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Tāmaki Makaurau-Auckland’s tale of two markets:
Auckland property splits: Central apartment prices surge 26% while luxury homes cool amid buyer affordability shifts.
AI summary
Auckland’s property market is a tale of two markets, driven by affordability. Central city apartment asking prices have surged 26% year-on-year, attracting first-home buyers and investors seeking a foothold in the city.
In contrast, asking prices for large family homes have dropped 9% as buyers adapt to cost-of-living pressures. Sellers of high-end properties must set realistic expectations, while those considering an apartment should act decisively and conduct thorough due diligence before making an offer.
The numbers: Apartments surge while luxury homes soften
Higher density living in Auckland, with apartments, townhouses and units all recording increases in the average asking price.
Affordability appears to be reshaping buyer demand
What this means for buyers and sellers in Tāmaki Makaurau-Auckland
Practical checklist for apartment buyers
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