QV Information

Auckland

The Auckland region as a whole saw residential property values increase by 1.8% over the past three months and 10.3% year on year. 

All areas of Auckland saw home values increase over the past three months. Auckland City – Central values bounced back rising 1.8%.  North Shore City home values increased 1.4%: Manukau City rose 2.1% and Waitakere increased 1.6%.

"Those living in their first home who may be looking to upgrade to a larger home may find the gap between what their home is currently worth compared to the next step up is substantial."

"For example a home bought three years ago in the $400,000s could now be sold for around $700,000. However, the next step could be around $1 million and for some this may be a step too far in terms of required borrowing."

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