City Sales Says Buyers Could Save More Than $1 Million By Choosing an Apartment

For buyers looking to gain an entry point into some of Auckland’s top suburbs such as Parnell, Epsom and Takapuna they could save more than $1 million dollars by choosing to purchase an apartment rather than a residential property, according to research from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.

Bindi Norwell, Chief Executive at REINZ says, "For those wanting to gain an entry point into some of Auckland’s top suburbs, considering an apartment rather than a residential property is a much more affordable way of getting into some of these areas. Apartments have come a long way in the last 20 years to having top-end fixtures and fittings, eco-friendly/energy saving features and extensive communal areas.

"A saving of more than $1 million to live in a fantastic location or a good school zone is not something to be ignored," continues Norwell. "For first time buyers apartments are an excellent way to get a foot on the already expensive Auckland property market. Apartments are usually close to public transport and other amenities such as cafes or restaurants, gyms and other retail outlets. But most importantly, they’re in a price bracket that people can more realistically actually afford.

"An apartment may not be the property that a young couple end up living in their whole life, but it allows them the chance to build up equity in their apartment, and then further down the track, if they plan a family, it means that they can then look to make the next step to a larger home with more room," continues Norwell.

City Sales has played a key role in establishing the Auckland apartment market as a great choice for investors, first home buyers and anyone interested in affordable real estate, and they continue to reinforce their position as a leading authority in Auckland apartments, so for more information on apartments Auckland, property management Auckland and apartments for sale please visit the website at http://www.citysales.co.nz .