Is Auckland Housing Market Heating Up as Confidence Returns
Auckland’s housing market is experiencing a resurgence in activity, with some real estate agencies reporting its busiest sales month in two years. The average sale price in Auckland has reached $1.2 million, reflecting a 10% increase from the previous month. This positive outlook comes after a period of decline caused by rising interest rates. H…
Is the Auckland’s Housing Market still in the Crisis? Find Out …
Auckland’s housing market is in a precarious state, as property prices have shown signs of deterioration in 76 suburbs over the past three months, just as the traditionally busy spring season arrives. This decline is a disheartening development for homeowners, who had recently glimpsed signs of recovery. However, prospective buyers now face the dou…
Auckland Housing Market Continues To Grow
A recent drop in Auckland housing prices may have worked in favor of real estate brokerage agencies and private sellers. Even as the selling prices and sales volumes dropped by a margin, the trading patterns remained quite the same. Property listings in the Auckland housing market were up by 19.7% still, on a month-on-month basis; and compared to t…
Auckland Housing Market Average Asking Price Drops to 4-Month Low
COVID-19 restrictions outside the city and Level 4 restrictions inside have forced the market to drop to a 4-month low with the average asking price dropping by 2.8% to $865,348 in September, from $900,671 in August, as per industry reports. The Auckland housing market, however, remained buoyant. Tough times for the NZ real estate market? The ho…
Bet on these Auckland Housing Market Suburbs with Highest Growth since 2000
Auckland has seen a jump from 1 million to 1.6 million in population, in the last two decades. Demand for Auckland property allowed the city to attracted both local buyers and investors as well as foreign ones. But, the population explosion only served to increase demand and competition for availing quality suburban property in the city. The Auckla…
Auckland Housing Market Defies Forecasts with a 30% Price Hike
The Auckland Housing market has baffled pundits and consumers alike by rising 28.7%, against all expectations and forecasts. This spelled a national median of $820,000 by June, according to institutional real estate news agencies. At least five out of sixteen regions in NZ have hit new median prices for housing; one region held on to the same media…
Auckland Housing Market News Reports National Median Price of $805K
In 2021, the annual increase in asking price reached 16% by March. The Auckland housing market news was quite iterative of the impressive sale numbers- in spite of a drop in supply by 9%, and a demand increase by 26%, in March. Wellington leads the pack with its highest year-on-year growth, clocking 20% above the average asking price prevalent thi…
Is the Auckland Housing Market Entering a Cool-off Period?
Expert industry study of the Auckland housing market numbers in early May has led to pundits concluding a decrease in buyer interest. The Auckland housing market performed magnificently in the first 6 months of the calendar year. But, an 11% decrease in buyer demands for property valuations has been noted in early May, compared to the past 6 months…