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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 to $715,750, attracting first-home buyers and investors seeking a lower entry point.
In contrast, large family homes have seen prices drop 9% as buyers become more cautious. Sellers of high-end properties should set realistic expectations, while apartment buyers should check body corporate rules, building integrity, and bank lending criteria 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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