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November Auckland Apartment Report
Positive Auction Success Rates Despite Level 4 Lockdown
Interest in the Auckland City Apartment market remains strong, despite this having been a month dominated by strict lockdown restrictions. It was understandable that our apartment listings and sales dropped by the order of 50 to 55% from August to September, given that for most of the month the city … Read more
Auckland Apartment Market Virtually Active
The Auckland City Apartment market has proven to be unshakable during the nation-wide lockdown as buyers secure properties while there’s less competition. Daniel Horrobin, Director of the Ray White City Realty Group, said the lockdown showed little impact on apartment sales in the city with their auction success rate sitting … Read more
Strong Property Activity Continues in Auckland’s Apartment Market
The Auckland City Apartment market continues to see strong sales activity, nurtured by a thriving sense of market confidence. The sales volume for our city apartments business was 27% up when compared to July 2020, reflecting a high level of positive buyer sentiment. Investors continue to be a strong driver … Read more
Momentum Continues in Auckland’s Apartment Market
The Auckland City Apartment market has continued to gather momentum with strong sales activity on the back of positive buyer sentiment. In the month of June, there were a total of 114 sales and our team completed 39 of these sales transactions. Our sales volume was up 15.5% as compared … Read more
Auckland Apartments – A Sellers Market?
For the second month running, we saw buyer demand continue to exceed the number of new listings coming to the market with our sales volume up 55 per cent in May 2021. Whilst encouraging figures, we must not lose sight of the overshadowed month that May 2020 was. While we … Read more
Take a breath, and we’re off again
The talk of the town in recent weeks has undeniably been the changes to the Government’s Housing Policy, resulting in an extension of the Bright-line test to 10 years, but more contentiously, the announcement about investors no longer being able to deduct interest deductions for residential rental property acquired on … Read more
Demand Exceeds Supply in the Auckland Apartment Market
March saw a significant lift in the number of sales for our Ray White City Apartments business when compared to the same period last year. However, we must not overlook the prevailing circumstances we were faced during the same period in 2020. That said, sales volume outperformed the number of … Read more
First Home Buyer and Investor Heatwave Ignite’s the Auckland Apartment Market
As the Auckland property market continues to thrive, listings have started to tighten up in some areas, yet we continue to see a surge of interest for Auckland Central and City fringe apartments. Demand is continuing to be driven by investors chasing healthy net returns, downsizers seeking the increasingly desirable … Read more
