SPRING HAS SPRUNG – PROPERTY TAKES OFF

Tensions rise as buyers do battle
By Lane Nichols
Saturday Sep 27, 2014

14 Rockwood Place

“Who will give me a starting bid of $1.8 million?”
An uncomfortable silence falls over the auction room floor. The auctioneer scans the sea of faces urgently for a raised eyebrow that could signal an opening bid.
Nada.
The property in question is a “conveniently located” four-bedroom Epsom home at 14 Rockwood Place.
Close to schools, shops and motorways, it features polished floors, a deck and double garage.

It’s lot four on the schedule. The three previous properties in New Windsor, Mt Roskill and Avondale have gone under the hammer for around $750,000, more than $300,000 above their 2011 CVs.
It’s just a few days on from the election and the property market is already showing signs of buoyancy after a slump in sales.

Read the test here:

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11332363

 

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