Tāmaki Makaurau-Auckland’s tale of two markets:

Auckland’s property market is a tale of two markets, driven by affordability pressures reshaping buyer demand.

Central city apartment asking prices have surged 26% year-on-year, while prices for large 5+ bedroom homes have dropped 9%. First-home buyers and investors are targeting apartments for their lower entry price, creating a hot market.

Sellers of high-end homes face less competition and must price realistically. Prospective apartment buyers should act decisively and perform thorough due diligence on body corporate rules and building integrity.