Mortgage rules mean fewer homes selling at auction

The number of homes selling at auction has fallen from 80 percent in September to 48 percent. 

Fewer first home buyers contributed to this according to Barfoot and Thompson's Peter Thompson.  There is also more choice for buyers, and agents are reporting that auctions are now not necessarily the best way to sell a property at the moment.

Source: NZ Herald

The number of homes selling at auction has fallen from 80 percent in September to 48 percent.

Fewer first home buyers contributed to this according to Barfoot and Thompson’s Peter Thompson.  There is also more choice for buyers, and agents are reporting that auctions are now not necessarily the best way to sell a property at the moment.

Source: NZ Herald

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