Auckland’s new hot suburb – the city

By | March 14, 2016

Surging inner city apartment sales have seen Auckland Central crowned the city’s hottest suburb with its median sales price doubling in the last 18 months, new figures show.

Figures show hundreds of people are either selling up existing homes and purchasing down-sized luxury properties off the plans, or buying entry level downtown apartments to get a foot on the property ladder.

The data shows the number of Auckland Central sales jumped from 172 to 408 with the suburb’s median price skyrocketing from $263,250 to $544,000 – a 106.6 per cent jump.

Sales activity in apartments has grown considerably, with both completed homes and those available for purchase off the plans gaining lots of interest from first home buyers, investors and luxury down-sizers alike.