Auckland properties were sold for more than double their capital valuation this year, Homes.co.nz data says.
• Homes.co.nz data showed the top 4 properties sold for twice the CV, topping the list was a 4-bedroom house in Papakura, followed by a 3-bedroom home in Papatoetoe.
• Of the 2800 sales that went on public record since January, the avg. sale price was 1.4 times greater than the CV, & biggest price premiums were seen in South Auckland.
• Otahuhu saw the biggest margin, w/ 20 properties sold at an avg. of 1.65 times their CV, while Papakura, Mangere East & Papatoetoe followed closely w/ between 21 & 53 properties sold for 1.64 times the CV.
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