Luke Crockford of Ray White who sold two luxury Penthouse Heritage Apartments on Hobson Street, comments that the demand was strong from qualified buyers in the market for this iconic building, reminiscent of the infamous Farmers.
Offering resort-style residential living with old-fashioned concierge services and two swimming pools, fully equipped gyms plus a tennis court.
Luke is proud to be able to assist his clients for life to sell their residential home and take them on a journey of finding their next dream home. Delivering exceptional service and marketing with good sound advice around the market has laid the foundation of nearly 85% of his business being referral based with a history of great results across Ponsonby, Grey Lynn and Westmere.
“The year has started well and looks to continue with a great range of high-end property coming onto the market.”
Cameron Brain, Auction Manager and Auctioneer, Ray White City Realty Group, comments that the Auckland apartment market started to heat up towards the last quarter of 2023 and has continued into the start of 2024.
“Where we have seen more activity than before is in the larger and affluent apartment market with buyers looking to either downsize from family homes, lifestyle change or those just looking for that luxury lifestyle. Our apartment auction activity has always been a measure of wider seller and buyer sentiment and 2024 has not disappointed with 59 auctions booked for the January and February months with a clearance rate of 83.3%.”
When it comes to lending for residential apartments, Grant Patten, Loan Market, says, “Lenders will all lend on apartments with differing rules applying to each situation. Each bank has a different criteria for deposits and the degree of lending will vary from bank to bank and is often determined by location and internal floor size.”
“If you are thinking of selling, I am available to provide a confidential appraisal and marketing strategy to ensure you capture all the market. Please call me anytime.” Luke says.
For more information: Luke Crockford M: 021 277 8565.
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Published: March 2024