More million dollar homes go under the hammer

This 2.8ha lifestyle block and luxury house in Puni was auctioned off for $1.7 million. Photo / supplied

One in five Auckland properties have sold under the hammer for more than $1 million and only two of 55 properties were sold for less than $500,000 last week.

Harcourts has just released its latest weekly auction results where it highlighted high Auckland prices.

"A total of 11 million-dollar properties sold at auction last week with another two sold prior achieving million dollar price tags. This, from a total of 55 properties that went under the hammer in Auckland last week.

"Only two of the 55 properties that Harcourts reported on were sold for less than $500,000," the country's largest real estate agency chain announced.

The highest price - $1,940,000 - was paid for a five-bedroom North Shore property in the Westlake schools zone. That place has two bathrooms, a granny flat, big living areas and distant sea and lake views, Harcourts said.

Harcourts Pukekohe auctioned and sold a 2.8ha lifestyle block and luxury house in Puni for $1.7 million.

In Howick, a four-bedroom brick and weatherboard house with two bathrooms and three-car garaging fetched $1,310,000.

One of the places to sell for under $500,000 was a three-bedroom Papatoetoe house and the other a three bedroom do-up in Manurewa.

Harcourts said that 75 per cent of the properties were either sold at or prior to the auction.