Strong Spring Predicted For Property Market Following Lockdown in Manukau, South Auckland

Find out the average house prices by suburb in the Auckland property market in 2022. Finer Homes is proud to offer specialist home staging services in South Auckland. Home staging can make all the difference in selling your Auckland home in a competitive market.

The towns where house prices are defying the downturn – for now – Stuff

The towns where house prices are defying the downturn – for now.

Posted: Wed, 22 Jun 2022 07:00:00 GMT [source]

The best Stanley Point is a costly suburb with a median home price of $2,626,800. While the is Birkdale, which has a median house price of $1,081,300. Auckland Central, which grew at an annual rate of 4.73%, was the suburb that experienced the slowest growth. Herne Bay is the most expensive suburb with a median home price of $3,542,550. The most affordable suburb is Auckland Central, which has a median house price of $614,700.

  • We haven’t won all these awards because our agents and offices are consistently the best in terms of customer service and sales volume.
  • Manukau is the most affordable suburb with a median home price of $614 350.
  • With excellent infrastructure, educational facilities and accessibility, and a good return on investment properties.
  • Glenbrook is the most affordable suburb with a median home price of $872,000.
  • You are a valued client and deserve transparency.

The property market in the Garden City has been resilient over recent months, with only four out of 85 suburbs seeing their median values drop by one percent or more. Westpac said REINZ’s report showed the housing market had continued to soften in February. The bank feels a fall in house prices will be “a controlled descent, not a sharp lurch lower”. Jen Baird is the chief executive of REINZ. She stated that although house prices continue their upward trend, but at a slower pace, sales activity has slowed and there are more properties available. Assuming that the long-term fundamentals of either market are not changing, Auckland’s median home price should return to this long-term average.

As of December 2021, Auckland’s median house price over the last 12 months was 140.03% of New Zealand’s median house price. This is 0.23% less than its long-term ratio. This suggests that Auckland’s house Tom Mc Cartney values are about where they should be in the long-term compared to other areas. Although auction rooms may have been quieter after Alert Level 4 was implemented, the latest data shows that this was a shift to digital space. In August 2021, 26.0% of all properties were sold by auction.

Tony Chaudhary’s team provides efficient services to a growing client base, both national and international. They are valued for their hard work, smart marketing strategies, and proven negotiation skills that Tony has consolidated. Tony and his team invest considerable time and energy to ensure that every avenue can be explored to find the right buyer to each property he markets. It said there had been three consecutive months of price declines and that it now expected house prices to fall 10% over 2022. There was also an increase in median days to sell – up by 11 days to 42. Over the last 22 years of all Papakura-Franklin suburbs (Jan 2000 – Dec 2021), Wesley had the fastest-growing houses, at 8.57% per year.