PROPERTY MARKET

AUCKLAND

+$23pw

12 MONTH RENTAL TREND

43

DAYS TO SELL

-2.2%

12 MONTH PRICE TREND

$1,125,000

MEDIAN PRICE

AUCKLAND

Population: 1,652,000 (2021)

Forecast Population: Expected to hit 2m by early 2030’s (Source Statistics New Zealand)

$ Medium Price: $1,125,000 (Source REINZ May22)

12 Month Pricing Trend: -2.2% (Source REINZ May22)

12 Month Rent Trend: +$23 p/w (3 brm)

Tertiary Education:
University of Auckland, Auckland University of Technology, Massey University plus others.

Industries:
Food & Beverage, Information Communications Technology, Tourism, Construction and Engineering, Manufacturing, International Education, Marine industries

Auckland is New Zealand’s economic centre which provides for multiple opportunities for growth and development investments across a range of sectors including real estate.

Auckland is home to a vast number of multi-national and national head offices. The population growth alone has seen significant increase in net migration as the rest of world and returning Kiwis have come to appreciate what Auckland has to offer.

High entry barriers to home ownership has contributed to a strong and consistent demand in rental properties across Auckland, especially those properties located in growth areas, close to transport, which attract premium rents.

Medium house prices have soared during 2021, with a softening appearing in the current market. There is good housing supply in the pipeline, with great opportunities for investors to handpick premium developments and locations.

Auckland is divided into four core regions; Central Auckland attracting a range of premium apartment typologies with lower yields; West Auckland is a popular investment choice with lower prices and consistently strong rental demand. Key suburbs include Avondale, New Lynn, Glen Eden, Henderson and Swanson.

North-West Auckland is a melting pot of opportunity, with plenty of new build developments and key infrastructure going ahead. This area has seen good capital growth from a largely owner/ occupier market but rental demand is good.

South Auckland has always been a popular investment choice, due to its stronger yields, lower prices and good tenant demand. Suburbs with good proximity to the Southern motorway, train route and airport are ideal locations for investment.

The North Shore has enjoyed good capital growth. Easy access to Auckland’s eastern beaches have made it a desirable location to live. New developments, particularly with terrace housing and apartments are on the rise. There is increased activity around Northcote, Albany, Unsworth and Glenfield for investors with good rental demand.