August saw Barfoot and Thompson making sales of 830 houses, a 65 percent increase on August last year.
During August, Auckland real estate Company Barfoot and Thompson witnessed a significant increase in activity, with the firm making 830 house sales.
This is six and a half percent more than in the previous month, and an impressive 65 percent increase on August last year.
The recent developments and improving buyer confidence has suggested that the housing market is turning around. With the shortage of homes for sale, prices are expected to remain stong during the traditionally busy spring season.
A fall by 1% was seen in the number of new listings in August, compared with July, specified the website realestate. co. nz, which lists more than 90% of all properties for sale around the country.
As per the media reports, Bayleys is marketing a 2.4ha block of land dubbed Matapia Block, owned by Blue Chip property empire founder Mark Bryers, in a mortgage sale.
Though the land was not part of the Blue Chip Empire, it was privately owned by Mr. Bryers. It should be noted that Mr. Bryers dealt with a raft of charges in the Auckland High Court, failing to provide financial records of various companies last week.
Today, no word was spoken by Mark Bryers, the co-founder of Blue Chip at the court, as he left to his lawyer to confess his guilt to three charges. Out of these three, two were related to his failure to attend an important meeting or keep proper records for a Gulf Harbour Lodge.
Even when Bryers admitted his guilt, Blue Chip investor Tony Collingwood, who was at court today, did not appear satisfied.
He expressed, "I felt very angry and upset when I saw him - the fact that we could lose our family home."
As per the media reports, Mark Bryers, the founder of the failed property investor, Blue Chip, pleaded guilty Friday at the Auckland District Court, to three charges relating to failed investments.
Bryers was found guilty of failure to abide by a notice to attend a creditor meeting, failure to attend watershed meetings, and failure to keep adequate accounting records. It was in February 2008 that Blue Chip had shut down, with over 2,000 New Zealand investors losing $84 million.
Notable $72 million was made by Goodman Group from the partial sale of its interest in New Zealand, listed Goodman Property Trust (GMT or Trust).
The group sold 93 million units to several numbers of institutional investors at NZ$0.95 per unit. It was after the strong investor demand that the units were placed with a number of leading institutions.
With the sale, the interest of Goodman in the Trust is reduced to 17% from 28%.
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