What we’re seeing

- Auckland’s property market is back in gear after a bit of a Christmas holiday. It hit a record high average asking price of $918,600 in March up $12,000 since February and edges closer to that $1m mark

- We’ve dug into Auckland’s data to look at the three years that have changed Auckland’s property market out of sight – since March 2014 the average asking price in the our largest city has risen over $250k – a jump of 45.6%

- In those three years every suburb in the city has an average asking price of $500,000+ - in 2014 there were 30 suburbs below that mark

- There are now 70 suburbs over the $1m mark, in 2014 there were just 25

- Around the regions 12 out of 15 saw asking price jumps in March with Nelson/Tasman, Wellington, Taranaki, Manawatu and Marlborough all particularly strong

- Christchurch continues to fall with the ‘as is, where-is’ properties having an impact on the market in particular

Three_years_that_have_transformed_the_Auckland_property_market.pdf

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