Auckland suburb becomes more and more popular to the house buyers as seen by the increasing median sales price released by Auckland’s biggest real estate company Barfoot & Thompson recently. New figures indicating that the median sales price has been doubling in the last 18 months and West Auckland is the area with biggest movers. There were 12 suburbs new to the top 20 list of which 6 are western suburbs.
Calculated based on its own sales data, Barfoot reported that the number of Auckland Central sales jumped from 172 to 408 while there is 106.6% increase in the suburb’s median price—from $263,250 to $544,000. The surging number and price are in line with the growing popularity of inner-city living and the increase in apartment construction. Sandringham and New Lynn ranked the second and third place after central city—the median price growth were 69.4% and 47.2% respectively. The housing price rose from $676,000 to beyond $1 million in Sandringham and from $451,750 to $665,000 in New Lynn. 5 more West Auckland suburbs were also featured in the top 20 alongside New Lynn—West Harbour, ranked 4th with 39.3% growth ; Kelston, ranked 9th with 33.7% growth; Massey, ranked 13th with 31.8% growth; Royal Heights, ranked 16th with 27.5% growth and Glen Den, ranked 18thwith 26.1% growth.
“Sales activity in apartments has grown considerably, with both completed homes and those available for purchase off th plans gaining lost of interest from first home buyers, investors and luxury down-sizers alike. With all this new development has come to a new generation of apartments, with a greater focus on design and lifestyle and, in turn, a higher price point.” said Mr Thompson, Barfoot Managing Director.
Living in city apartment in Auckland may be the trend. “Apartment living can be a great solution for those wanting to be in central Auckland as there is less travel time to work, usually no gardens to tend to and often there are communal facilities provided such as gyms and pools which all adds to the convenience of apartment living.” said Collen Milne, Chief Executive of Real Estate Institute.