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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, while prices for large family homes have dropped 9%.
This split sees first-home buyers and investors targeting apartments as an accessible entry point. In contrast, sellers of high-end properties face a more cautious buyer pool and must set realistic price expectations to attract interest in the current market.
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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