More homes are going under the hammer as house prices hit new records
More homes are going under the hammer as house prices hit new records
11 December 2020
Real Estate Institute reports more than a quarter of homes were sold via auction last month, with the highest proportion in Gisborne at almost 75 percent.
Oneroof editor Owen Vaughan says auctions are popular because buyers know exactly what others are willing to pay.
He says they tend to bring out competitive bidders and people get caught up when they see prices rising.
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