not want to loose [sic] money on the sale of the house, so removed the wording, informed the real estate agent that it had been remedied, and did not think about the matter again,” the pre-sentencing report states.
“She altered the document because she was feeling desperate and [believed] this was with the full knowledge of her husband and the real estate agent.”
She confirmed she knew her actions were illegal.
The report said the offending was linked to “entitlement”. The wife had offered “no further remorse”.
In fact, “after the alteration had been done, she never gave it another thought”.
She told Corrections staff she would comply with the sentencing but was “not particularly happy” at the thought of being restricted in her movements.
The couple will complete their sentences in a five-bedroom property just a short walk from the beach and with ocean views over Hauraki Gulf.
It has a CV of $1.35m and was purchased in 2015 with the proceeds of the sale to Dansey and Clough.
Property records show the defendants made $450,000 in capital gain on their old home in under three years.
During the August meeting, Clough told the wife: “You were able to make this profit by fraudulently removing allegations of water tightness issues from the Lim. You boosted your profit at our expense and left us holding the baby.”
The fraud had far-reaching consequences for Dansey and Clough.
They were forced to sell the property for $25,000 less than paid for it, despite owning it for four years in a rising market.
They had to buy a smaller house in a first-home buyer area on the city fringe, meaning their children could no longer stay.
They had also lost their financial security and faced an uncertain retirement.
“Our option is to have a mortgage or sell up and move out of Auckland,” Clough told the wife. “I’m so upset to hear you say you have no money as you have spent more than two years paying a lawyer to fight these charges. That money was ours.”
Dansey said: “This has had a long-term emotional impact on us. We are suffering for your blatant fraud. We feel robbed of our peace of mind and of any sense of security about our future.”
‘I’m not going to be able to escape this story’
The accused couple have been fighting for suppression since August 2021 when the Herald learned of the case.
The husband first argued it would be unfair to Barfoot & Thompson if he was named, as the company could suffer adverse publicity by association with his earlier offending.
He feared losing his job and no longer being able to support his family.
At the time, he was yet to tell the company’s senior management about the fraud charge, but was certain Barfoot & Thompson would also want its name kept secret, the court heard.
However, when that argument failed, the husband took another tack, arguing his bad health meant he was at imminent risk of a fatal heart attack from stress associated with publication of his name.
Submissions filed by the man said he suffered severe ischaemic heart disease.
“Publication of my name will cause me a huge amount of stress and I am worried that my heart will not cope.
“I am not saying I have not broken the law or that I should get name suppression just because I am old, or because I am an otherwise law-abiding citizen.
“I am making this application out of necessity because of my health condition, which has gotten worse since this case started and in the face of intensifying media coverage.”
The man had suffered a stroke last year. A hospital cardiologist remarked he’d “dodged a bullet” and could suffer another stroke “anytime”.
The thought of being identified “causes me a great deal of stress”.
He said he was a proud man who had worked hard over the years, contributing to charitable and community endeavours.
But he had no doubt media coverage of his sentencing would be “overly adverse to my wife and me”.
“My concern is not just about my family and friends’ reaction to publication, but also my wider circle of acquaintances and the wider public being those who I might deal with in the future.
“I am not going to be able to escape this story.
“If I am exposed to stressful situations, I may have a heart attack or a stroke, and die.
“I just want to be here as long as I can for my wife and my family in later years.”
No remorse was expressed in the man’s submission for his offending, or its effects on Dansey and Clough.
The Herald opposed the man’s application, arguing he should be named in the interests of open justice and transparency, and on public interest grounds given the case involved manipulation of official property documents by someone who went on to become a real estate agent.
The Crown also opposed suppression, saying stress from the sentencing process was an “ordinary consequence” of the man’s crime.
His lawyer described the offending as “unsophisticated” and motivated by a “genuine and honest belief” that the council record needed to be corrected.
“It is difficult to reconcile this offending with [the man’s] track record and good standing in his community,” she said. “This has been a significant blight on what has otherwise been an exemplary record.”
However, Crown prosecutor Fiona Culliney said the man’s deception was premeditated and had caused significant financial harm.
It demonstrated “deliberate efforts to deceive innocent buyers as to the true state of the property” and was purely motivated by financial gain.
She said an apology delivered during the restorative justice meeting rang hollow after he cited the principle of “caveat emptor” – or buyer beware.
“No acknowledgement of remorse and effectively blaming the victims for not being more savvy to pick up his fraud.”
Culliney said the case undermined people’s trust in reputable legal documents when buying and selling property.
The man had surrendered his real estate licence but that did not detract from the public interest given “a person holding a real estate licence had previously offended in this way”.
‘Significant fall from grace’
Defence submissions for the wife suggested her offending “was borne out of panic, poorly thought through and its detection was inevitable”.
Now in her 70s, she had led a “blameless and upstanding life”. A conviction was a “significant fall from grace”.
The woman appeared in the dock wearing a fetching suit and clutching a designer handbag, with brightly painted pink fingernails.
She is yet to tell her employer that she committed fraud.
“There’s nothing novel about this case,” her lawyer told the court. “Two people tried to get away with something and they got caught.”
Clough read a victim impact statement saying she and Dansey were “floored” after learning their home had weather tightness problems.
The offending had “devastating” impacts on their lives emotionally and financially.
They were forced into a “fire sale” situation due to the home being leaky, with only “bargain hunters” willing to make offers.
“On top of this pressure, we were also dealing with feelings of shock, disbelief, anger, and deep resentment at having to bear the financial consequences of your dishonesty.”
The man’s “storm in a teacup” comments were “hugely offensive and upsetting”.
The defendants’ initial proposed reparation payment of $25,000 was insulting when they had made $450,000 in capital gain.
Clough and Dansey said they could not afford lawyers to pursue civil proceedings against the couple, and were now time-barred.
“Given the damage we’ve suffered, it is quite beyond our capacity to comprehend that you are planning to walk away from your criminal act and leave us to suffer the consequences of your actions.”
As Clough read her statement, the man scribbled notes and shook his head.
Judge Maria Pecotic said buyers should be able to rely on Lim reports and the couple’s “blatant fraud” had caused enormous harm.
“Once the fraud was discovered you must have realised it would have a detrimental impact on the value of the property.”
The man’s restorative justice meeting with the victims had been “tense and emotional” with “no outcome achieved”.
The judge refused to offer him any discount for remorse, saying “lip service” was not enough.
“You provided a disclaimer to your apology. It needs to be genuine.”
She sentenced the couple to community-based sentences to reflect their guilty pleas, age, previous good character and failing health, permanently suppressing their names.
Barfoot & Thompson managing director Peter Thompson said the case sent a strong message that those involved in selling property need to be honest in their dealing with potential buyers.
Everyone involved in buying and selling real estate benefited “when the integrity of verbal comments and documentation are not called into question”.
Thompson said while it was not unusual in 2015 for agents across the industry to accept information such as Lim reports from vendors, the company had “for a number of years” since sourced them directly from councils.
The husband alerted the company in 2020 that an investigation was taking place following a complaint relating to activity in 2015 when he was a vendor. He was “strictly supervised” during this period by his branch manager.
However, a year later in 2021, the man’s contract was terminated when the company learned he was facing a criminal charge and the matter immediately reported to the REA.
Thompson would not comment on Wang while investigations were under way in Australia.
Asked whether the company would accept liability or compensate the victims, he said: “At the time the offence occurred, the person involved was a vendor and a client. He and his wife are the only ones who have been charged and found guilty of a crime.”
Real Estate Authority boss Belinda Moffat urged buyers to commission property inspections by accredited inspectors, conduct title searches and obtain Lim reports directly from local councils, then have the documents reviewed by a lawyer.
Real estate agents were required to disclose information about property defects. A failure to disclose could result in disciplinary action, with fraudulent behaviour referred to appropriate authorities.
“We would hope that instances of criminal fraud, including forgery, are rare, and we encourage agents and vendors to make available relevant information that they hold about a property to buyers.
“We do however encourage buyers to also do their own homework and ensure that the Lim is current and up to date, and that they commission their own building reports so that they can rely on them.”
The property market is showing signs of an upward turn. Photo / Sylvie Whinray
Auckland’s housing market is turning in time for the traditionally busy spring season, with prices climbing in 76 suburbs in the past three months.
Property pundits had been tipping in recent months that city prices – which spent more than a year tumbling from record-high values in late 2021 – were beginning to rebound.
The new figures will be welcome news for homeowners. But for those wanting to enter the market, rising prices may add an additional hurdle as buyers already grapple with soaring interest rates.
New Zealand’s median house price took a more than $150,000 dive during a 15-month slowdown after the market peak in November 2021.
Real Estate Institute data shows prices hit a record high of $925,000, before falling 18 per cent to $762,000 in February this year and now sit at $767,000.
Auckland’s median price hit $1.3m in November 2021, before falling 27 per cent to $943,000 in January this year. It now sits at $1.01m.
But the latest data by analysts CoreLogic gives the best indication that a rebound is now under way, chief economist Kelvin Davidson said.
Birkdale on the North Shore, Stonefields and Howick in the east, and Ōtara in the south are among 13 Auckland suburbs where prices jumped by at least 2 per cent since June 1.
Luxury suburbs Herne Bay, Parnell and Ponsonby also experienced price jumps of at least 1.7 per cent over the past quarter.
The data showed prices rose in a diverse mix of “cheaper” and “pricier” suburbs, Davidson said.
“The housing market downturn seems to have affected both high-end and low-end suburbs, and the early signs of upturn are showing something similar,” he said.
The market rebound is also extending beyond Auckland.
CoreLogic found prices have risen in the past three months in 269 out of 924 suburbs across New Zealand.
“Back in June, 71 suburbs had recorded a rise of at least 0.5 per cent in the previous three months. But spring forward to September, and that count has risen to 188,” Davidson said.
Across the country, 29 suburbs experienced price rises of at least 2 per cent – 13 in Auckland, four in Wellington and 12 elsewhere.
Kiwbank chief economist Jarrod Kerr said the housing market was likely to pick up again now interest rates appeared unlikely to climb higher and migration had surged.
“Putting a stake in the ground, saying this is the bottom [of the market], I think we can do that now,” he said.
About 100,000 more people arrived in New Zealand over the past year than left.
And while New Zealand had been in a building boom in recent years, construction had cooled in the past 12 months because of high building costs and falling house prices, Kerr said.
“Every migrant that comes here either takes a rental or looks to buy,” he said.
“So we’re going back into a situation where demand and population growth is outstripping supply.
“That’s not good for affordability, it’s not what we need, but that puts upward pressure on prices.”
If the Reserve Bank begins lowering interest rates next year, that could further boost prices, he said.
While homeowners might be happy to see prices rebounding, “affordability is still a massive issue” for many, Kerr said.
Tom Rawson, director of Ray White AT Realty, said his agents in South Auckland noticed sales and prices picking up about two months back.
“We think we’ve come off the bottom of the market now,” he said.
“July was when we started to see some good prices and good sales activity starting back up.”
Sellers had been gaining increasing confidence as the speed of house price falls and the speed of interest rate hikes slowed, he said.
“We’ve seen steadiness with interest rates, steadiness with listing inquiries, steadiness with listings coming to the market for the last few months,” he said.
The increase in listings – or the number of new homes being put up for sale – had been particularly positive for sellers, Rawson said.
“That gives people confidence that if they sell, there is something out there they can buy.”
His team had such confidence in the market they were holding another mega-auction on October 10 – just four days before the 2023 Election.
The mega-auction will include 60 properties being auctioned in a marathon event that could take up to nine hours.
Rawson conceded the timing of the event so close to an election could be risky, given buyers and sellers had in past years been more cautious ahead of elections because of the uncertainty a change in government could bring.
However, his team were “over-subscribed” for the auction, having already locked in 60 sellers and having to turn away others wanting to sell their properties on the day.
At the last mega-auction on July 26, one buyer snapped up four homes, Rawson said.
Overall, 38 homes sold under the hammer for a total of $32 million.
Rawson said Ōtara had been one of the busiest suburbs his team had been working in over the past few months, backing up data from CoreLogic.
The CoreLogic stats showed Ōtara’s average value now sat at $746,300 or about $20,000 and 2.7 per cent higher than on June 1.
However, while prices have risen over the last three months, Ōtara’s average value is still 7.7 per cent lower than its $808,850 value this time last year.
Elsewhere in Auckland, tiny Herald Island in the northwest (up 3 per cent in the last quarter to $1.49m) and Maraetai (up 3 per cent to $1.47m) and Mellons Bay (up 3 per cent to $1.96m) in the east were the best-performing suburbs.
Birkdale was the next best, rising 2.7 per cent to $955,900, followed by Ōtara.
Ben Leahy is an Auckland-based journalist covering property. He has worked as a journalist for more than a decade in India, Australia and New Zealand.
A gun has been recovered from a getaway car and nine people arrested after raids on stores across Auckland last night.
A liquor store and a Nike footwear shop in the central Auckland suburb of Newmarket were targeted by ram raiders just after 1am.
An hour later on the North Shore there was an alleged burglary at a service station on East Coast Rd.
Both raids ended with cars travelling at high speed on Auckland motorways before being spiked and occupants arrested.
Police said a vehicle was used to smash open the roller door of Epsom Liquor Centre on Manukau Rd.
Detective Senior Sergeant Scott Armstrong said around 1.05am police were called to a commercial address in Epsom following reports of a burglary.
“Those involved have attempted to break into the address using a vehicle to gain entry, however, they have been unsuccessful.
“The vehicle involved was abandoned at the scene and those involved have fled in a second vehicle, which is believed to have been stolen.”
Footage shown to the Herald by the store’s owner showed two vehicles arriving outside – one being use to ram the door, before several masked youths pried the door open and made off with goods.
The liquor store’s owner told the Herald the group caused a hell of a mess inside his shop.
A short time later, Police, including the Eagle helicopter, responded to reports of the same vehicle being used to gain entry into a retail store on Broadway, Newmarket, around 1.15am.
Photos show the large plate glass window smashed, with shattered glass strewn across the street. Police were standing guard outside.
A police spokesperson said earlier: “The vehicle involved was abandoned at the scene and those involved have fled in a second vehicle, which is believed to have been stolen.”
Detective Senior Sergeant Armstrong said police were quickly on the scene following reports of the burglary.
“Eagle observed an SUV leaving the area before being abandoned nearby.
“Those involved then entered a second vehicle and Police have monitored this vehicle as it travelled south on the Southern Motorway before exiting at Hill Rd, where it was spiked.”
Armstrong said the vehicle continued to travel in a dangerous manner, before entering an area of roadworks on Weymouth Rd, Manurewa where it was able to be stopped and the five occupants taken into custody.
“We have since searched the vehicles involved and recovered a range of stolen branded property, as well as a firearm.”
Four people aged between 19-24 were due to appear in the Auckland District Court today. Armstrong said they had been charged with several counts of burglary and unlawful takes.
Three of those arrested have also been charged in relation to an aggravated robbery at a commercial address in Royal Oak last Thursday.
A 16-year-old was also arrested overnight in relation to the Epsom and Newmarket incidents.
“Given the range of property recovered, our inquiries will continue, and we can’t rule out further charges for other incidents,” said Armstrong.
Meanwhile, on Auckland’s North Shore, Waitematā Police took four people into custody after a separate alleged burglary at a service station on East Coast Rd.
Police said at 2.40am the alarm was raised after two people were reported breaking into an address in Milford.
“Those involved have taken a number of items before leaving the scene in a vehicle,” said Detective Senior Sergeant Nick Poland.
“It is not believed the vehicle was used to gain entry into the premises.”
He said police monitored the vehicle travelling at speed along East Coast Rd before entering the Northern Motorway where it headed south.
“The vehicle has exited, then re-entered the motorway, heading north,” Poland said.
Eagle continued to monitor the vehicle before it was spiked in Silverdale, eventually coming to a stop at Wainui.
Four people, aged between 14-16, then fled from the vehicle, however, all were apprehended a short distance away and taken into custody.
“This morning’s arrests are another example of police continuing to hold offenders to account for offending taking place in our communities,” said Armstrong.
“This brazen and often violent offending being inflicted on our community is unacceptable and those who choose to engage can expect to be held to account.”
Nido shut just a few months after it opened in West Auckland. Photo / Michael Craig
Details have emerged about court action involving a crippling $41.4 million loss from a property syndicate-style scheme to fund the failed West Auckland homeware shop Nido which was to be New Zealand’s biggest