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22 October 2019

September 2019 Market Wrap

Spring is now in full bloom, bringing with it an optimistic outlook and a warming up of the housing market.


What a difference a month makes

As the housing market gains traction again we are seeing some encouraging improvements in sales numbers and property values across the whole of New Zealand. Falling into line with this is Auckland, which is excelling in some of its suburbs.

In the sub-million bracket, city-fringe apartments, along with properties in the inner suburbs of Greater Ponsonby and the Eden Quarter, the wider western fringe areas of Greater Avondale and Blockhouse Bay, and right out to Titirangi and Henderson, are all getting attention from the ever growing lines of the first homebuyers and re-invigorated investors – mainly thanks to the record-low interest rates being offered by all the mainstream banks.

We are also seeing a growing interest in the lower North Shore, as one of Auckland's best-kept secrets comes into play in the first homebuyers market – especially for those working that side of the bridge. With immediate access to the CBD and their proximity to the northern beaches, properties in these suburbs also offer a very affordable, value-for-money option to many of the city-side suburbs.

Over the past month, we have certainly been experiencing a huge upsurge in activity across the sales front with more and more multiple offers and auctions being bought forward. Auctions still dominate as our preferred method of sale, with a healthy 79% auction success, plus there’s the assurance that properties have been sold unconditionally, so our vendors can take their next step with confidence. It is also is clear from the growing crowds filling the auction room week on week that buyers are engaged in coming along and openly competing with full transparency.

If you are thinking of selling your property, please call us and we will support you through the marketing and selling process, with the confidence that we have an experienced support team behind every one of our salespeople to ensure we look at your property through the eyes of a buyer, the bank and compliance, so we can speed up the selling process for you.

Select your area

  • Greater Ponsonby: Herne Bay, Ponsonby, Freemans Bay, Westmere, Grey Lynn, St Marys Bay
  • Lower North Shore: Northcote Point, Northcote, Birkdale, Birkenhead, Hillcrest, Beach Haven, Chatswood
  • Eden Quarter: Mount Eden, Kingsland, Eden Terrace, Sandringham
  • Western Fringe: Mount Albert, Mount Roskill, Point Chevalier, Three Kings, Western Springs
  • Greater Avondale: Waterview, Avondale, Kelston
  • Greater Titirangi: Laingholm, Titirangi
  • Auckland City Apartments: Eden Terrace, Freemans Bay, Grafton, Grey Lynn, Herne Bay, Kingsland, Ponsonby, St Marys Bay, Westmere
  • The Islands: Waiheke Island, Great Barrier Island, Rakino Island, Omiha, Oneroa, Onetangi, Orapiu, Ostend, Palm Beach, Surfdale
  • Green Bay Central: Green Bay, New Lynn, Glen Eden
  • Blockhouse Bay East: Blockhouse Bay, New Windsor, Hillsborough, Lynfield
  • Henderson West: Sunnyvale, Henderson, Massey, Ranui
  • Te Atatu West: Te Atatu South, Te Atatu Peninsula, Glendene
  • Greater Remuera: Remuera, Stonefields, St Johns

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