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Active investors, auction rates up – summer’s hit Auckland property market

By Daniel Horrobin

With summer just around the corner, we’re seeing the usual divide in apartment owners who either sit tight and hold on to their positive-return properties or look to capitalise on the traditionally busy summer rush. Whichever way you look at it though, the market feels very upbeat.

This activity is reflected in our rising auction numbers, particularly in our City Apartments team who are maintaining a very strong under-the-hammer success rate for the year to date.

On the new development front, it’s all ‘go go go’ with construction well underway for The CAB development, while buyer interest gains strength and showrooms remain busy for the Airedale Apartments and The Glen apartments in Glenfield, among others.

On the investment front, increasingly more investors are becoming active again and they’re showing a strong interest in apartments where the building is the centre of a remediation/weathertight program. While investments with remedial issues traditionally put off buyers because of the complicated nature of them, calculated investors who know their stuff are seeing these cases as huge opportunities with plenty of positives when researched thoroughly.

All in all, there’s a real confidence in Auckland’s apartment market, putting us in good stead for the final months of 2019. So, if you want to capitalise on this summer sizzle, give us a call.

As experts in Auckland city apartments, we can help you make your strongest move at the best time. 

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