New Report: The Auckland Property Market

The Auckland Property Market has been extremely hot over the last 20 years. Property owners have achieved significant gains over the preceding period. Mangere property owners, for instance, have achieved average gains of 8.08% (year on year growth) between the year 2000 - 2018.

These represent extraordinary gains for property owners. 

A new report on the Auckland Property Market has been released by local company, Opes Partners, which outlines key factors about the Auckland market.

These include that: the median house price in the Auckland region is $848,000 (Sept 2019), $208,000 (32.5%) more than the next most expensive region, Wellington.

However, the report also adds that: "Over the last 5 years, the national median house price has grown at 7.3% annually, while Auckland's has been up 6.3%." This indicates that the Auckland property market has been relatively flat over the last 5 years compared to the growth in the rest of New Zealand's median house prices.

Click the link above to read this new report.