In Auckland, $78,000 is a carpark. In Invercargill it’s a home.
That’s the price one buyer has paid for a single park in the basement of downtown Auckland’s Ascott Metropolis apartment tower – a record according to the agent who sold it.
In Invercargill, about the same amount buys a good-quality home. Asked for his best picks, Tony Jenkins of Harcourts Invercargill sent details of two modern, well-maintained brick three-bedroom houses, one selling for $80,000, the other $85,000.
“It’s just outrageous,” says Invercargill Mayor Tim Shadbolt of what he sees …

A large parcel of land in Awapuni Road failed to sell at a Harvey’s auction on Thursday but attracted strong interest from two parties, one of who made a top offer of 2.25 million.
The other bidder offered 2.2 million.
The 19.5 hectares adjacent to the Juken New Zealand mill are in three titles and likely to be rezoned rural industrial, Gisborne District Council having indicated a future change, marketing agent David Egan said.
The property was some of the most fertile land in the district, Mr Egan said. It included three houses …

US Auction Info
The U-S General Services Administration has been contracted to conduct an online auction of U-S Forest Land in Northern Arizona.
The G-S-A has scheduled a May 30th opening date for the auction of 175 acres at the Verde Ranger Station Administrative Site in Camp Verde.
The property will be offered as four parcels, consisting of 119, 40, 15 and one-point-six acre sizes.

An historic, pristine waterfront tract along the St. Martin’s River and Assawoman Bay made up of three parcels totaling more than 400 acres will finally come up for auction tomorrow after years of dispute about its ownership.
The property’s former owner, the late John G. Townsend, a former governor of Delaware at the turn of the last century and a two-term U.S. Senator from the First State, deeded the property to three area churches in the 1960s with the understanding the farmers working on the land would be allowed to continue …

US Auction Info
Press Release
Under a cooperative arrangement between Asset Preservation Inc. (API) and J.P. King Auction Company, the use of auctions will be offered as a way to accomplish the sale of properties within the 180-day exchange period required under 1031 regulations.
“Reverse and improvement exchanges are extremely powerful tools that provide benefits to investors through tax deferred exchanges, but the requirement that a relinquished property be sold within 180 days can present a challenge on certain properties,” said Javier G. Vande Steeg, president of API.

Indiabulls Financial Services Ltd has announced that Kenneth Builders & Developers Pvt Ltd has won the auction of 35.8 acres of Residential Land located in South Delhi offered in a public-private partnership project for a consideration of Rs 4500.10 million. The open auction was carried out by Delhi Development Authority (DDA).
Kenneth Builders and Developers Pvt Ltd, the Company that won auction is owned 50% by a wholly owned subsidiary of Indiabulls Infrastructure Ltd. A wholly owned subsidiary of DLF Universal Ltd owns the balance 50% of Kenneth Builders and …

UK Auction Info
Rutland, the UK private equity partnership, is in advanced talks to sell its Uskmouth power station for more than £100m in a deal that will provide further evidence of the renaissance of coal-fired energy.
An auction of the 360MW station near Newport in South Wales is expected to be completed within days, with a financial consortium led by Deutsche Bank thought to be the frontrunner.

Press release
An auction believed to be the largest online sale of real estate in the world recently earned more than $60 million for a Florida community that earlier considered taking a private treaty sale offer of just $12 million for the properties. The sale shows the success of the auction method and the new trend of online real estate auctions, observers said.
Two years ago, 1,900 lots of tax delinquent land were available from the city of North Port, Florida, for $1,000 a piece. During a recent online real estate …

US Auction Info
an Francisco Treasurer Jose Cisneros will be holding the city’s first on-line public auction of tax-defaulted properties beginning Monday.
Cisneros said that offering an on-line auction would make the procedure more efficient and convenient for customers. The on-line auction is also expected to bring in more bidders than in years past.

UK Auction Info
In the UK, the recent dip in the housing market has seen increasingly desperate property-owners putting their houses up for sale on the internet auction site. Around 70 per cent of properties are now advertised on-line, but few potential buyers have made the transition to online auctions – put off, perhaps, by the unreliability of descriptions (eBay is not covered by guidelines set out by the National Association of Estate Agents).