By PHILIP CHANDLER
The local Bayleys office could set a national Bayleys record at its next mega-auction this Friday.
Up to 30 properties marketed by its Queenstown and Arrowtown agents are due to go under the hammer — with nine, as of early last week, having sold pre-auction.
In a possible Queenstown first, two auctioneers will take turn about to call the auction with national auction manager Conor Patton joined by George Yeoman.
‘‘The inquiry level suggests it will be as successful as our other auctions,’’ says managing
director David Gubb, citing this year’s 86% clearance rate.
Sales manager Stacy Coburn says interest’s coming from ‘‘people trying to lock in rates before interest rates go up’’, along with those sensing the market’s peaking.
There’s also interest from lockdown-fatigued Aucklanders, ‘‘and we are seeing sight unseen buying from them’’.
At the same time, he believes some buyers want to beat Aucklanders coming down to view properties, which they can do from December 15.
Bayleys Queenstown’s already sold 131 properties, worth $203,679,999, under the hammer this year, with 50 sold before auction day.
With property prices rising so much, ‘‘no-price marketing by way of auction really derisks the property being undersold for the vendor’’, Coburn says.
Unusually, two industrial properties, one in Glenda Drive, the other in Industrial Place, feature in next week’s portfolio.