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December 12, 2016 | PROPERTY REPORT
RECENT SALES
PROPERTY PRICES Eden Thomson, of Ray White, says a brick unit at 6/6 Sarawia St was under contract for $758,000, $78,000 over the asking price, on the first day it went on the market. “We had approximately 30 groups view it that day and ended up with seven multiple offers. It was like a frenzy. The location was key for this little rental investment, with the train station so close, along with Newmarket shops and facilities available.”
$758,000: 6/6 Sarawia St.
In the past three months, prices have ranged from $260,000 for a one-bedroom, 61sq m apartment to $1.585 million for a 177sq m apartment. The average sales price is $742,436 in the past six months. Rachel Dovey, of Bayleys, says the days to sell a property is currently around 29 days, low when reviewed against a lot of the larger central suburbs. The volume of sales was down by 42 per cent when compared to the previous year when there was a large number of new/completed apartment settlements. The median sale price has increased by 18 per cent over the past two years.
RENTS Two-bedroom apartments start around the mid$500s a week and go a lot higher for better examples. Three bedroom apartments normally sit in the $700 to $900 range, while larger apartments are harder to find, as are standalone homes to rent in the suburb.
SCHOOLS
Eden Thomson says apartments at Queens Square, 176 Broadway, have been “incredibly popular, this year in particular, with nearly 20 sales in 2016 alone”. Unit B301 sold for $670,000. Rachel Dovey, of Bayleys, says a penthouse apartment — three bedrooms and 170sq m — at 8A/27 George St sold for $2.03 million, the highest price in the suburb for the past 12 months.
Newmarket School, Auckland Normal Intermediate, St Peter’s College, Auckland Grammar and Epsom Girls' Grammar.
BEST STREETS George St, Broadway Park, Middleton Rd, Mamie St, Ada St. $670,000: B301/176 Broadway.
$2.03 million: 8A/27 George St.
Thomson also sold 3/11 Sarawia Street, a threebedroom, twobathroom, 185sq m townhouse for $925,000. A 61sq m, one-bedroom apartment at 505/31 Davis Cres sold for $260,000, while a twobedroom, 92sq m apartment at 2B/10 Laxon Tce went for $827,000. A price of $1.036 million was achieved for 611/26 Remuera Rd, a threebedroom apartment. $925,000: 3/11 Sarawia St.
LOCAL ATTRACTIONS Auckland Domain The Domain is the perfect place for walking, kicking a ball, feeding the ducks, enjoying a picnic or smelling the roses. It is also home to the Auckland War Memorial Museum and has some beautiful gardens (including the historic Wintergarden) and some woodland paths for walking or running. Shopping strip Newmarket is renowned for its main street fashion stores and there are also precincts with more boutique shops selling jewellery, fabrics, homewares and gift items. Eating out The dining scene is constantly improving with everything from ethnic eateries to trendy bistros. The area has a real cafe culture with some delicatessens thrown into the mix.
Bayleys are your local Newmarket residential specialists. Centrally located in the this lively and expanding hospitality and entertainment precinct. Our team are synonymous with quality homes and apartments, the best customer service, and crucially delivering of great results. Bayleys people make so much more possible. They collaborate and make their customers the centre of their world. Contact our local area specialists to ensure that your marketing campaign is a great success this summer.
Rachel Dovey – Regional General Manager Eastern Bay B +64 9 520 8888 | M +64 27 268 5550 | rachel.dovey@bayleys.co.nz Bayleys Real Estate Ltd. Licensed under the REAA 2008
www.bayleys.co.nz