Revealed: Auckland hotspots

Much has been reported on the current weakness of the Auckland market but commentators are increasingly pointing out that there are multiple markets within the larger regional market.

For that reason, different areas of Auckland are returning very different price and sales results with the Auckland City and North Shore areas generally seeing the most sluggish growth.

But new REINZ data* on Auckland’s fastest growing suburbs throws up a few surprises on this front, with Takapuna seeing the region’s highest rate of growth in median house prices of late.

According to REINZ, 67 houses were sold in Takapuna at a median price of $1.3 million in the six months ending March 2019.