The Auckland market feels split rather than uniformly fast or slow. I’m looking at mixed-use buildings around NZ$1,617,000–NZ$2,426,000, and several have now been advertised for roughly 80 days. I’m trying to decide whether that length of time gives buyers meaningful negotiating room or whether it is fairly normal for this property type.
Lease length seems to make a big difference, but it is hard to separate that from condition, buyer financing, neighbourhood boundaries and seller motivation. Withdrawn listings and later price cuts may also be making the visible days-on-market figures misleading. Agents have given me conflicting explanations, including seasonality and limited new-listing volume.
Does anyone have recent Auckland completed-sale examples in this range, particularly mixed-use properties where the final price differed from the public asking history? It would help to know the approximate neighbourhood, condition, lease position, time on market, when any price reduction occurred, and whether competing finance or due-diligence issues affected the result.
Lease length seems to make a big difference, but it is hard to separate that from condition, buyer financing, neighbourhood boundaries and seller motivation. Withdrawn listings and later price cuts may also be making the visible days-on-market figures misleading. Agents have given me conflicting explanations, including seasonality and limited new-listing volume.
Does anyone have recent Auckland completed-sale examples in this range, particularly mixed-use properties where the final price differed from the public asking history? It would help to know the approximate neighbourhood, condition, lease position, time on market, when any price reduction occurred, and whether competing finance or due-diligence issues affected the result.