Mood of the market in Auckland

[datacraft]

I see the clearance rates of Auckland are well down this year and listings are up.

How do you see the market at the moment is the mood flat, negative or positive?

[Nick G]

I'd say it's quite moody

[datacraft]

I'd say it's quite moody

lol good one Nick!

[eri]

like any average flattening

some parts are down

others up

[Bobsyouruncle]

Lower end investor slum areas in Auckland are pretty dead. Get into the low 1's it's business as normal in the areas I look. Great time to buy in Papakura currently.

[Chris W]

Comment on B&T transactions made by an interest.co.nz reader

Here's a view of average 3 bedroom homes prices compared to July last year from B&Ts own published data
Average Price 2017 2016 % Chg
Central Suburbs 1,164,719 1,106,388 +5%
Eastern Suburbs 1,095,600 1,207,381 -9%
Franklin/Manukau Rural 650,909 662,276 -2%
North Shore 954,739 1,070,038 -11%
Pakuranga/Howick 953,611 1,045,286 -9%
Rodney 799,958 819,914 -2%
South Auckland 632,098 799,057 -21%
West Auckland 739,405 765,305 -3%

[Nick G]

Comment on B&T transactions made by an interest.co.nz reader

Here's a view of average 3 bedroom homes prices compared to July last year from B&Ts own published data
Average Price 2017 2016 % Chg
Central Suburbs 1,164,719 1,106,388 +5%
Eastern Suburbs 1,095,600 1,207,381 -9%
Franklin/Manukau Rural 650,909 662,276 -2%
North Shore 954,739 1,070,038 -11%
Pakuranga/Howick 953,611 1,045,286 -9%
Rodney 799,958 819,914 -2%
South Auckland 632,098 799,057 -21%
West Auckland 739,405 765,305 -3%

Actual profiles of the properties going into that raw data would be actually useful. I suspect prices have come off a bit however also there are some 1-2 bedroom apartments settling in areas.

[Bobsyouruncle]

No surprise with South Auckland. It always busts big time when it gets to the end of a cycle as it's so heavily laden with investors who can't afford anywhere better, so they pay too much.